How much does President Erdogan earn?
With a monthly salary of the equivalent of 9,000 euros, the Turkish President’s annual income, born in Istanbul on February 26, 1954, is not even half as much as that of Angela Merkel. And yet his total assets are estimated at “only” 2.5 million euros, which of course raises questions, especially among his critics. According to Wirtschaftswoche, he had around 850,000 euros in his account in 2006. Astonishment also arises because real assets are added to that financial cushion. He is also said to have several Swiss bank accounts on which millions of euros are suspected.
That’s how rich Erdogan is
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 about quantifying the actual wealth. That could be, as experts estimated, over 150 million euros.
According to Wirtschaftswoche, his assets included two pieces of land in 2006, which, together with the 850,000 euros in his account, made a total of over a million. All in all, he is multiple millionaires. With an annual income of around 108,000 euros, this is not possible. 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 business or company owners. Such practices are also accused of Erdogan by his political opponents.
It is important to understand that the Turkish President cleverly disguises his wealth and sometimes hoards it through his sons. So she doesn’t need 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 has received a 30-year lease for the TURGEV 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. There was also talk of 30 million euros at that time, which could not yet be dissolved. Bilal Erdogan is said to have also transferred funds to IS and thus transferred millions for cheap oil and, conversely, earned.
- The eldest daughter Esra Erdogan sits on the board of the dubious TURGEV Foundation.
- The youngest daughter Sumeyye Erdogan: Works as a political advisor for her father and is probably financed by government funds.
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 place where he was trained – should fundamentally shape his view of the world and 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, i.e., the desire for more virtue in society, which once 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 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, 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 on the side 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 about 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 beats for that party’s religious-conservative politics. Numerous bans and regulations within Istanbul were the results. For example, he established a ban on alcohol in city restaurants and women’s beaches so that women and men could bathe separately and school buses separated by gender.
Although this policy may sound rather daunting to a European, his office and quick and efficient action helped him gain a reputation among the population. Because above all, when it comes to the administrative work (infrastructure, etc.), Erdogan was particularly skilled.
Another very successful period followed in the successor party called the Welfare Party. 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 party, the AKP. However, he did not found this alone, but together with the Virtue Party’s former comrades.
The orientation of the AKP is just as controversial as Erdogan’s political orientation. Both are trying to build a bridge between the religious-conservative voters on the one hand and the more secularly secular voters and the military. Between the military and the AKP or Erdogan, there has been deep mistrust for years because Erdogan’s opponents repeatedly accuse him of striving for an Islamic state.
According to his statements, he is a follower of Sharia law, particularly displeasing to the liberal youth in large cities such as Ankara and Istanbul. Islam’s law forbids many things that are part of young people’s everyday lives in the already strongly westernized Turkey. At the same time, its followers strive to establish it as generally applicable state law, as is the case, with restrictions in the United Arab Emirates.
From Prime Minister to President of Turkey
This deep distrust between the military and Erdogan led to his imprisonment in 1998 due to one of his speeches, which ended a year later. This imprisonment was supposed to be a political disadvantage for Erdogan. In 2002, when his party won the election, he was not allowed to accept the head of the state’s office 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 today, namely, only around 3,500 euros a month, according to an article in the Berliner Zeitung, while former Chancellor Gerhard Schröder received around 15,000 euros per month on his account at the time. The AKP is still responsible for the country’s government to this day.
On August 28, 2014, Erdogan officially became the country’s most powerful man. 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.