Well, it is official. Boris Johnson will become the next Prime Minister of the United Kingdom. Business Report takes a look at his estimated net worth and where and how he made his fortune.
The 55-year-old pro-Brexiter and former mayor of London will replace Theresa May on Wednesday. This was after he beat Jeremy Hunt to become the leader of the ruling Conservative Party.
Johnson is currently a member of Parliament for Uxbridge and South Ruislip, this means that he gets an annual salary of £79 468 (R1.3 million).
When he becomes PM he will reportedly get a salary of £150 402 (R2.6 million), according to FullFact.