How much does a President of the Republic earn? This is the question answered The Official Journal, relayed by AFP on December 9, 2021. Emmanuel Macron received 1.07 million euros in income between the start of his term at the Elysee Palace and December 31, 2021, according to his declaration of the president’s patrimonial situation. The majority of the income of the Head of State comes from the allowances he receives as an elected official.
The former Minister of the Economy of François Hollande also received nearly 35,000 euros in capital gains on securities and real estate although he did not declare owning any real estate during his term of office. The Chairman also has life insurance in the amount of 113,412 euros, several current accounts and numerous savings products (Sustainable development booklet, Housing savings plan, etc.). Regarding his liabilities, Emmanuel Macron still has to repay nearly 127,000 euros of a loan taken out in 2011 from Crédit Mutuel. The debt has almost halved since its last declaration of assets (246,000 euros to be repaid in March 2017).
The President, who is at the twilight of his five-year term, is required to send to the Constitutional Council this declaration of financial situation at the end of his mandate “between six and five months before the expiry of his mandate, on May 13, 2022“, explained the Elysee on Thursday.”As part of the 2022 presidential election, the High Authority (for the transparency of public life, HATVP) will publish by January 2022 an opinion on the change in the assets of the President of the Republic during his mandate“, added the Presidential Palace.
In an October 2014 declaration of interests, Brigitte Macron’s husband indicated that he had received, as a member of the Rothschild bank and then as Deputy Secretary General of the Presidency of the Republic, “€ 3.3 million in pre-tax income“, from 2009 until his entry into government as Minister of the Economy in August 2014, according to the Anticor association.
LCI compares the heritage of its predecessors: “François Hollande had declared to have real estate worth 1.2 million euros and to have no stock market value or miscellaneous collection in 2012. As for Nicolas Sarkozy, he declared in 2012 a heritage of about 2.7 million euros, consisting mainly of life insurance contracts.“