Angela Merkel Net Worth
Angela Merkel has an estimated net worth of $11.5 million. Angela Merkel is a German politician best known as the first female chancellor of Germany and one of the architects of the European Union. She earned the majority of her income from her political career.
Angela Dorothea Kasner, better known as Angela Merkel, was born on July 17, 1954, in Hamburg, West Germany. Merkel, a physicist by training, entered politics following the fall of the Berlin Wall in 1989. Following the 2005 national elections, Merkel rose to the position of chairwoman of the Christian Democratic Union party, becoming Germany’s first female chancellor and one of the leading figures of the European Union.
To calculate the net worth of Angela Merkel, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.
Here’s the breakdown of her net worth:
|Net Worth:||$11.5 Million|
|Annual Income:||$300 Thousand|
|Source of Wealth:||Politician, Scientist, Physicist, Actor|
Angela Dorothea Kasner, a German stateswoman and chancellor, was born on July 17, 1954, in Hamburg, Germany. Merkel grew up in a rural area north of Berlin in the then-German Democratic Republic, the daughter of a Lutheran pastor and teacher who moved his family east to pursue his theology studies. She earned a doctorate in physics from the University of Leipzig and later worked as a chemist at the Central Institute for Physical Chemistry, Academy of Sciences, from 1978 to 1990.
First Female Chancellor
Merkel joined the Christian Democratic Union (CDU) political party after the fall of the Berlin Wall in 1989. She was soon appointed to Helmut Kohl’s cabinet as minister for women and youth, and later as minister for the environment and nuclear safety. Following Kohl’s defeat in the 1998 general election, she was appointed CDU secretary-general. Merkel was elected party leader in 2000, but she lost the CDU’s chancellorship to Edmund Stoiber in 2002.
Merkel defeated Chancellor Gerhard Schröder by three seats in the 2005 election, and after the CDU reached a coalition agreement with the Social Democrats (SPD), she was named Germany’s first female chancellor. Merkel was also the first former German Democratic Republic citizen to lead the reunited Germany and the first woman to lead Germany since it became a modern nation-state in 1871. In 2009, she was re-elected to a second term.
In October 2013, Merkel made headlines when she accused the US National Security Agency of tapping her phone. At a summit of European leaders, she chastised the US for this breach of privacy, saying, “Spying among friends is never acceptable.” She was sworn in for a third term shortly after, in December 2013.
Angela Merkel was re-elected chancellor for a fourth time in September 2017. Despite her CDU party’s majority in the Bundestag, Germany’s parliament, the far-right Alternative for Germany (AfD) received 13% of the vote, becoming the third-largest group in parliament after the CDU/CSU and SPD. It was the first time since 1961 that a far-right party had entered the Bundestag.
“We clearly expected a better result,” Merkel said after the election. “The good news is that we will almost certainly lead the next government.” She also stated that she would address AfD supporters “by solving problems, taking up their worries, partly also their fears, but most importantly by good politics.”
Despite a challenge to her authority in the September election, Merkel topped Forbes’ list of the world’s most powerful women for the seventh year in a row, and for the 12th time overall.
Additional issues arose in mid-November, when attempts to form a new government coalition fell through. Following weeks of talks, the Free Democratic Party (FDP) abruptly withdrew from talks with the CDU/CSU and the Greens due to differences in immigration and other policies. Merkel was dealt another setback after declaring that her party would “continue to take responsibility for this country, even in such a difficult situation.”
In March 2018, the SPD voted to renew its coalition with the CDU, paving the way for Merkel to begin her fourth term. The parties’ talks had stalled, but the deadlock was broken when SPD leader Martin Schulz stepped down in February.
Merkel had to walk a political tightrope again that summer when she faced an ultimatum from Horst Seehofer, her interior minister and the leader of Bavaria’s Christian Social Union. Seehofer had threatened to resign in response to Merkel’s refusal to deny entry to migrants with pending asylum claims elsewhere in the European Union, but the two announced in early July that they had reached an agreement in which transit centers would be established on the border with Austria to route asylum seekers to their responsible countries.
Merkel announced in October 2018 that she would step down as CDU chair at the end of the year and would not run for reelection as chancellor in 2021. Annegret Kramp-Karrenbauer then took over as CDU leader, seen as an endorsement of Merkel’s legacy, until her surprise resignation in February 2020 clouded the picture for Merkel’s final months in office.
The outbreak of the coronavirus further complicated matters by shutting down industries and forcing people all over the world to change their lifestyles. Merkel implemented rules to close restaurants and other public gathering places, but the precautions were insufficient to prevent her exposure to a doctor infected with the virus, resulting in her self-quarantine in late March.
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