The longest-serving former prime minister of Japan, Shinzo Abe, held the position for two terms. The 67-year-old held the positions of president of the Liberal Democrat Party from 2012 to 2020 and prime minister of Japan from 2006 to 2007. He was shot twice in the neck and chest, according to the BBC, and after collapsing, was taken to the hospital where he was tragically pronounced dead five hours later.
The alleged shooter was detained on the spot and is a person in his 40s. He has acknowledged using a handmade gun to shoot the lawmaker because he was upset with “a specific organization.” He rose to fame when he dressed as Mario Bros for the responsibility of organizing the event in the nation’s capital during the Rio de Janeiro 2016 Olympic Games.
What is Shinzo Abe’s approximate net worth?
Although it is very difficult to determine his net worth, it is estimated to be approximately $10 million by several websites, including ThePersonage.com and HighIncomeSource.com, with most of it coming from his earnings from his public posts.
Abe won re-election in 2012 for a second term as prime minister on the promise that he would revive the nation’s flagging economy and implement the “Abenomics” public policy program.
He is taken into account to have an annual income of over $1 million and average monthly pay of over $70,000 when determining his net worth.
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The economic policy of “Abenomics”
The youngest prime minister since World War II, Abe was originally elected in 2006, but after just one year in office, he announced his resignation due to what he said were health issues.
He led the nation’s economic recovery during his second term (2012 to 2020), which was supported by three pillars: monetary easing, further public spending stimulus, and structural change.
Inside His Career
Abe, who was born in Tokyo in 1954, came from a well-known political family and completed his bachelor’s degree in political science before emigrating to the US to pursue a career in public policy in California.
Before becoming the head of the Liberal Democrat Party, he was elected to the House of Representatives in the 1993 election and named Chief Cabinet Secretary by Prime Minister Junichiro Koizumi in September 2005.
Then, in 2006, he was chosen to be prime minister, but owing to medical issues, he was obliged to step down. He mounted a political comeback and ran for governor again in 2012 after recovering.
For two more elections, he served as both the prime minister and leader of the Liberal Democrat Party, becoming the longest-serving leader in Japanese history.
The conservative, who was frequently labeled right-wing, resigned in August 2020 because his ulcerative colitis symptoms had reappeared.
Having won a seat in the House of Representatives for the Yamaguchi Prefecture district in 1993, he worked his way up the LDP ladder, rising to the position of director of the social affairs division in 1999, deputy chief cabinet secretary for Yoshiro Mori from 2000 to 2003, and chief cabinet secretary for Prime Minister Junichiro Koizumi from 2005.
Shinzo Abe’s political career reached its pinnacle in 2006 when he was appointed prime minister of Japan. At 52 years old, Abe was the youngest prime minister to ever be chosen. Due to health difficulties, he resigned from his position as prime minister of Japan in 2007 before returning in 2012 and continuing in that position until 2020.
World Leaders Pay Tribute To The Politician
The 62-year-old has received numerous tributes from world leaders on Twitter. “Incredibly awful news about Shinzo Abe,” commented Boris Johnson, the prime minister of Great Britain. His worldwide leadership in uncharted times will live long in the memory. My thoughts are with his loved ones, close friends, and the people of Japan. The UK is there for you throughout this difficult and depressing moment, he added.
Rashtrapati Bhavan, the president of India, added: “I find it hard to comprehend that Shinzo Abe is no longer. He was a wonderful statesman, and his contagious friendliness made him popular all around the world. He was shot by an assassin, and that is a tragedy for all of humanity. The Japanese people and his family have my sincere sympathies.
— 安倍晋三 (@AbeShinzo) July 5, 2022
The president of India, Rashtrapati Bhavan, continued, “I find it difficult to understand that Shinzo Abe is no longer. He was a fantastic statesman who became well-known all across the world due to his contagious friendliness. It is tragic for all of humanity that he was shot by an assassin. I truly feel for the Japanese people and their families.