Born on July 24, 1964 in Coimbra, Portugal. Portuguese politician and current prime minister of Portugal, Pedro Passos Coelho has an estimated net worth of $600 thousand. He is the 118th Prime Minister of Portugal, who took office back in 2011, and also the leader of the Social Democratic Party (PSD). Coelho became a politician at a very young age; he was the national leader of the youth branch of the PSD. Later on, he became a Lisbon deputy to the Assembly of the Republic in the VI and VII Legislatures (1991–1999); joined the Parliamentary Assembly of NATO(1991–1995); was vice chairman of the Parliamentary Group of the PSD (1996–1999). In 1997, he lost in the race to be mayor of Amadora, but was elected municipal councillor (1997–2001). He was member of the parliament from 1991 to 1999 and offered, by law, a life pension, though he declined. Coelho’s political program was considered the most liberal ever adopted by the PSD and included a resolute intention to accomplish the European Union/IMF-led rescue plan for Portugal’s sovereign debt crisis. Coelho entered office as a renowned social conservative, who opposed abortion, except for extreme cases, euthanasia and same-sex marriage, while he also took swipe at some facets of the previous cabinets, led by former Prime Minister José Sócrates.