What is Emmanuel Macron's Net Worth and Salary?
Emmanuel Macron is a French politician who has a net worth of $1 million. Emmanuel Macron was elected President of France in 2017. Prior to that, he served as Minister of Economics, Industry and Digital Affairs under President François Hollande. During his presidency, Macron has overseen various reforms to taxation, pensions, and labor laws and has embarked on a transition to renewable energy.
Financial Disclosures
Between 2009 and 2014, Emmanuel earned around $5 million before taxes according to filings he made with the French government. This income was a result of his work at Rothschild investment bank. During his time at the bank he was instrumental in helping Nestle buy Pfizer's baby food business for $12 billion.
Interestingly, in a March 2017 financial report, Macron noted that he did not own a car, and his total net worth barely topped $1 million. His wife owns their house, he had $140,000 in bank accounts, $65,000 in the stock market and a $300,000 book advance on the horizon.
Salary
As President of France he earns $16,000 per month, roughly $192,000 per year.
Early Life and Education
Emmanuel Macron was born on December 21, 1977 in Amiens, France to physician Françoise and neurology professor Jean-Michel. He has two younger siblings named Laurent and Estelle. As a youth, Macron was educated mostly at Lycée la Providence in Amiens before spending his last year of school at Lycée Henri-IV in Paris. He went on to study philosophy at Paris Nanterre University after twice failing to gain admission to the École normale supérieure. Macron subsequently earned a master's degree in public affairs from Sciences Po. He then trained for a senior civil service career at the École nationale d'administration, from which he graduated in 2004.
Career Beginnings
Following his graduation from the ENA, Macron began his professional career as an inspector in the Finance Ministry branch Inspection générale des finances. Due to his dismay at the election of President Nicolas Sarkozy, in 2008, he paid €50,000 to buy himself out of his government contract. Subsequently, Macron became an investment banker at Rothschild & Cie Banque. In 2010, he was made a partner of the bank; he was also appointed as managing director. Macron left the bank in 2012.
Senior Government Positions, 2012-2017
Returning to government, Macron became the deputy secretary-general of the Élysée under President François Hollande in May of 2012. He remained in that position until his resignation in June of 2014. Later, in August, Macron was appointed as Minister of Economics, Industry and Digital Affairs. In his role, he worked to push through many business-friendly reforms, including his signature "Macron Law," which was designed to reinvigorate the French economy.
En Marche
Amid tensions in the government, Macron founded his own independent political party called En Marche in 2016. A liberal centrist movement, it steadily gathered support in the media and among the public. Macron soon resigned from the government to commit himself to the movement and to his presidential campaign.
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President of France
Macron formally declared his candidacy for the presidency of France in November of 2016. After earning the most votes in the first round of the election in 2017, handily defeating François Fillon, he moved on to the second round to face National Front candidate Marine Le Pen. Macron ended up being victorious, winning with 66.1% of the vote. As a result, he became the youngest French president ever, at the age of 39. Macron went on to secure a majority in the National Assembly, and to appoint Édouard Philippe as prime minister. He subsequently appointed Jacques Chirac after Philippe resigned in 2020. Macron was elected to a second presidential term in 2022, once again beating Le Pen. However, his political coalition lost its absolute majority in the legislative election.
During his presidency, Macron has overseen a number of reforms in the areas of taxation, pensions, and labor laws. Many of these reforms angered rightwing people, leading to the chaotic Yellow Vest Protests and pension reform strike in 2018 and 2019. Starting in early 2020, Macron led France's response to the COVID-19 pandemic, earning praise for his handling of the vaccination rollout. Meanwhile, in terms of foreign policy, he has pushed for reforms to the European Union and signed bilateral treaties with Germany and Italy. Among his other notable actions, Macron continued Opération Chammal to curb the threat of Islamist terrorism; coordinated massive trade agreements with China during the China-United States trade war; and joined other countries in the global denunciation of Russia's invasion of Ukraine in 2022.
Political Leanings
Widely considered a centrist and economic neoliberal, Macron favors the free market and reducing the public-finances deficit. He has advocated for corporate tax cuts, spending cuts, and cutting the number of civil servants. In terms of the environment, Macron has supported the transition to renewable energy.
Personal Life
In 2007, Macron married his former high school teacher Brigitte Trogneux. Although they first met when he was 15 and she was 39, they only began dating when Macron turned 18, much to his parents' chagrin. Trogneux has three children from a prior marriage.
Macron is an avid piano player, having studied the instrument for ten years during his youth. He also enjoys skiing, boxing, and playing tennis. As a sports fan, Macron supports the French football club Olympique de Marseille. He also attended the finals of the 2018 and 2022 FIFA World Cups, cheering on as France won the former and narrowly lost the latter.
