Net Worth

Recep Tayyip Erdogan Net Worth and Salary

How much does President Erdogan earn?

With a Monthly salary of the equivalent of 9,000 euros The annual income of the Turkish President, who was born in Istanbul on February 26, 1954, is not even half as much as that of Angela Merkel. And yet will be Total assets estimated at “only” 2.5 million euroswhich of course raises questions, especially among his critics. According to Wirtschaftswoche, he should already be in In 2006 about 850,000 euros in his account have had. Astonishment also arises because real assets are to be added to that financial cushion. He is also said to have several Swiss bank accounts on which further millions of euros are suspected.

Erdogan is that rich

Recep Tayyip Erdogan's net worth
The exact fortune or the exact possession of Erdogan is not known and can only be estimated. But even here so many factors have to be taken into account, some of which are still inaccessible to the public, that it would be dubious to quantify the actual wealth. That could actually be, as experts estimated, over 150 million euros.

According to Wirtschaftswoche, two properties belonged to his property in 2006, which were shared with the 850,000 eurosthat were in his account at the time Total assets of over a million formed. All in all, he is a multiple millionaire. This is of course not possible with an annual income of around 108,000 euros. However, many heads of state have the opportunity to enrich themselves in the privatization of formerly state-owned companies by being elected to the supervisory board or by establishing close contacts with the economy or with company owners. Such practices are also accused of Erdogan by his political opponents.

It is important to understand that the Turkish President very cleverly disguises his wealth and sometimes hoards it through his sons. So it is not necessary for her to hoard hundreds of millions in his accounts. Erdogan’s actual fortune therefore lies in his own family, as his political supremacy has put his sons in top economic positions.

  • The eldest son Ahmet Burak Erdogan: Ahmet joined the sea freight business many years ago and now holds 99 percent of the MB shipping company. Ahmet’s net worth was estimated at approximately $ 80 million. How he got the money to join the shipping company is still questionable
  • The youngest son Necmettin Bilal Erdogan: Necemettin is said to be repeatedly involved in criminal activities. He is said to have received a 30-year lease for the TÜRGEV ​​association in Istanbul for 1.2 million US dollars. Property value: $ 230 million. The younger son was also involved in the 2013 telephone wiretapping scandal in which President Erdogan called his son and told him to take his money away. At that time there was also talk of 30 million euros, which could not yet be dissolved. Bilal Erdogan is also said to have transferred funds to IS and thus transferred millions for cheap oil and, conversely, earned.
  • The oldest daughter Ezra Erdogan: She sits on the board of the dubious TÜRGEV ​​Foundation.
  • The youngest daughter Sümeyye Erdogan: She works as a political advisor for her father and is probably financed by government money.

The rapid rise of Recep Tayyip Erdogan

Erdogan comes from an originally Georgian family who eventually immigrated to Turkey. As the son of a shipper, he grew up in modest circumstances in the equally modest Istanbul suburb of Kasimpasa. Even in his youth, his training – or rather the location of his training – should fundamentally shape his view of the world and thus his later political career. He attended the strongly religious Imam Hatip School, in which, in addition to the actual material, the fundamental virtues of Islam were taught, which Erdogan found fertile ground.

At the age of sixteen, Erdogan joins the youth department of the MNP. This now banned party was the National Order Party of Erbakan. The party program of that party consisted primarily of Islamic-moral content, ie the desire for more virtue in society, which one sought to achieve, among other things, through numerous bans and new social regulations. Furthermore, the state should regulate and control the economy to a large extent, in order to ensure that the virtues could also be established or re-established in all areas of public life. It was also believed that economic development could be promoted more centrally organized.

After the party was banned by the military a year later, Erbakan founded a successor party in 1972, which he called the National Salvation Party (MSP). This party was no less religiously conservative and in many areas the program overlapped with that of the previous party. Nevertheless, it was able to secure three government participation through coalition agreements before the military had banned all parties, including the MSP, in 1980. During the first time in that party, however, Erdogan did not earn much and worked alongside in smaller companies / companies.

Lord Mayor of the City of Istanbul

Nevertheless, Erdogan should go far within the party. In 1994 he became mayor of the city of Istanbul, a prestigious office and at the same time a traditionally sensible step with regard to the presidential candidacy.
Although many former members of the MNP were imprisoned, Erdogan proved during his time as mayor of Istanbul that his heart still beat for the religious-conservative politics of that party. Numerous bans and regulations within Istanbul were the result. So he established one Alcohol ban in urban restaurants, Women’s beaches, so that women and men could swim separately, and school buses separated by gender.
Although this policy may sound daunting to a European, his office and his quick and efficient action helped him to gain a reputation among the population. Because above all, when it comes to the administrative work of a mayor (infrastructure, etc.), Erdogan was particularly skilled.

Recep Tayyip Erdogan salary
Another and very successful period followed in the successor party called the Welfare Party, in which he even belonged to the leadership group, but which was also banned a decade later. After a short interlude in the Virtue Party, he finally decided in 2001 to found his own party, the AKP. However, he did not found this alone, but together with former comrades of the Virtue Party.
the The orientation of the AKP is just as controversial as Erdogan’s political orientation. Both try to build a bridge between the religious-conservative voters on the one hand and the more secularly secular voters and the military. For years, there has been deep mistrust between the military and the AKP or Erdogan, because Erdogan’s opponents repeatedly accuse him of striving for an Islamic state.
According to his own statements, he himself is a follower of Sharia law, which is particularly displeasing to the liberal youth in large cities such as Ankara and Istanbul. As the law of Islam, it forbids many things that are part of the everyday life of young people in the already strongly westernized Turkey, while its followers strive to establish it as a generally applicable state law, as is the case, for example, to a limited extent in the United Arab Emirates.

From Prime Minister to President of Turkey

This deep distrust between the military and Erdogan already has 1998 to his imprisonment as a result of one of his speeches, which ended a year later. This imprisonment was supposed to be a political disadvantage for Erdogan, because in 2002, when his party won the election, he was not allowed to accept the office of head of state because the imprisonment also resulted in a political ban. However, a constitutional amendment quickly enabled him to govern himself – and no longer through his deputy. In the early years, his salary as Turkish Prime Minister was much less than it is today, according to an article in the Berliner Zeitung around 3,500 euros a month, while former Chancellor Gerhard Schröder received about 15,000 euros per month transferred to his account at that time. The AKP is still responsible for government in the country to this day.

On August 28, 2014, Erdogan officially became the most powerful man in the country. He was sworn in as the new President of Turkey. Erdogan’s official salary is EUR 9,000 per month. That is 108,000 euros a year.

Image sources:
Insidefoto / PR Photos

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