Pedro Passos Coelho's Net Worth
Pedro Passos Coelho Net Worth: Pedro Passos Coelho is a Portuguese politician with a net worth of $600 thousand. Born on July 24, 1964, in Coimbra, Portugal, he became the 118th Prime Minister of Portugal in 2011, and also serves as the leader of the Social Democratic Party (PSD).
Early Political Involvement
Passos Coelho demonstrated an early interest in politics, taking on the role of national leader of the youth branch of the PSD. His political journey continued as he became a Lisbon deputy to the Assembly of the Republic during the VI and VII Legislatures (1991–1999). From 1991 to 1995, he participated in the Parliamentary Assembly of NATO and served as vice chairman of the PSD Parliamentary Group from 1996 to 1999.
Political Career and Contributions
Although he unsuccessfully ran for mayor of Amadora in 1997, he was elected municipal councillor (1997–2001). In a notable decision, Passos Coelho declined a life pension he was entitled to by law after serving as a member of parliament from 1991 to 1999. His political program, considered the most liberal ever adopted by the PSD, emphasized a commitment to executing the European Union/IMF-led rescue plan for Portugal's sovereign debt crisis.
