• Germany edition
 
SPD candidate earned €1.25 million on the side
Photo: DPA

SPD candidate earned €1.25 million on the side

Published: 30 Oct 2012 08:55 GMT+01:00
Updated: 30 Oct 2012 08:55 GMT+01:00

The chancellor candidate earned a total of €1.25 million from 89 speaking engagements since he left office as Merkel's finance minister in 2009, the Bild newspaper revealed ahead of Tuesday's announcement.

He earned an average of €14,065 per speech, the paper said, with fees for individual speeches ranging from €1,000 to €25,000. Adjusted for a 48.5 percent tax rate, that left him with an average of €7,314 per speech.

In some cases, Steinbrück also donated the fee to social projects, including the Catholic charity "Tafel Monheim", the family counselling service "Pro Familia", and a jazz museum.

Steinbrück also gave 237 unpaid speeches during that period, at schools, the SPD's political foundation Friedrich-Ebert-Stiftung, and in some charities.

These fees come on top of his salary as an MP in the Bundestag which amounts to €7,960 a month plus expenses. As a former state secretary, former minister in two different states, former state premier of North Rhine-Westphalia, and former federal finance minister, he is also entitled to a number of different pensions, amounting to around €1,800 a month, pension experts estimate.

The disclosure of his exact income comes after a row erupted in parliament over his earnings, and a debate about how much MPs should be allowed to earn on the side.

The government coalition recently announced a reform in the bracketing structure by which MPs' incomes are revealed, but fell short of imposing full disclosure.

The Local/bk

The Local (news@thelocal.de)

Don't miss...X
Left Right

Your comments about this article

10:06 October 30, 2012 by lucksi
Good thing he doesn't have to say who bribed, erm sorry, sponsored, him with those lucrative speaking opportunities.

And sure, being on some boards of directors with several companies and getting paid 5 figure sums for speeches is not influencing any of our politicians. Who would ever dare to think that? Not me of course.
11:08 October 30, 2012 by raandy
He did pay taxes according to the article.He donated some earning to charity and 230+ free speeches and he appears to be transparent about what his income was.

Considering what top exces get paid ,his income from speeches is not that decadent.

Given the same opportunity to generate this kind of income, most would do the same.
11:40 October 30, 2012 by gorongoza
Compare this story with those of tax dodgers who sent their loot to Switzerland and the other little state.
16:31 October 30, 2012 by neunElf
A true champagne socialist!
Today's headlines
Have Your Say
Should Germany legalize cannabis?
Photo: DPA

Should Germany legalize cannabis?

A New York Times editorial on Sunday called for the US to drop its ban on marijuana, calling the strongly-worded law a "laughing stock". Should Germany follow the US states of Colorado and Washington and legalize recreational use of the drug? READ  

Cows kill German dog walker in Austria
File Photo: DPA

Cows kill German dog walker in Austria

A 45-year-old German woman died when she was attacked by a herd of 20 cows and calves on Monday afternoon on an Alpine pasture in Tyrol's Stubaital valley. READ  

Knut goes on display in Berlin museum
Knut's new home in Berlin's Natural History Museum. Photo: DPA

Knut goes on display in Berlin museum

Germany’s favourite polar bear Knut is set to pull in the crowds again - but this time from a display case. More than three years after his death, his real fur has been used to create a new Knut for a museum exhibition. READ  

And the winner of the EU single market is...
German incomes are higher thanks to the EU. Photo: DPA

And the winner of the EU single market is...

Germany and Denmark came out as the winners of the European Union's single market in a study released on Monday. Integrating economically with its neighbours has helped the German economy grow an average of €37 billion a year since 1992. READ  

Synagogue attacked, rabbi gets death threats
Police check the outside of a synagogue in Wuppertal for evidence of arson on Tuesday. Photo: DPA

Synagogue attacked, rabbi gets death threats

A wave of anti-Semitism in Germany, unleashed by the Gaza crisis, shows no sign of abating. A synagogue was attacked on Tuesday morning, a rabbi received death threats and anti-Jewish comments online have increased. Attacks on mosques have also risen. READ  

UBS pays Germany €300m in tax fight
Photo: DPA

UBS pays Germany €300m in tax fight

Top Swiss bank UBS settled a long-running legal dispute with Germany on Tuesday by agreeing to pay a fine of €300 million. Germany suspects UBS of having helped account holders hide millions from the taxman. READ  

Two die as heavy rain and floods hits west
Münster was one of the areas worst hit by Monday night's heavy rain. Photo: DPA

Two die as heavy rain and floods hits west

UPDATE: A man drowned in his cellar on Monday night as heavy rain battered parts of north-western Germany. A second man died when he tried to drive through a flooded street. The emergency services were in places overwhelmed by hundreds of calls. There are further weather warnings in place for Tuesday. READ  

EU to hit Russia with tough sanctions
Merkel has finally lost patience with Putin. Photo: DPA

EU to hit Russia with tough sanctions

The EU is set to agree a raft of new wide-ranging sanctions against Russia on Tuesday, after Germany changed its stance on upping the economic pressure on Russian President Vladimir Putin over the Ukraine crisis. READ  

'Mad professor' to swim length of Rhine
Professor Andreas Fath, 49, in training along the Rhine in Baden-Württemberg in June. Photo: DPA

'Mad professor' to swim length of Rhine

German chemistry professor Andreas Fath started on Monday a gruelling four-week solo swim down the Rhine river for the benefit of science and the environment. READ  

Unfair advantage for one-legged long jumper?
Markus Rehm became German champion on Saturday. Photo: DPA

Unfair advantage for one-legged long jumper?

Paralympics gold medallist Markus Rehm triumphed over his non-disabled rivals on Saturday, winning the German long jump championship. But athletics officials are now reviewing whether his prosthetic leg gave him an unfair advantage. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: DPA
Education
Germany's students fail to graduate in time
Photo: DPA
Gallery
Hamburg harbour lit up in blue
Business & Money
JobTalk: 'Application process is failing'
Photo: Bundesarchiv/Bild 183-S45825
Culture
Germany puts 700,000 WWI docs online
Photo: DPA
Society
This man wants to give all of us €12,000 a year
Photo: DPA
Education
Top university switches master's courses to English
instagram.com/gotzemario
Gallery
Germany's World Cup stars share their holiday photos
Travel
Plans unveiled for bike trail along former Iron Curtain
Photo: DPA
Gallery
The Local List: 12 best words in German
Photo: DPA
Gallery
German Bucket List: How many of these can you tick off?
Photo: Europeana.de 1914 - 1918
Gallery
A German soldier's life behind WWI lines
Education
Raising the bar for law & business in Germany
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
Photo: DPA
Features
The Local List Archive - Your guide to all things German
National
Share news tips with The Local Germany
Sponsored Article
Bilingual school turning education on its head
Sponsored Article
CurrencyFair: Why it pays when making overseas transfers
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,227
jobs available
Toytown Germany
Germany's English-speaking crowd