Christine Lagarde Salary, Personal Life, Career Highlights, Ministerial Positions, IMF, Tapie Case, Honors and Recognition

The French lawyer and politician, Christine Lagarde salary rose as she became Managing Director of the International Monetary Fund (IMF) in 2011.

Synopsis

Before getting the managerial position in IMF, Christine Lagarde salary was already due to several ministerial posts in the French government. Lagarde worked as the Minister of Economic Affairs, Finance and Employment, Minister of Trade and Minister of Agriculture and Fishing. Lagarde became the first woman as finance minister of a G8 economy as well head of IMF. The best Minister of Finance in Eurozone, 2009, Lagarde was also the first female chairwoman of the international law firm Baker & McKenzie.

Background and Personal Life

Christine Lagarde was born Christine Madeline Odette Lagarde on January 1 1956 in Paris, France. Her academician parents are Robert Lallouette, professor of English, and Nicole, who was a Latin, Greek and French literature teacher. Lagarde grew up with her three younger brothers in Le Havre where she went to Lycee Francois 1er and Lycee Claude Monet.

After finishing baccalaureat in 1973, Lagarde went to Holton-Arms School in Bethesda, Maryland under scholarship. While she was in America, she worked as intern at the United States Capitol. As a congressional assistant of Representative William Cohen, Lagarde helped Cohen correspond with French-speaking constituents during Watergate hearings.

She earned her Master’s degree in English, labor law and social law from Paris West University Nanterre La Defense. Additionally, she earned Master’s degree from the Institut d’etudes politiques d’Aix-en-Provence.

Talking about her personal life, Lagarde has two sons, Pierre-Henri Lagarde and Thomas Lagarde. She is divorced. Her current partner is entrepreneur Xavier Giocanti from Marseille. They are together since 2006.

Lagarde is a vegetarian. Being highly conscious of her health, she rarely drinks alcohol. Her loves going to gym, cycling and swimming.

Professional Career Highlights

Christine Lagarde salary started to rise as she got into professional career from 1981. She started her career working for a Chicago based international law firm, Baker & McKenzie. Her major role included holding major antitrust and labor cases. Six years later, she became the head of the firm in Western Europe. Lagarde got into executive committee in 1995 and became the first ever female Chairman of the firm in 1999. Similarly, Christine Lagarde salary got a rise after she became the president of global strategic committee.

Ministerial Positions

Apart from holding prestigious positions in law firm, Lagarde took over the Ministerial positions between 2005 and 2010. The prestigious positions rose Christine Lagarde salary and net worth. She became France’s Trade Minister from 2005 to 2007. During this period of time, Lagarde prioritized new markets to benefit country’s products focusing on technology. I n mid-2007, she moved to Ministry of Agriculture after a month of which she joined Francois Fillon’s cabinet in the Ministry of Economic Affairs, Finance and Employment. Lagarde was the first woman to take charge of French economic policy and the only member to condemn Jean-Paul Guerian’s racist remark in 2010.

Working with IMF

Christine Lagarde salary grew as her candidacy to be the head of the International Monetary Fund received support of the British, Chinese, Germany, Russian, Indian and the US government. Agustin Carstens, The Governor of Bank of Mexico, was the opponent candidate whom Spain, Canada and Australia supported. Nevertheless, the IMF board elected Lagarde as next managing director and chairman for five years term on July 28 2011 after Dominique Strauss-Kahn’s resignation.

Lagarde became the first woman as the head of the IMF. Even though she was appointed during the time of European sovereign debt crisis, the USA proved to be her huge supporter. The US Treasury Secretary Timothy Geithner supported Lagarde mentioning her broad experience and talent; however, Oxfam argued that the election process lacked transparency.

During her tenure, one of the major issues was the Greek debt crisis. On this issue, she argued that it can only be resolved by meaningful debt relief, an unpopular stance. After her five years term completed, she again served as the head of the IMF for the second term starting from 2016.

Bernard Tapie Case

The same year of her reelection, Lagarde went through trial for her controversy regarding the Tapie case.Christine was found guilty on her negligence in approving huge payout of taxpayers’ money to French businessman Bernard Tapie. Consequently, she faced 15,000 Euro fine; however, court denied to impose penalty on her.

Honors, Recognition and Salary

The IMF head, Christine Lagarde salary did not only rise with her rising position; her reputation also rose. She is the receiver of Order of Legion d’honneur in 2012. Similarly, she received honorary doctorate from KU Leuven , Belgium and Universite de Montreal, Canada. Lagarde also earned the Order of Merite Agricole award.

Her recognition and fame rose as she gave an interview in Academy Award winning documentary, Inside Job (2010). Vogue magazine profiled Lagarde in 2011 in addition to Forbes listing her as fifth most powerful woman in 2014.  Actress Laila Robins portrayed Christine Lagarde in 2011 HBO TV drama Too big to Fail.

The 11^th managing director of the International Monetary Fund, Christine Lagarde salary is high enough to garner her net worth in millions. The personality capable of handling international monetary matters and French ministerial position has high salary; however, the exact figure is unavailable. But Christine Lagarde net worth is $6 million as per the recent calculations.