Net worth of Mark Carney: Canada's new PM, who put an end to the Trudeau era

Someone managed to steal Justin Trudeau ’s thunder!

It’s Mark Carney . The 24th prime minister of Canada and leader of the Liberal Party of Canada since 2025, who once worked with the former Canadian PM Justin Trudeau. (After the Labour Party victory in the 2024 election, Carney was part of a task force that saw the creation of a British National Wealth Fund. On September 9, 2024, Carney was named by Justin Trudeau to chair the Liberal Party of Canada's Leader's Task Force on Economic Growth.)


Although Carney holds the highest office in the Canadian government now, the Harvard alum started his career handling money!

Let’s take a look at the impressive financial profile of the current Prime Minister of Canada, who spent the earlier days of his career at Goldman Sachs.


Who is Mark Carney?

Before venturing into his political career, Mark Joseph Carney was a money man.


The Canadian economist, who later became a recognized politician, has been the prime minister-designate of Canada and leader of the Liberal Party since March 9, 2025.

However, he previously served as the eighth governor of the Bank of Canada from 2008 to 2013 and the 120th governor of the Bank of England from 2013 to 2020.

Born in Fort Smith, Northwest Territories, and raised in Edmonton, Alberta, Carney graduated with a bachelor's degree in economics from Harvard University in 1988 and went on to study at the University of Oxford, where he earned a master's degree in 1993 and a doctorate in 1995. He held various roles at Goldman Sachs before joining the Bank of Canada as a deputy governor in 2003.


Financial career:

Carney spent 13 years at Goldman Sachs and worked in their Boston, London, New York City, Tokyo, and Toronto offices. His progressively more senior positions included co-head of sovereign risk, executive director for emerging debt capital markets, and managing director for investment banking. He worked on South Africa's post-apartheid venture into international bond markets and was involved in Goldman's work with the 1998 Russian financial crisis.

In 2003, Carney left Goldman Sachs to join the Bank of Canada as a deputy governor.[23] One year later, he was recruited to join the Department of Finance Canada as senior associate deputy minister, beginning that role on November 15, 2004.

From November 2004 to October 2007, Carney was the senior associate deputy minister and G7 deputy in the Department of Finance Canada. He served under two finance ministers: Ralph Goodale, a Liberal, and Jim Flaherty, a Conservative. During this time, Carney oversaw the Government of Canada's controversial plan to tax income trusts at source and was responsible for Canadian monetary policy during the global financial crisis.

Carney was also the lead on the federal government's profitable sale of its 19% stake in Petro-Canada.

Carney led the Canadian central bank until 2013, when he was appointed as Governor of the Bank of England, where he led the British central bank's response to Brexit and the early phase of the COVID-19 pandemic.

After leaving central banking, Carney served as chair and head of impact investing at Brookfield Asset Management and as chair of the board of directors for Bloomberg L.P. He was also appointed the United Nations Special Envoy for climate action and finance.


Net worth:

According to Pierre Poilievre News, the newly elected Prime Minister of Canada has accumulated a net worth estimated at $6.97 million as of 2025. Carney’s financial portfolio expanded through corporate roles, including a position at Brookfield Asset Management and a chair position at Bloomberg L.P.'s board of directors.

Much of Carney’s wealth has been built through his years in the financial sector, beginning with a 13-year tenure at Goldman Sachs. As per him, “When I worked for Goldman Sachs, it wasn't the most toxic brand in global finance, it was the best brand in world finance.”

The 59-year-old held roles such as co-head of sovereign risk and managing director of investment banking, during which time he earned what he later called “a fortune.”

He played a pivotal role in facilitating post-apartheid South Africa’s entry into the international bond market. During major financial crises, including the 1998 Russian financial collapse and the 2008 global financial crisis, his deep expertise in private capital and currency markets proved invaluable.

Carney went into central banking, first as Governor of the Bank of Canada and then (as of May 2003) at the Bank of England. Steering Canada through the 2007 global financial crisis, he was a key driver in bringing the country out of the emergency, having become the first G7 country to recover its pre-crisis GDP levels. He earned more notoriety when he became Central Bank Governor of the Year in 2012.


Political career:

According to Carney, in 2012, Prime Minister Stephen Harper asked Carney—who was then governor of the Bank of Canada—if he would join the Conservative government as minister of finance. Carney declined, stating in a February 2025 interview with the CBC that he felt it "wasn't appropriate" for him to proceed with the offer because he felt it was not right to "go directly from being governor into elective politics."

In the 2013 Liberal Party of Canada leadership election, there was speculation that Carney would run. He ultimately declined to do so.

As he prepared to step down as governor of the Bank of England, Carney was appointed as the United Nations' special envoy for climate action and finance in March 2020. In January 2020, UK Prime Minister Boris Johnson appointed Carney to the position of finance advisor for the UK presidency of the COP26 United Nations Climate Change Conference in Glasgow. At that time, the conference was scheduled for November 2020, but it was later postponed to November 2021.

Carney also served as an informal advisor to Canadian Prime Minister Justin Trudeau in 2020, during the COVID-19 pandemic, and was made chair of the Liberal Party's economic growth task force.

In September 2024, Carney was named by Justin Trudeau to chair the Liberal Party of Canada's leader's Task Force on Economic Growth. In early 2025, he announced his intention to seek the leadership of the Liberal Party of Canada, winning a landslide victory in March.