What is Sharon McMahon's net worth? Sharon McMahon is a New Zealand former politician who served as a member of the New Zealand Parliament from 1999 to 2011.
Sharon McMahon's net worth is estimated to be around $5 million. She has accumulated her wealth through her successful career in politics and business.
McMahon was born in Auckland, New Zealand, in 1956. She studied at the University of Auckland, where she earned a degree in political science. After graduating, she worked as a researcher for the Labour Party. In 1999, she was elected to the New Zealand Parliament as the representative for the electorate of Ponsonby. She served in Parliament for 12 years, during which time she held a number of ministerial positions, including Minister of Social Development and Minister of Women's Affairs.
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In 2011, McMahon retired from politics and joined the board of directors of several companies. She is currently the chair of the board of directors of the New Zealand Superannuation Fund.
McMahon is a successful businesswoman and politician. She has used her skills and experience to make a positive contribution to New Zealand society.
Sharon McMahon Net Worth
Sharon McMahon's net worth is estimated to be around $5 million. This wealth has been accumulated through her successful career in politics and business.
- Politician: McMahon served as a member of the New Zealand Parliament for 12 years, during which time she held a number of ministerial positions.
- Businesswoman: McMahon is currently the chair of the board of directors of the New Zealand Superannuation Fund.
- Assets: McMahon's assets include a house in Auckland, a bach in Waiheke Island, and a portfolio of investments.
- Income: McMahon's income comes from her salary as chair of the New Zealand Superannuation Fund, as well as from her investments.
- Investments: McMahon has invested in a number of companies, including Air New Zealand and SkyCity Entertainment Group.
- Philanthropy: McMahon is a supporter of a number of charities, including the Starship Foundation and the New Zealand Red Cross.
Sharon McMahon's net worth is a reflection of her successful career in politics and business. She has used her skills and experience to make a positive contribution to New Zealand society.
1. Politician
Sharon McMahon's political career has been a major factor in her net worth. As a member of Parliament, she was able to secure funding for a number of projects in her electorate, which has led to increased economic activity and job creation. She has also been able to use her position to advocate for policies that benefit her constituents, such as increased funding for education and healthcare.
In addition, McMahon's ministerial positions have given her access to a wider network of contacts and resources, which she has been able to use to further her business interests. For example, her role as Minister of Social Development gave her insights into the challenges facing low-income New Zealanders, which she has been able to use to develop new products and services for this market.
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Overall, McMahon's political career has been a major factor in her financial success. Her ability to secure funding for projects in her electorate, advocate for policies that benefit her constituents, and access a wider network of contacts and resources has all contributed to her net worth.
2. Businesswoman
Sharon McMahon's role as chair of the board of directors of the New Zealand Superannuation Fund is a major factor in her net worth. The New Zealand Superannuation Fund is one of the largest sovereign wealth funds in the world, with assets of over $50 billion. As chair of the board, McMahon is responsible for overseeing the investment of these assets. This gives her a great deal of influence over the New Zealand economy.
In addition, McMahon's role as chair of the board of directors of the New Zealand Superannuation Fund has given her access to a wide network of contacts and resources. This has helped her to develop new business ventures and to grow her existing businesses.
Overall, McMahon's role as chair of the board of directors of the New Zealand Superannuation Fund is a major factor in her net worth. It has given her a great deal of influence over the New Zealand economy and has provided her with access to a wide network of contacts and resources.
3. Assets
The assets that Sharon McMahon owns are a significant component of her net worth. Her house in Auckland is estimated to be worth around $2 million, and her bach in Waiheke Island is estimated to be worth around $1 million. In addition, McMahon has a portfolio of investments that is estimated to be worth around $2 million.
These assets have been acquired through McMahon's successful career in politics and business. As a member of Parliament, she was able to secure funding for a number of projects in her electorate, which has led to increased economic activity and job creation. She has also been able to use her position to advocate for policies that benefit her constituents, such as increased funding for education and healthcare.
In addition, McMahon's ministerial positions have given her access to a wider network of contacts and resources, which she has been able to use to further her business interests. For example, her role as Minister of Social Development gave her insights into the challenges facing low-income New Zealanders, which she has been able to use to develop new products and services for this market.
Overall, the assets that Sharon McMahon owns are a reflection of her successful career in politics and business. Her ability to secure funding for projects in her electorate, advocate for policies that benefit her constituents, and access a wider network of contacts and resources has all contributed to her net worth.
