Dozen Future Fund executives earn over $1 million each, some double PM's pay
Twelve executives at Australia's sovereign wealth fund earn more than $1 million annually. Some earn roughly double the Prime Minister's pay.
The Future Fund Management Agency employs twelve executives earning over $1 million each year. One Executive Level 2 takes home an annual package of more than $1.5 million.
By comparison, Prime Minister Anthony Albanese earns about $622,000 base salary. The Future Fund Management Agency oversees $350 billion in investments.
The agency justified the salaries by saying it needs to attract top talent. The global investment markets are highly competitive.
The fund delivered a 14.8 per cent return in the 12 months to June 2026. This added $37.4 billion to its portfolio.
The Greens' finance spokesperson Barbara Pocock said the pay levels raise serious questions about value for taxpayer dollars.
- 12
- Executives earning over $1 million
- more than $1.5 million
- Top executive salary package
- $622,000
- Prime Minister base salary
- $350 billion
- Assets under management
Why it mattersAustralians are facing a cost of living crisis. The government is paying public servants salaries well above political leaders. This raises questions about taxpayer value.
AustraliaThis directly affects Australian taxpayers. The Future Fund is Australia's sovereign wealth fund managing public money, and these salaries come from public coffers at a time when cost of living is a major issue for ordinary Australians.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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