Emmanuel Macron is a well-known political leader who is currently the President of France. His journey to becoming one of the most powerful people in the world is full of interesting details. This article will explore his net worth, early life, personal and professional life, his achievements, and the sources of his income in a way that is easy to understand for school students. Let’s take a look at who Emmanuel Macron is and how he got to where he is today.
Who is Emmanuel Macron?
Emmanuel Macron is a French politician who has been serving as the President of France since 2017. He was born on December 21, 1977, in Amiens, France. Macron has a background in economics and public administration, and before entering politics, he worked in the financial sector. He is the youngest French president ever elected, taking office at the age of 39.
| Full Name | Emmanuel Jean-Michel Frédéric Macron |
| Date of Birth | December 21, 1977 |
| Place of Birth | Amiens, France |
| Nationality | French |
| Occupation | Politician, President of France |
| Political Party | La République En Marche! |
| Years in Office | 2017 – Present |
| Spouse | Brigitte Trogneux (m. 2007) |
| Education | Sciences Po, École Nationale d’Administration (ENA) |
| Net Worth (2024) | €40 million |
Net Worth of Emmanuel Macron
As of 2024, Emmanuel Macron’s net worth is estimated to be around $40 million. His wealth comes from various sources, including his career in investment banking, government salary, and book deals. Let’s take a look at his income sources in more detail.
| Year | Net Worth |
|---|---|
| 2017 | €4 million |
| 2018 | €5 million |
| 2019 | €10 million |
| 2020 | €20 million |
| 2021 | €30 million |
| 2022 | €35 million |
| 2023 | €40 million |
Sources of Emmanuel Macron’s Income
- Investment Banking: Before becoming president, Macron worked at Rothschild & Co, a well-known investment bank, where he made a significant amount of money. As an investment banker, Macron helped companies with mergers and acquisitions, and he was known for being highly skilled in this field. He was especially famous for working on a deal where Nestlé purchased part of Pfizer, which earned him a large sum of money.
- Government Salary: As the President of France, Macron earns a yearly salary. While his presidential salary is less than what he made in banking, it is still a substantial part of his income. In France, the president earns around €179,000 per year, which adds up over the years.
- Book Sales: Macron has also made money from writing books. His book, “Revolution,” which discusses his vision for France and his journey in politics, became popular and added to his wealth. Writing is another way many political leaders make extra income.
- Real Estate: Macron and his wife Brigitte Macron also own some property, which is a part of their assets. Real estate can be a source of wealth because its value often increases over time.
Early Life of Emmanuel Macron
Emmanuel Jean-Michel Frédéric Macron was born into a family of doctors in Amiens, a city in northern France. His father, Jean-Michel Macron, is a professor of neurology, and his mother, Françoise Noguès, is a physician. He grew up in a middle-class family but showed an interest in politics and philosophy from a young age.
Macron was a bright student and attended La Providence, a prestigious private school. This is where he met Brigitte Trogneux, a teacher who would later become his wife. Despite the fact that Brigitte was 24 years older than him, the two formed a strong bond and married later in life.
Macron was always curious and eager to learn. He moved to Paris to attend Henri-IV, a famous high school, and later went to Sciences Po, a renowned university for political science. He also attended the École Nationale d’Administration (ENA), which trains future French leaders.
Professional Life of Emmanuel Macron
Emmanuel Macron’s professional life has taken him through various fields, including public service, finance, and politics.
Investment Banking
After finishing his studies at ENA, Macron joined the Inspection Générale des Finances, a part of the French Ministry of Economy. But soon after, he left public service to join the investment banking sector. In 2008, he joined Rothschild & Co, where he quickly climbed the ranks.
Macron became known for his sharp mind and ability to handle complex financial deals. One of his most significant achievements at Rothschild was the Nestlé-Pfizer deal, where Nestlé purchased the baby food division of Pfizer for billions of dollars. This deal made Macron wealthy and well-known in business circles.
Political Career
Macron’s political career began when he worked for François Hollande, who was the President of France at the time. In 2012, Macron was appointed as the Deputy Secretary-General of the Élysée, which is the official residence of the French president. In this role, Macron advised Hollande on economic policy.
Later, Macron was appointed as the Minister of Economy, Industry, and Digital Affairs in 2014. As a minister, Macron introduced reforms to make the French economy more competitive, especially for businesses. One of the most famous reforms was the Macron Law, which aimed to modernize the French economy by allowing more flexibility in Sunday trading and public transport.
Presidential Campaign
In 2016, Macron left his position as a minister and formed his own political movement called En Marche! (which means “Forward!”). He aimed to unite people from both the left and right sides of the political spectrum. Macron’s message of hope, change, and a new France resonated with many people, and in 2017, he won the presidential election, defeating far-right candidate Marine Le Pen.
Personal Life of Emmanuel Macron
Emmanuel Macron’s personal life has been the subject of much attention, especially his marriage to Brigitte Macron. Brigitte was Macron’s high school drama teacher, and the couple married in 2007 despite their age difference. Brigitte has played a significant role in Macron’s life, both personally and professionally. She is known to be his closest confidante and advisor.
The couple does not have any children together, but Brigitte has three children from her previous marriage. Macron is very close to Brigitte’s children and treats them as his own.
In addition to his personal life, Macron is known for being active and enjoying physical fitness. He has been seen playing tennis and enjoys jogging.
Achievements of Emmanuel Macron
Macron has achieved many things in his career, both in politics and business.
- Youngest President: Macron became the youngest President in French history when he was elected at 39 years old.
- Economic Reforms: Macron is known for implementing important economic reforms in France. As Minister of Economy, he introduced the Macron Law, which aimed to modernize the economy and create more jobs.
- European Leadership: Macron has played a significant role in the European Union. He has pushed for greater European unity and has worked closely with other European leaders, such as Angela Merkel of Germany, to strengthen Europe’s position in the world.
- Handling of the COVID-19 Crisis: During the COVID-19 pandemic, Macron took various steps to protect the French people and the economy. He introduced measures to support businesses and individuals who were affected by the lockdowns.
- Environmental Initiatives: Macron is also committed to fighting climate change. Under his leadership, France has worked toward reducing its carbon emissions and increasing its use of renewable energy.
Challenges and Controversies
While Macron has achieved a lot, he has also faced many challenges and controversies.
- Yellow Vest Protests: Macron’s economic reforms, such as increasing fuel taxes, led to widespread protests in France. The Yellow Vest Movement, which started in 2018, was a reaction to what many saw as unfair policies that hurt the working class.
- Pension Reforms: Macron’s proposal to reform the French pension system has also been met with protests. The reforms aim to simplify the pension system but have been opposed by many workers who fear losing their benefits.
- Foreign Policy: Macron has taken a strong stance on international issues, such as the war in Ukraine and France’s involvement in Africa. While he has been praised for his leadership, some of his decisions have been controversial, particularly in areas where France has a historical role, such as West Africa.
Conclusion
Emmanuel Macron is a fascinating leader who has achieved a lot in both politics and business. His journey from a young student in Amiens to the President of France shows his determination and intelligence. His net worth of $40 million reflects his successful career in investment banking, his presidential salary, and his earnings from writing. Macron has made significant changes in France’s economy, and despite facing challenges, he remains a key figure in European politics.
