It’s not yet official, but basically everyone knows it. Emmanuel Macron has won the French presidential election defeating far-right Marine Le Pen by almost double.
Most people know that 39 year old Emmanuel Macron is a centrist politician who made money in the markets before entering politics. But how did he make his money? What is Emmanuel Macron net worth?
It wasn’t long ago that Emmanuel Macron was pulling late-nighters studying for exams at the Ecole nationale d’administration. He graduated from this prestigious government school in 2004.
Out of school, he went to work for the French government in an administrative role, until he was offered a position on a committee to improve French economic growth.
Macron followed the revolving door between politics and banking, and he terminated his government contract in order to take a highly lucrative role in a French investment bank named Rothschild & Cie.
At Rothschild, Emmanuel Macron earned a total of around $3.5 million US, according to Le Point. Part of that was a $400,000-$500,000 US annual salary. The rest of it was a bonus from the one deal he successfully completed during his time at the bank.
Even though Emmanuel Macron made millions at Rothschild, when he declared his candidacy for president, he claimed to only have around $350,000 US in investments and a little over $100,000 in insurance policies as liquid assets.
According to the Macron campaign, the deficit was due to money he spent while a banker: around $1.4 million US on a condo, a few hundred thousand in loans.
Macron also declared that he owed around $350,000 US on a home equity-type loan, as reported in Le JDD. He borrowed around $10 million US for his campaign, but it was paid back by the French government.
So what is Emmanuel Macron net worth? Macron eventually sold his condo and recouped around $1.5 million. The total value of his investments and liquid assets adds up to another half-million. He still has some debt, however.
In total, we estimate Emmanuel Macron net worth at around $1.75 million US. His only current income, besides his government salary, is his wife’s teacher’s salary and a small amount of royalties from a book he wrote.