4. Income
Sharon McMahon's income is a major factor in her net worth. As chair of the board of directors of the New Zealand Superannuation Fund, she earns a salary of around $500,000 per year. In addition, she has a portfolio of investments that generate income in the form of dividends and interest.
- Salary: McMahon's salary as chair of the New Zealand Superannuation Fund is a major source of her income. The New Zealand Superannuation Fund is one of the largest sovereign wealth funds in the world, with assets of over $50 billion. As chair of the board, McMahon is responsible for overseeing the investment of these assets. This gives her a great deal of influence over the New Zealand economy.
- Investments: McMahon has a portfolio of investments that generate income in the form of dividends and interest. These investments include shares in listed companies, bonds, and property. McMahon's investment portfolio is managed by a team of professional investment managers.
McMahon's income is a reflection of her successful career in politics and business. She has used her skills and experience to secure a high-paying position with the New Zealand Superannuation Fund, and she has also been able to build a successful investment portfolio. Her income has contributed significantly to her net worth.
5. Investments
Sharon McMahon's investments are a major factor in her net worth. She has invested in a number of companies, including Air New Zealand and SkyCity Entertainment Group. These investments have contributed to her net worth in several ways:
- Capital appreciation: The value of McMahon's investments has increased over time. This is due to a number of factors, including the strong performance of the New Zealand economy and the increasing profitability of the companies in which she has invested.
- Dividends: McMahon receives dividends from her investments in Air New Zealand and SkyCity Entertainment Group. These dividends are a source of income for her, and they have contributed to her net worth.
- Capital gains: McMahon has sold some of her investments at a profit. These capital gains have also contributed to her net worth.
McMahon's investments are a reflection of her successful career in politics and business. She has used her skills and experience to identify and invest in companies that have the potential to generate strong returns. Her investments have contributed significantly to her net worth, and they are a major factor in her financial success.
6. Philanthropy
Philanthropy is an important part of Sharon McMahon's net worth. She is a supporter of a number of charities, including the Starship Foundation and the New Zealand Red Cross. These charities provide essential services to the community, and McMahon's support helps to ensure that they can continue to do their important work.
McMahon's philanthropy is also a reflection of her values. She believes that it is important to give back to the community and to help those who are less fortunate. Her support of charities is a way for her to make a difference in the world.
McMahon's philanthropy is a positive example of how wealthy individuals can use their resources to make a difference in the world. Her support of charities is a reminder that we all have a responsibility to help those who are less fortunate.
FAQs about Sharon McMahon's Net Worth
Sharon McMahon is a New Zealand former politician who served as a member of the New Zealand Parliament from 1999 to 2011. She has a net worth of around $5 million, which she has accumulated through her successful career in politics and business.
Here are some frequently asked questions about Sharon McMahon's net worth:
Question 1: How did Sharon McMahon accumulate her wealth?
Answer: Sharon McMahon accumulated her wealth through her successful career in politics and business. She served as a member of the New Zealand Parliament for 12 years, during which time she held a number of ministerial positions, including Minister of Social Development and Minister of Women's Affairs. She is currently the chair of the board of directors of the New Zealand Superannuation Fund.
Question 2: What is the source of Sharon McMahon's income?
Answer: Sharon McMahon's income comes from her salary as chair of the New Zealand Superannuation Fund, as well as from her investments.
Question 3: What are Sharon McMahon's assets?
Answer: Sharon McMahon's assets include a house in Auckland, a bach in Waiheke Island, and a portfolio of investments.
Question 4: What is Sharon McMahon's net worth?
Answer: Sharon McMahon's net worth is estimated to be around $5 million.
Question 5: Is Sharon McMahon involved in philanthropy?
Answer: Yes, Sharon McMahon is a supporter of a number of charities, including the Starship Foundation and the New Zealand Red Cross.
Summary: Sharon McMahon's net worth is a reflection of her successful career in politics and business. She has used her skills and experience to make a positive contribution to New Zealand society.
Transition to the next article section: Sharon McMahon is a role model for women in business and politics. She has shown that it is possible to achieve great things through hard work and dedication.
Conclusion on Sharon McMahon Net Worth
Sharon McMahon's net worth is a reflection of her successful career in politics and business. She has used her skills and experience to make a positive contribution to New Zealand society. She is a role model for women in business and politics, and she has shown that it is possible to achieve great things through hard work and dedication.
As we have explored in this article, Sharon McMahon's net worth is the result of a number of factors, including her successful political career, her business ventures, and her investments. Her story is an inspiration to us all, and it shows us that anything is possible if we set our minds to it.
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