Net worth of Mark Carney, the 24th Prime Minister of Canada

The Canadians have voted to decide who to deliver the mantle to guide their country through trying times, and it is none other than the seasoned economist and policymaker, Mark Carney. Canada’s Liberal Party won Monday’s national elections, with voters giving a full term as prime minister to its leader, who has been riding the anti-Trump wave and came out victorious.


In January 2025, following Trudeau's (fomer Canadian Prime Minister) announcement of his resignation, Mark Carney announced his intention to seek the leadership of the Liberal Party of Canada , winning a landslide victory in March.

After winning the Liberal Party leadership election and becoming prime minister, Carney advised the governor general to dissolve Parliament and trigger a general election, in which he led the Liberal Party to a historic victory and won a full term as the Prime Minister of Canada .


Although Carney holds the highest office in the Canadian government now, the Harvard alum started his career being a money man. Let’s take a look at the impressive financial profile of the current Prime Minister of Canada, who spent the early days of his career at Goldman Sachs.


Who is Mark Carney?

Before venturing into his political career, Mark Joseph Carney 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.

However, before entering politics, Carney 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. 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 of Mark Carney

The newly elected Prime Minister of Canada reportedly 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.

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.”.