Emmanuel Macron's Earnings at Rothschild and Their Impact on His Political Career
Emmanuel Macron, the current President of France, has had a remarkable journey from his days at Rothschild to his reign as the country's leader. During his tenure as an investment banker at Rothschild from 2008 to 2012, he made a significant amount of money that played a crucial role in shaping his financial background and, subsequently, his political career.
The Breakdown of Earnings During His Tenure
Emmanuel Macron's earnings at Rothschild were substantial, with a gross salary starting at €135,000 in his first year, rising to between €400,000 and €435,000 by the end of his time there after being promoted to associate.
His total income during this period was around €2.8 million, with a significant bonus of about €1.9 million awarded for the Pfizer deal. After taxes, his net income was approximately €1.5 million.
Investment Banking and High-Profile Deals
Macron's substantial earnings were a result of his involvement in several high-profile mergers and acquisitions, particularly the sale of the French company Pechiney to the British firm Rio Tinto and the Pfizer deal.
The Pfizer deal, which was a major acquisition, required significant expertise and negotiation skills. The success of such deals is often reflected in large bonuses for the individuals involved, which was the case for Macron.
The Controversy Around Declaration of Assets
However, the transparency of Macron's wealth has been a subject of debate. Macron and his wife's declared net worth was around €1.5 million, barely exceeding the threshold for paying the French estate tax (ISF). This has led some to question the figures and their authenticity.
Le Monde reported on the details of Macron's financial declarations, providing further context and analysis on the information made public.
The Role of Rothschild and Earnings in His Presidency
While Macron's time at Rothschild ended in 2012, the financial winds he rode during that time have undoubtedly informed his political career. Being able to fund his campaigns through personal wealth is a significant advantage in politics, and the financial success he achieved at Rothschild helped him navigate the early years of his political rise.
Conclusion
Emmanuel Macron's earnings at Rothschild were not just a matter of personal finance but a landmark in his journey to becoming the president of France. The high-profile deals and bonuses he received eventually contributed to his rise in politics, highlighting the important role that financial success in the private sector can play in attaining political power.