Gerhard Schröder Highest-Paid Politician in the World

Gerhard Schröder
Gerhard Schröder led People With Money’s annual list of the “100 highest paid politicians” released on Friday.

It's been a rough year for the politician, but at least he has his millions of dollars to ease the pain. 80-year-old Gerhard Schröder has taken the No. 1 spot on People With Money’s top 10 highest-paid politicians for 2024 with an estimated $75 million in combined earnings.

UPDATE 25/05/2024 : This story seems to be false. (read more)

Gerhard Schröder tops annual list of highest-paid politicians

In 2021 it looked like the politician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Friday (May 24) that Schröder is the highest-paid politician in the world, pulling in an astonishing $75 million between April 2023 and April 2024, a nearly $40 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The German politician has an estimated net worth of $215 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Schröder Burger” chain) in Berlin, a Football Team (the “Mossenberg Angels”), has launched his own brand of Vodka (Pure Wonderschröder - Germany), and is tackling the juniors market with a top-selling perfume (With Love from Gerhard) and a fashion line called “Gerhard Schröder Seduction”.

The ranking is significant for many Gerhard fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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