|Net Worth:||$20 Million|
|Date of Birth:||April 7, 1944 (78 years old)|
|Profession:||Jurist, Politician, Lawyer|
What is Gerhard Schröder net worth? How does Gerhard Schröder make his money? Below is the current net worth of Gerhard Schröder and how Gerhard Schröder makes his money.
What is Gerhard Schröder’s Net Worth?
Gerhard Schröder is a German politician who has a net worth of $20 million. He is a German lobbyist and former politician. From 1998 to 2005, he served as the chancellor of Germany. He was also the Leader of the Social Democratic Party of Germany (SPD) from 1999 to 2004. He led a coalition government of the SPD and Alliance 90/The Greens.
Gerhard Schröder was born in Mossenberg, Germany on 7 April 1944. Schröder secured entrance to a university in 1966. He studied law at the University of Gottingen from 1966 to 1971. He passed his second law examination in 1976, and e subsequently worked as a lawyer until 1990.
In 1963, Schröder joined the Social Democratic Party. He became the federal chairman of the Young Socialist in 1978, the youth organization of the SPD. He spoke for the dissident Rudolf Bahro as did President Wolf Biermann, Jimmy Carter, and Herbert Marcuse.
Schröder also became a member of the board of the federal SPD. In 1997 and 1998, he served as President of the Bundesrat following his election in 1990. He was also chairman of Lower Saxonian SPD between 1994 to 1998.
During his tenure in office, first in coalition with the environmentalist Green Party, then with a clear majority, Lower Saxony was one of the most deficit-ridden of Germany’s sixteen federal states and unemployment rose higher than the national average of twelve percent.
Schröder became the chancellor as head of an SPD-Green coalition. Schröder resigned as chairman of the SPD amid growing criticism from across his own party of his reform agenda in February 2004.
Schröder announced that he would not take a post in the new cabinet on 11 October 2005 and, in November, he confirmed that he would leave politics as soon as Merkel took office. He resigned his Bundestag seat on 23 November 2005.
Schröder persuaded members of the SPD to stand for the proposed coalition, saying it “carries unmistakably, perhaps primarily, the imprint of the Social Democrats at a SPD conference in Karlsruhe on 14 November 2005.
During Schröder’s time in office, economic growth slowed to only 0.2% in 2002 and Gross Domestic Product shrank in 2003, while German unemployment was over the 10% mark. Schröder attempted to rid Germany of nuclear power and study renewable energy sources as a chancellor. He is the present Chairman of the board at Nord Stream AG and Rosneft.
Schröder has married five times, of recent to his current wife, Soyeon Kim. He has two children.
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