Home Biography & Net Worth Politician Angela Merkel Net Worth

Angela Merkel Net Worth

Angela Merkel Net Worth 2020

Angela Merkel is the Chancellor of Germany who assumed office in 2005. The most powerful woman in the world, yeah that’s what she is considered to be is also regarded as the de facto leader of the European Union. This article will cover the life, career and net worth of Angela Merkel in 2020.

Early Life & Biography

Angela Merkel Net Worth 2020

Angela Merkel was born on 17 July 1954 to Horst Kasner, a pastor and Herlind, an English and Latin teacher. Her birth name is Angela Dorothea Kasner and was born in Hamburg, West Germany. Merkel spent her childhood days in Templin after her family moved there from Hamburg. Merkel had a love for politics from a very young age, and she joined the Free German Youth movement when she was 14. She is well versed with Russian and has a degree in physics from the Karl Marx University, Leipzig. She holds a doctorate for a thesis she wrote on Quantum Chemistry.

Personal Life

Angela Merkel married her first husband Ulrich Merkel in 1977 when she was 23 years old. The couple had a divorce in 1982, but she is still using his surname. In 1988, Angela married Joachim Sauer, whom she reportedly met in 1981. Joachim is a quantum chemist and a professor. The couple does not have children together. However, Joachim has two sons from his previous marriage. Angela is said to be a keen football enthusiast and attends matches of the German National Team whenever situation permits. It is said that she has a phobia for dogs after being once attacked by a dog in 1995.

Career, Awards & Nominations

In December 1990, Angela Merkel was elected to the German Bundestag and was appointed as the Minister of Women and Youth in the Federal Cabinet. In 1994 Merkel was given the post of Minister for the Environment and Nuclear Safety.

In 1998 Merkel became the General Secretary of The Christian Democratic Union of Germany, post the defeat of the Kohl Government in the election. She then went on to become the first female leader of CDU as Wolfgang Schauble; her predecessor was dethroned as a result of a party funding scandal.

On November 22, 2005, Angela Sworn in as the first female Chancellor of Germany winning a majority of 397 to 217. In 2017, she was elected as the Chancellor of Germany for the fourth consecutive time creating history in the German politics.

Forbes has mentioned Merkel as the 2nd most powerful person in the world twice behind Vladimir Putin. Times Magazine mentioned her as the Person of the Year in 2015. In April 2008, Angela was awarded the Charlemagne Prize for her services to European Unity. In 2011, Barack Obama awarded her the Presidential Medal of Freedom.

Net Worth & Earnings

Her annual income according to various sources is said to be around $3 million. She owns three luxury cars that include Benz, Ford, and a Bentley which has a worth of $1.5 million.

Her investments are said to have a worth of $6.2 million. The value of the house she bought in the year 2008 is considered to be $2 million. Her net worth is estimated to be $14 million.

Angela has been mentioned in Forbes Magazine as the most powerful woman in the world for twelve times which is quite a huge feat to achieve. She is fondly called as “Mutti” by her supporters which translates to mom, and that sums up her status and love for her among the Germans.