Paul Keating Net Worth 2021, Early Life, Relationship, and Political Career

Paul Keating is a former leader of the Labor Party who held office as the 24th Prime Minister of Australia from 1991 to 1996. He also served as the Treasurer of Australia from 1983 to 1991. In this article, we researched so much on Paul Keating Net Worth 2021. Thus, this article will do justice to answer your search query on Paul Keating Net Worth 2021.

paul keating net worth

Early life and education

Keating was born at St Margaret’s Hospital in Darlinghurst, Sydney, New South Wales, on 18 January 1944. He was the first of four children born to Minnie (née Chapman) and Matthew John Keating.

His father worked as a boilermaker for the New South Wales Government Railways. All of Keating’s grandparents were born in Australia.

On his father’s side, he was descended from Irish immigrants born in counties Galway, Roscommon, and Tipperary.

On his mother’s side, he was of mixed English and Irish descent. His maternal grandfather, Fred Chapman, was the son of two convicts, John Chapman and Sarah Gallagher, both of whom had been transported for theft in the 1830s.

Keating grew up in Bankstown, a working-class suburb in western Sydney. His siblings include Anne Keating, a company director, and businesswoman.

Leaving De La Salle College—now known as LaSalle Catholic College—at the age of 14, Keating left high school rather than pursuing higher education, instead of working as a pay clerk at the Sydney County Council’s electricity distributor.

Keating also attended Belmore Technical High School to further his education.  He then worked as a research assistant for a trade union, having joined the Labor Party as soon as he was eligible.

In 1966, he became President of New South Wales Young Labor. During the 1960s, Keating also managed a rock band named The Ramrods.

Paul Keating Wife Family and Children:

Paul Keating has an ex-wife, Annita van lersel.

Annita was a flight attendant. The couple tied the knot in 1976 and separated in 1998 after 22 years of marriage. Since then, Keating’s partner is the actress, Julieanne Newbould.

Paul and Annita share 4 lovely children. Among them, Katherine is his daughter who was alleged to be an associate of pedophile Prince Andrew.

Early Political Career

Through his contacts in the unions and the Young Labor Council, Keating met future senior Labor figures such as Laurie Brereton, Graham Richardson, and Bob Carr.

paul keating net worth

He also developed a friendship with former New South Wales Premier Jack Lang, who Keating took on as a political mentor.

In 1971, he succeeded in having Lang re-admitted to the Labor Party. Keating successfully gained the Labor nomination for the seat of Blaxland in the western suburbs of Sydney and was elected to the House of Representatives in 1969 when he was just 25 years old.

He was initially more socially conservative; in his maiden speech, he declared that the Liberal Government had “boasted about the increasing number of women in the workforce.

Rather than something to be proud of, I feel it is something of which we should be ashamed”. He later voted against former Prime Minister John Gorton’s motion to decriminalize homosexuality in 1973.

According to Tom Uren, he was originally a “very narrow-minded young man”, who later “matured” and became far less socially conservative.

Keating aged 34, second from left, with Labor figures (from left) Colin Jamieson, Peter Walsh, and Stewart West in Wickham, 1978.

After Labor’s victory at the 1972 election, Keating narrowly failed to be elected to serve in the Cabinet, instead of being a backbencher for most of the Whitlam Government.

He was eventually appointed Minister for Northern Australia in October 1975 but served in the role only until the Government was controversially dismissed by Governor-General John Kerr the following month.

After Labor’s defeat in the 1975 election, Keating was quickly added to the Shadow Cabinet, serving as Shadow Minister for Minerals, Resources, and Energy until January 1983.

During this time he achieved a reputation as a flamboyant and fierce parliamentary performer, adopting the style of an aggressive debater.

In 1981, he was elected President of the New South Wales Labor Party, thus becoming the leader of the influential Labor Right faction.

At this time, he initially supported the former Treasurer Bill Hayden for Labor Leader over the former ACTU President Bob Hawke as leadership tensions between the two men began to mount; he later explained that part of his reasoning was that he privately hoped to succeed Hayden himself in the near future.

However, by 1982, the members of his faction had swung behind Hawke, and Keating endorsed his challenge. The formal announcement of Keating’s support for Hawke was written by a fellow Labor politician, Gareth Evans.

Although Hayden survived the challenge, pressure continued to mount on him; in an attempt to shore up his position, Hayden promoted Keating to the role of Shadow Treasurer in January 1983.

However this did not prove sufficient, and Hayden resigned a month later, after a poor by-election result. Hawke was elected unopposed to replace him, and he subsequently led Labor to a landslide victory in the 1983 election just six weeks later.

Personal life

In 1976, Keating married Annita van Iersel, a Dutch-born flight attendant for Alitalia. They had four children, who spent some of their teenage years in The Lodge, the Prime Minister’s official residence in Canberra.

The couple separated in November 1998. While they did not formally divorce until 2008, Annita had resumed her maiden name long before then.

Before his marriage to van Iersel, Keating had in 1972 announced his engagement to fashion consultant Kristine Kennedy, but they did not marry. Since 1998, Keating’s partner has been the actress Julieanne Newbould.

Keating’s daughter, Katherine Keating, is a former adviser to former New South Wales Minister Craig Knowles as well as former New South Wales Premier Bob Carr. In 2020, she was alleged to have been an associate of Prince Andrew.

Keating’s interests include the music of Gustav Mahler and collecting French antique clocks. He currently resides in Potts Point, in inner-city Sydney, and has a holiday home on the Hawkesbury River.

Paul Keating Net Worth

According to various sources, Paul Keating’s net worth has grown significantly in 2021. However, the numbers vary depending on the source.

paul keating net worth

If you have current knowledge about Paul Keating’s net worth, please feel free to share the information below.

Paul Keating’s net worth is estimated to be in the range of approximately $210079139 in 2021, according to the users of vipfaq. The estimated net worth includes stocks, properties, and luxury goods such as yachts and private airplanes.

Popular Culture:

In 2005, Keating!, a musical based on Keating’s life and career, premiered at the Melbourne International Comedy Festival. It went on to run until 2010, winning a number of awards and eventually being broadcast on ABC2.

What is Paul Keating doing now?

Supposedly, 2021 has been a busy year for Paul Keating. However, we do not have any detailed information on what Paul Keating is doing these days.

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