His death has dominated the headlines in the past few days, but what was Alistair Darling’s net worth? In this article, we explore how rich he was.
Alistair Darling was a politician from Britain who led Prime Minister Gordon Brown as Chancellor of the Exchequer from 2007 to 2010. He served as a member of Parliament (MP) for Edinburgh Central and Edinburgh South West while he was a member of the Labour Party from 1987 to 2015.
For a man who has had such a respectable career, one would not be wrong to think that Alistar Darling’s net worth will be in the millions and that the former Chancellor of The Exchequer will be a very wealthy man. So, how rich was he? What was his net worth before his sad passing? Get the details in the subsequent sections of this article.
Who Was Alistair Darling? Life and Career
The son of Thomas Darling, a civil engineer, and Anna MacLean, his wife, Alistair Darling was born in London. He was the great-nephew of Sir William Darling, the former Lord Provost of Edinburgh during World War II and a Conservative/Unionist Member of Parliament for Edinburgh South (1945–1957).
He had his education at the private Loretto School in Musselburgh, Kirkcaldy, and Chinthurst School in Tadworth, Surrey. He studied at the University of Aberdeen and received his Bachelor of Laws (LLB) from there. He was elected president of the Students’ Representative Council at Aberdeen University.
At age 23, Darling became a member of the Labour Party in 1977. In 1978, he started his career as a solicitor. In 1984, he altered his path to become an advocate at the Scots Bar. After winning an election to the Lothian Regional Council in 1982, he opposed Margaret Thatcher’s rate-capping regulations by advocating for significant rate increases and even threatening to impose no rates at all.
Before his election to the House of Commons, he was a member of the council. In addition, he served on the boards of the Lothian and Borders Police and Napier College from 1985 until he was elected an MP two years later.
Alistair Darling’s net worth is among the topics being discussed about him after the news broke of his sad demise, but what are the details of his sad death?
Before we get to see the details of Alistair Darling’s net worth, let’s explore the details of his death.
Alistair Darling’s Death
According to a family spokesman, Alistair Darling, the Labour chancellor who led the UK through the 2008 financial crisis, passed away at the age of 70.
After Labour won the 1997 election with a resounding majority, Lord Darling held cabinet positions for 13 years under Gordon Brown and Tony Blair.
He gained most of his notoriety as the calm hand that guided the British economy when half of its banking sector failed.
Following a brief hospital stay, the former Edinburgh MP passed away, according to his family.
A statement issued on behalf of his family called Lord Darling a “much-loved husband of Margaret and beloved father of Calum and Anna”.
The family said he died in “Western General Hospital under the wonderful care of the cancer team.”
Labour leader Sir Keir Starmer said Lord Darling “lived a life devoted to public service”.
“I consider myself incredibly fortunate to have benefited from Alistair’s counsel and friendship,” added Sir Keir.
“He was always at hand to provide advice built on his decades of experience—always with his trademark wry, good humour.”
Alistair Darling’s death represents a great loss, and all the big men have since been reacting to the news of his passing.
Prime Minister Rishi Sunak said Lord Darling’s passing “is a huge loss to us all”, while Chancellor Jeremy Hunt described him as “one of the great chancellors”, who did “the right thing for the country at a time of extraordinary turmoil”.
Well, for some people, his sad death is a great loss, but they want to know how much Alistair Darling’s net worth was before his death.
Alistair Darling Net Worth: How Rich Was He?
As a Member of Parliament for Edinburgh South West from 1987 to 2015, the British politician earned quite a lot of money. He was reported to have earned a salary of £79,000; thus, Alistair Darling’s net worth at the time of his death was estimated to be around $3 million, according to online sources.
Given how hard he worked throughout his career, this is nothing more than he deserves.