Nadhim Zahawi is a British politician of Kurdish ancestry who was born in Iraq and has been the Chancellor of the Exchequer since 5 July 2022. He has been the Conservative Party’s Member of Parliament (MP) for Stratford-on-Avon since 2010.
In the Second Johnson Ministry, he was Secretary of State for Education from 2021 to 2022 and Parliamentary Under-Secretary of State for COVID-19 Vaccine Deployment from 2020 to 2021.
Early Life of Nadhim Zahawi
The birthdate of Nadhim Zahawi is 2 June 1967. Zahawi was born in Baghdad, Iraq, to a Kurdish family. During Saddam Hussein’s early years in power, he and his family escaped to the United Kingdom when he was eleven years old.
Nadhim Zahawi father, Hareth, is an entrepreneur and director at Balshore Investments. Zahawi was educated at Holland Park School, Ibstock Place School, King’s College School, an independent school in Wimbledon, London, and then University College London, where he earned a bachelor’s degree in chemical engineering.
After working as the European Marketing Director for Smith & Brooks Ltd, Stephan Shakespeare, a former Jeffrey Archer spokesperson, and Zahawi co-founded YouGov in 2000. Zahawi served as CEO of YouGov from 2005 to 2010.
In 2022, it was discovered that Zahawi received no founder shares in the business despite being one of the two major founders of YouGov.
Instead, he made arrangements for the founder shares that would have otherwise gone to him to instead go to a Gibraltar business that is owned by an offshore trust that is under the parental authority.
Zahawi has refuted the idea that this was done to dodge taxes. Dan Neidle, a tax attorney, said that one of Zahawi’s denials of tax evasion was founded on a falsehood.
He has given instructions to libel attorneys to request a withdrawal of such claims.
Financial and Commercial Concerns
Zahawi joined the board of non-executive directors at the specialized staffing company SThree in 2008. In 2014, he had a month salary of £2,917.
Although he left the position in October 2017, he continued to hold more than £70,000 in company stock until April 2021.
According to a report published in the Birmingham Mail newspaper in November 2013, Nadhim Zahawi used Berkford Investments Limited, a mortgage lender with offices in Gibraltar, a low-tax British overseas territory, to finance the purchase of his constituency home, the “Oakland” riding stables estate, which was then valued at £875,000 and is located in Upper Tysoe, close to Stratford-upon-Avon in Warwickshire.
T&T Management Services Limited, whose services include wealth management, oversees Berkford Investments Limited.
In response to the news item, Zahawi said: “On my Tysoe home and all of my other real estate purchases, I did pay stamp duty.
I wholeheartedly support this government’s budgets, including the 2012 one. I used a financing from a Gibraltar company to buy my Tysoe property.
It would be factually false to imply that this fact or the details associated with it are in any way hidden because they are fully disclosed on the Land Registry.
Additionally, it is utterly false to imply that I am using an offshore account in any way to lessen my tax liability.” He worked as a part-time chief strategy officer at Gulf Keystone Petroleum, an oil and gas exploration and production business, in 2015.
The business paid him £1.3 million between 2015 and 2018. Due to his several positions, Zahawi was considered the second-highest paid MP in the UK as of 2017.
Early in 2017, The Guardian revealed that Zahawi had spent £25 million on real estate in London for both personal and professional usage.
In response, Zahawi stated, “My constituency job is my first priority, before anything else, and I would never, or have never, let anything come in the way of this.”
According to reports, by 2021, Zahawi or his wife possessed £100 million worth of property, including an industrial park, three homes in London, a Warwickshire farm with stables, and a home in Dubai.
What Kind of Work Does Nadhim Zahawi Do?
Zahawi, Jeffrey Archer’s assistant, has always backed the Conservative Party. For lying, Archer received a prison sentence in 2001.
He co-founded YouGov in 2000 and has served as its CEO ever since. It is currently one of the most well-known companies in the United Kingdom.
Zahawi was chosen as the Conservative Party’s candidate for Stratford-upon-Avon in the general election of 2010. Due to Zahawi’s achievements in the industrial sector, David Cameron employed him as a Downing Street covering officer.
He was named minister for the 2020 implementation of the Covid-19 immunization after serving as an assistant minister in the business and education departments. Boris Johnson elevated him to the position of cabinet secretary for education in 2021.
What is Nadhim Zahawi’s Net Worth?
Nadhim Zahawi has a net worth of up to £100 in 2022, despite conflicting accounts of his riches. Before joining the Westminster benches, Zahawi had a successful commercial career.
In 2000, following his resignation from Smiths & Brooks Ltd, he and Stephan Shakespeare created the data analytics and market research firm YouGov.
He continued as CEO of the company while commencing his political career, first as an assistant to Jeffery Archer and then as a Conservative councillor for Putney in 1994.
After serving three terms in the London Borough, Zahawi set his sights on Stratford-Upon-Avon, where he was elected Conservative Member of Parliament in 2010.
Before becoming Parliamentary Under-Secretary of State at the Department of Education in 2018, he spent the most of his tenure in government advising on foreign affairs.
In November 2020, Zahawi became the first Parliamentary Under-Secretary of State for COVID-19 Vaccine Deployment in preparation for the 2020 COVID-19 Pandemic.
He will manage the rollout of COVID vaccinations in the United Kingdom until 2021, when he would be reassigned as Secretary of State for Education following Gavin Williamson’s retirement.
Participation in a Presidents Club Charity Dinner
Zahawi was reported to have attended a men-only dinner event hosted by the President’s Club at the Dorchester Hotel in London in late January 2018. According to media reports, female hostesses were subjected to sexual harassment, groping, and unwanted touching.
Following the news of his presence at the gathering, Zahawi issued a tweet criticizing such behavior and expressing his discomfort with what he witnessed. He has also indicated that he will never again attend a men-only gathering.
In response, opposition politicians, including the Shadow Secretary of State for Education, Angela Rayner, demanded that Zahawi resign from his position as Parliamentary Under-Secretary in the Department of Education because he failed to report his concerns about illegal behavior at the event to police and because he had previously attended the event on several occasions.