• 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
Glass memorial honours Nazi disabled victims
Floral tributes were laid on Tuesday at the new Holocaust memorial in Berlin. Photo: DPA

Glass memorial honours Nazi disabled victims

A 24-metre blue glass wall in Berlin has been unveiled to commemorate the systematic murder of up to 300,000 mentally ill and disabled people under Adolf Hitler. READ  

Germany to help with Mediterranean refugees
Migrants aboard an Italian navy patrol vessel in April 2014. Photo: DPA

Germany to help with Mediterranean refugees

Interior Minister Thomas de Maizière on Tuesday pledged support for his Italian colleague in the struggle to manage refugees trying to reach the European Union via its southern coast. READ  

Ice bucket challenge raises €500,000 in a week
Elephant Nelly takes part in the ice bucket challenge in a Lower Saxony safari park. Photo: DPA

Ice bucket challenge raises €500,000 in a week

The coffers of the German Society for Muscular Disease (DGM) are overflowing with donations thanks to the viral craze for videos of donors dousing themselves with ice-cold water. READ  

Russian-German school opens in teeth of conflict
The GRIAT will open in the Russian city of Kazan. Photo: Shutterstock

Russian-German school opens in teeth of conflict

The German Academic Exchange Service (DAAD) is pressing ahead with its German-Russian Institute of Advanced Technologies (GRIAT) against a backdrop of international tensions over Ukraine. READ  

Schweinsteiger is new Germany captain: Löw
Photo: DPA

Schweinsteiger is new Germany captain: Löw

Bastian Schweinsteiger will replace fellow Bayern Munich player Philipp Lahm as captain of the German national football team, head trainer Joachim Löw said on Tuesday. READ  

Munich minister resigns in 'model car scandal'
Christine Haderthauer at her resignation press conference in Munich on Monday. Photo: DPA

Munich minister resigns in 'model car scandal'

Christine Haderthauer, head of the Bavarian state chancery, resigned “with immediate effect” on Monday evening over the so-called “model car scandal” in which her company sold scale models built by a man convicted of three sexual murders. READ  

Russia 'severed' from Europe: President Gauck
President Gauck stands shoulder to shoulder with President Komorowski of Poland in Gdansk on Monday. Photo: DPA

Russia 'severed' from Europe: President Gauck

Russia has "effectively severed its partnership" with Europe and wants to establish a new order, German President Joachim Gauck said on Monday. READ  

National Uber ban is revenge of the taxis
Taxis are a powerful trade lobby in Germany. Photo: DPA

National Uber ban is revenge of the taxis

The Frankfurt regional court has imposed a temporary nationwide ban on chauffeur car service Uber, saying that it must pay a €250,000 fine if passengers continue to book rides through its app. READ  

Sex party 'desecrates' Bavarian royal spa
The facade of the Bad Reichenhall Royal Spa Hotel.

Sex party 'desecrates' Bavarian royal spa

The Bavarian finance ministry has demanded a report from the company running a publicly-owned spa in the town of Bad Reichenhall after they rented the property out for a fetish party. READ  

Merkel details Iraq arms shipment to MPs
Angela Merkel addressing the Bundestag on Monday as her ministers look on. Photo: DPA

Merkel details Iraq arms shipment to MPs

UPDATE: Chancellor Angela Merkel addressed the Bundestag on Monday to explain her government's decision to send weapons to Iraqi Kurds fighting terrorist group Isis. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Sponsored Article
Bilingual education from nursery to graduation at Phorms
Photo: Shutterstock
Gallery
Ten of the oddest things found by German border control
Photo: Gerkan, Marg and Partners/Tegel Projekt GmbH/J. Mayer
Berlin
How will Berlin look in five years' time?
Photo: DPA
Culture
Sprechen Sie Deutsch? 10 reasons why you should
Photo: DPA
Gallery
The best of Berlin's mayor Klaus Wowereit in 14 pictures
Photo: DPA
Politics
Germany sends burgers and sausages to Kurds
Photo: Matthias Kock
National
Tribes, ties and a movie: A German's Afghan life
Photo: DPA
Gallery
10 things to do before summer in Germany is really over
Photo: DPA
Gallery
The mysteries of Berlin's abandoned theme park
Photo: Europeana.de 1914 - 1918
Gallery
A German soldier's life behind WWI lines
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
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

3,412
jobs available
Toytown Germany
Germany's English-speaking crowd