Julia Gillard has an estimated net worth of $2 million. She is the 27th and the current Prime Minister of Australia as well as the Leader of the Australian Labor Party since June 24, 2010. She is the first woman to ever hold either office. Born as Julia Eileen Gillard on September 29, 1961 in Barry, Wales, UK, she suffered from bronchopneumonia as a child. Her parents were advised that it living in a warmer climate could aid in her recovery. The family migrated to Australia in 1966 and settled in Adelaide. After eight years, the family became Australian citizens.

Gillard attended Mitcham Demonstration School and Unley High School. She then studied at the University of Adelaide but cut short her courses in 1982 and moved to work with the Australian Union of Students. She graduated from the University of Melbourne with degrees in Bachelor of Arts and Bachelor of Laws in 1986. She joined the Slater & Gordon law firm and she was working in the industrial law before she went into politics.

Julia Gillard was first elected to the House of Representatives at the 1998 federal election for the seat of Lalor, Victoria. She was then elected to the Shadow Cabinet during the 2001 federal election and was given the portfolio of Population and Immigration. She took on the responsibility for both Reconciliation and Indigenous Affairs and Health in 2003. She was elected unopposed as deputy to Kevin Rudd when he was elected as Labor Leader and became the Leader of the Opposition in December 2006.

In the 2007 federal election, Gillard became the first female Deputy Prime Minister of Australia upon Labor’s victory. She served as both Minister of Education and Minister for Employment and Workplace Relations. After Rudd lost the support of his party and resigned, she was elected unopposed as the Leader of the Labor Party. She then became the 27th Prime Minister of Australia in June 24, 2010.