Kemi Badenoch Net Worth

Background and career

Kemi Badenoch (née Olukemi Olufunto Adegoke; born 2 January 1980) is a British politician who has served as Leader of the Opposition and Leader of the Conservative Party since 2024. Badenoch previously worked in the Cabinet for prime ministers Liz Truss and Rishi Sunak from 2022 to 2024. She has also served as Member of Parliament (MP) for North West Essex, previously Saffron Walden, since 2017.

Born in London to Nigerian parents, her family moved to Nigeria shortly after her birth. She returned to the United Kingdom at the age of 16 and later studied at the University of Sussex and Birkbeck, University of London. She went on to work for the Royal Bank of Scotland Group, Coutts, and The Spectator. In 2005, she joined the Conservative Party and in 2012, Badenoch unsuccessfully contested a seat in the London Assembly, but became a member of the London Assembly after Victoria Borwick was elected as an MP in 2015. A supporter of Brexit in the 2016 referendum, Badenoch was elected to the House of Commons at the 2017 general election.

After Boris Johnson became prime minister in July 2019, Badenoch was appointed Parliamentary Under-Secretary of State for Children and Families. In the February 2020 reshuffle she was appointed Exchequer Secretary to the Treasury and Parliamentary Under-Secretary of State for Equalities. In September 2021, she was promoted to Minister of State for Equalities and appointed Minister of State for Local Government, Faith and Communities.

In July 2022, Badenoch resigned from government in protest at Johnson's leadership; she stood unsuccessfully to replace him in the July–September 2022 party leadership election. After Liz Truss was appointed prime minister in September 2022, Badenoch was appointed Secretary of State for International Trade and President of the Board of Trade and was appointed to the Privy Council; she was reappointed Trade Secretary by Truss's successor, Rishi Sunak, the following month, also becoming Minister for Women and Equalities.

In the February 2023 Cabinet reshuffle, Badenoch assumed the position of Secretary of State for Business and Trade following the merging of the Department for International Trade with elements of the Department for Business, Energy and Industrial Strategy. Badenoch retained the responsibilities of Women and Equalities Minister. Following the Conservatives' defeat in the 2024 general election, Badenoch was appointed Shadow Secretary of State for Housing, Communities and Local Government in Sunak's Shadow Cabinet and later launched her bid to become leader of the Conservative Party in the 2024 leadership election. She defeated Robert Jenrick in the members' ballot, becoming party leader and Leader of the Opposition.