Angela Merkel Net Worth, Early Life, Political Career, Chancellor, Policies, Personal Life and International Status

Published Date   02nd Aug. 2017, 20:19 pm
Angela Merkel Net Worth, Early Life, Political Career, Chancellor, Policies, Personal Life and International Status
Quick Info
Birth Name:Angela Dorothea Kasner
Date of Birth:17/07/1954
Age: 64 years old
Nationality:German
Net Worth:$11.5 million
Qualification:University of Leipzip




The politician and Chancellor of Germany, Angela Merkel net worth rose as she secured prestigious position and her works demonstrated her capacity.

Synopsis

Born in 1954, Angela Merkel is a German politician. She has been the chancellor of Germany since 2005 and leader of Christian Democratic Union (CDU). Before earning a remarkable spot as a politician, Merkel was a research scientist who holds a doctorate in physical chemistry. During the Revolution of 1989, Merkel entered politics starting to serve as deputy spokesperson for East German Government. Angela Merkel net worth grew as she became Minister for Women and Youth in 1991 and Germany’s first Chancellor in 205.

Early Life

Angela Merkel was born on July 17 1954 as Angela Dorothea Kasner in Hamburg, West Germany. Her father, Horst Kasner was Berlin born Lutheran pastor and mother Danzig Gdansk was Poland born English teacher. Therefore, Merkel has Polish and German descent. Merkel grew up with a younger brother, Marcus Kasner — a physicist and a younger sister Irene Kasner — an occupational therapist.

Merkel was a member of official youth movement, the Free German Youth (FDJ). The ruling Socialist Unity Party sponsored the movement. Even though the membership was voluntary, it helped in easy admission in higher education. She later became the FDJ secretariat in the Academy of Sciences where she was involved in activities like organizing talks.

When Merkel was in her school, she became proficient in Russian and Mathematics for which she got prizes. She attended University of Leipzig where she studied physics. Angela Merkel net worth grew as she participated in reconstruction of Moritzbastei as they got backing from local leadership of the SED party when she was a student.

Merkel studied Physical Chemistry in Central Institute, Berlin-Adlershof right after graduating from University of Leipzip. She received doctorate for her thesis on quantum chemistry and published several papers.

Beginning of Politics

After the fall of the Berlin Wall, Merkel joined the new party Democratic Awakening. After the only multi-party election, Merkel became the deputy spokesperson for new government under Lothar de Maiziere. She has impressive way of dealing with journalists. In 1990, the Democratic Awakening and East German CDU merged together and also with its western counterparts. Following the reunification, Merkel won election and started serving as Minister for Women and Youth under Chancellor Helmut Kohl. Four years later, Angela Merkel net worth increased as she got promotion and became Minister for the Environment and Nuclear Safety. While serving for this position, Merkel got greater political visibility and environment to build her career in politics.

Leader of the Opposition

The Kohl government lost election in 1998 which resulted in Markel’s appointment as Secretary-General of the CDU. Merkel won election in 2000 and became the first female leader of German party. CDU is male-dominated, conservative with Catholic roots mostly relating to western and southern Germany while Merkel is centrist Protestant originating from northern Germany. However, their contrast did not cause much trouble. Instead, Merkel enjoyed much popularity among German population.

Angela Merkel net worth rose as German population demanded to see her as main challenger to Chancellor Gerhard Schroder in 2002 election. However, CSU leader Edmund Stoiber outsmarted her politically and went to los on the election. After Stoiber’s defeat, Merkel became Leader of the Opposition in addition to being CDU leader.

During her leadership role, Merkel supported a number of reform agenda for the improvement of socio-economic system of Germany.  She allowed increase in number of working hours per week and advocated transatlantic partnership in addition to German-American friendship.

Chancellor Election and Victory

Merkel stood as challenger to Chancellor Gerhard Schroder of SPD in 2005 national elections. During the campaign, the CDU/CSU suffered when Merkel confused gross and net income twice on aired debate. Again Merkel and CDU lost ground as Merkel appointed Finance Minister, Paul Kirchhof proposed introduction of flat tax.

Nevertheless, the election ended with close ties. Therefore, both the parties demanded Chancellorships. After three weeks of negotiations, they came to conclusion that Merkel will be the Chancellor and SPD would hold 8 out of 16 seats in the cabinet.

Angela Merkel net worth skyrocketed as she became Chancellor of Germany as majority of delegates chose her on November 14 2005. She stated that her aim would be to reduce unemployment.

Domestic and Foreign Policies

In 2010, Merkel failed when she talked about her attempt to build multicultural society. She stated that people who do not attach to what Germans believe in are in the wrong place if they are in the country. Therefore, the immigrants should adopt Germany’s culture and values. This sparked a debate within Germany since there are Muslim immigrants in Germany. However, her support to Syrian refugees fleeing from civil war won back the heart of people.

Angela Merkel focused on strengthening European cooperation and international trade. Therefore, Angela Merkel net worth and popularity rose as she became the de facto leader of the European Union throughout her tenure as Chancellor. Prioritizing transatlantic economic relations, she signed an agreement for Transatlantic Economic Council in 2007 at the White House. She also held good relationship with US President George W. Bush and Barack Obama.

The same year, Merkel met 14th Dalai Lama during the time when China protesting. As she recognized importance of China in economy, she led trade delegations to China in 2005. She also supports Association Agreement between Ukraine and the EU. Angela Merkel net worth as a leader increased as she attended every G20 meeting since 2008. In addition, she hosted 2017 G20 Hamburg Summit.

Personal Life, Husband and Children

Angela Kasner married physics student Ulrich Merkel in 1977 when she was 23 years old. However, the marriage ended in 1982 with divorce. She re-married in late-1988 with Professor Joachim Sauer after 7 years of their first meeting. Sauer is her current husband but he remained out of spot light. Merkel has no children but Sauer has two sons from previous marriage.

The Chancellor of Germany is a football fan who manages to attend national team games. She fears dog since a dog has attacked her in 1995. Since her father adopted Lutheran, Merkel is also a Lutheran member of the Evangelical Church in Berlin. Her belief in her religion and God is intense.

International Status and Net Worth

The de factor leader of the European Union (EU), Angela Merkel net worth rose as she became the world’s second Most Powerful Person twice. Forbes magazine puts Vladimir Putin in the first place. She became the long-serving head of government in the EU in 2014 and in 2015 she was Time magazine’s Person of the Year. The following year Forbes named ranked her as Most Powerful Woman in the world for 10th time. After President Donald Trump’s election, The New York Times described her as The Liberal West’s Last Defender. Additionally, she is the current senior G7 leader.

As a well-established leader in Germany and around the world, Angela Merkel net worth has rose to great heights. She has a net worth of $11.5 million with high reputation.

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