Jacinda Ardern Stepping Down

Jacinda Ardern Stepping Down as the current prime minister of New Zealand has been trending on social media as people are curious to know more.

Jacinda Ardern, New Zealand’s current Prime Minister, entered office in 2017. She is the Labour Party’s Leader and the youngest woman ever to be Prime Minister of New Zealand.

She has established a reputation as a progressive Leader with social and economic concerns. Child poverty in New Zealand was one of her primary Campaign promises.

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She has made significant efforts, including expanding benefits for low-income families and implementing a “Best Start” program to offer financial assistance to families with babies.

Why Is Jacinda Ardern Stepping Down Before Election?

New Zealand Prime Minister Jacinda Ardern revealed Thursday that she would step down in the coming weeks to make way for a new Leader, citing a lack of energy to run for re-election in October.

Jacinda Ardern Stepping Down
Jacinda Ardern Stepping Down Before Election Interview (source: CNN)

Ardern indicated at a press conference that her tenure will expire on February 7, when she expected a new Labour prime minister to be sworn in – though “depending on the process, it might be sooner.”

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“I made the decision,” Ardern said. “Leading a country is the best job anybody can have, but it is also the most difficult.

You cannot and should not accomplish the task unless you have a full gas tank, plus a little more for unforeseen and unexpected obstacles.”

She was open about the toll the position had had on her and reminisced on the different problems her country had encountered, including the Covid-19 epidemic.

New Zealand has among the harshest border controls in the world, separating families and excluding practically all immigrants for over two years.

Ardern’s leadership was also defined by the 2019 Christchurch terror incident, which murdered 51 people at two mosques.

Her prompt response drew international praise; she quickly enacted gun-control legislation, donned a hijab to demonstrate her love for the Muslim community, and publicly said she would never mention the shooter’s name.

What You Need To Know: Who Will Replace Jacinda Ardern?

Ardern’s successor as Labour Party Leader will take over as Prime Minister. As a result, the Party’s mechanism for selecting a Leader essentially determines who gets the job.

Realistic candidates for the post will be jockeying for the position as the preferred choice to be hailed as Leader and PM.

Jacinda Ardern Stepping Down
Replace Jacinda Ardern Interview (source: ABE News)

The first phase, according to Ardern, was for the caucus to determine within seven days if there was someone among their ranks who at least two-thirds believed should be a Leader. The caucus has already voted to create this by vote on Sunday.

Someone will be elected Leader if they receive two-thirds of the 65 votes cast in Labour’s caucus (44 is the key number).

Ardern said she would resign as prime minister “shortly after” to the governor-general if it happened. As a result, a new Prime Minister might take office as early as next week.

This is Ardern’s and the Party’s best hope. However, the field appears pretty open (Deputy Prime Minister Grant Robertson has ruled himself out, as has deputy Labour Leader Kelvin Davis), so a two-thirds majority may be difficult for anyone to obtain.

What Is Jacinda Ardern Net Worth2023?

According to an article on the UK-based website The Focus, Jacinda Ardern’s net worth is between $5 million and $10 million. This amount is much smaller than the previously stated $25 million.

The Prime Minister of New Zealand, Jacinda Ardern, gets paid $471,049 New Zealand dollars (US$281,047) every year. 

Ardern declared in April 2020 that she and other public sector CEOs would take a 20% wage reduction during the early phases of the global lockdown.

She will have earned more than NZ$2,300,000 while serving as Prime Minister since 2017. Ardern has also published books and been designated one of the world’s most influential women, which adds to her net worth.

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