How rich is Martin Schulz?

Name: Martin Schulz

Born: December 20, 1955

Occupation: Politician and entrepreneur

Martin Schulz, fair use

Martin Schulz, fair use

Martin Schulz was born on December 20, 1955 in Hehlrath, West Germany. He is the son of Clara Schulz, a member of the Christian Democratic Union, and Albert Schulz, a local policeman. He has four siblings.

Martin attended the Heilig-Geist Holy Spirit gymnasium, a private Roman Catholic high school. During his teenage years, he studied in France as part of a school exchange program. He eventually left school because he could not pass the 11th grade.

He is presently married to Inge Schulz and has two children. His family currently resides in Leipzig.

Prior to entering politics, Martin worked as a bookseller for four years. He was employed by several publishing houses and bookshops. This ended when he became an alcoholic and attempted to commit suicide in 1980. After a successful stint in rehab, Martin launched his own bookshop in 1982.

In 1984, Martin was elected to the Wurselen Municipal Council and would later be elected as mayor of North Rhine-Westphalia. In 1994, Martin was elected to the European Parliament as a member of the Social Democratic Party of Germany. By 2012, he was elected as president of the European Parliament – he served two terms in this capacity. He confirmed in 2016 that he would step down from the European Parliament and return to German politics.

In January 2017, Martin was selected to lead the Social Democrats in a bid to become chancellor in the September 2017 federal election. The polls suggest a statistical tie between Martin and Angela Merkel.

Identified as a socialist since his youth, Martin supports a wide array of pro-government policies. Some of his positions consist of: enhancing the power of the European Union (EU), increasing the EU military, supporting government intervention into the labor market and opposing relationships with Russia and Israel.

Martin has faced a number of controversies during his extensive political career. Some of his biggest controversies occurred during his time as head of the European Parliament, when reports found that Martin charged the European taxpayers for two limousines, an usher and 35 aides. Many critics were also displeased over his tax-free daily allowance of €304 in addition to his lucrative €200,000 salary.

We estimate that Martin Schulz’s net worth is $1.41 million (2017).

So how much is $1.41 million really?

$1.41 million can pay for a part of the salary for all of Martin’s 35 aides. $1.41 million can also cover the cost of Martin Schulz’s Germany chancellorship campaign.

 

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