Read about Luc Frieden net worth, age, wife, children, height, family, parents, salary and party as well as other information you need to know.
Introduction
Luc Frieden is a Luxembourgish politician and lawyer who serves as the 25th prime minister of Luxembourg since 2023. A member of the Christian Social People’s Party (CSV), he held numerous cabinet positions in the Luxembourgish government between 1998 and 2013, notably serving as the minister for the Treasury and Budget during the transition from the Franc to the Euro and as Minister of Finance during the European debt crisis. Frieden was president of the Luxembourgish Chamber of Commerce and Eurochambres, the business federation of European Chambers of Commerce and Industry.
In early 2023, he was elected to be the lead candidate of the CSV for the general elections in October. He led his party to victory, slightly increasing its vote share and maintaining its 21 seats, while the incumbent Bettel II Government lost its majority due to the decline of The Greens. Consequently, on 9 October 2023, he was appointed by Grand Duke Henri to form a government, and succeeded Xavier Bettel as Prime Minister on 17 November.
Early life
| Name | Luc Frieden |
| Net Worth | $5 million |
| Occupation | Politician |
| Age | 60 years |
| Height | 1.74m |
Luc Frieden was born on September 16, 1963 (age 60 years) in Esch-sur-Alzette, Luxembourg. He completed high school at the Athénée de Luxembourg and received thereafter an international university education in France, the UK and the US. He graduated in business law from Université Paris 1 Panthéon-Sorbonne. He obtained a master’s degree in comparative law from Queens’ College, Cambridge and a further Master of Laws from Harvard Law School.
Career
In 1994, Luc Frieden was elected to the Chamber of Deputies of Luxembourg for the Christian Democrats (CSV – EPP), becoming, at the age of thirty, the then youngest member of the House. While in Parliament, he chaired the Finance Committee as well as the Constitutional Committee and was a leading figure in the process leading to the establishment of a constitutional court and of independent administrative courts in Luxembourg.
In 1998, Luc Frieden became, at the age of thirty-four, Minister of Justice in the Government led by Prime Minister Jean-Claude Juncker. He also served as Minister of the Treasury and Budget from 1998 to 2009, as Minister of Defence from 2004 to 2006 and Minister of Finance from 2009 to 2013.
In the capacity of Minister for the Treasury and Budget, Frieden was responsible for the successful introduction of the euro as replacement for the Luxembourgish franc. During the Luxembourg Presidency of the Council of the European Union in 2005, he chaired the European Council of Ministers of Justice and Home Affairs (JHA).
As Minister of Finance he represented his country at the European Council of Ministers of Economic and Financial Affairs (ECOFIN) as well as at the Eurogroup and participated in the stabilization of the Eurozone and the shaping of the European banking union. For 15 years, Frieden served as Governor of the World Bank and acted as chairman of the Board of Governors of the International Monetary Fund and the World Bank Group in 2013.
Luc Frieden joined Deutsche Bank as Vice Chairman in September 2014. Based in London he advised the management board and senior management on strategic aspects related to international and European affairs. He also served as chairman of the supervisory board of Deutsche Bank Luxembourg. He left Deutsche Bank in early 2016.
Frieden has been a partner with the Luxembourgish law firm Elvinger Hoss Prussen since 2016. Between 2019 and 2023, he was also President of the Luxembourg Chamber of Commerce. In 2022, he also took over the Presidency of Eurochambres, the business federation of European Chambers of Commerce and Industry. Following his comeback to politics in 2023, Frieden announced that he would resign from all his professional activities.
He was elected to be the lead candidate of the Luxembourg Christian Social People’s Party (CSV) for the upcoming national general elections in October. He led the Christian Democrats to victory in the election, with 29.21% of the vote and 21 seats in the Chamber of Deputies. As the Gambia Coalition lost its majority, Frieden was invited by Grand Duke Henri to form a government on 9 October 2023.
He led coalition talks between the CSV and the Democratic Party (DP), and succeeded Xavier Bettel as Prime Minister on 17 November 2023. On 22 November 2023, Frieden presented his government’s program for the parliamentary term in the Chamber of Deputies. The cutting of red tape, digitalisation and modernisation were the three main concepts that stood out throughout Frieden’s speech.
His priorities include the massive recruitment of police officers and the development of video surveillance, the adoption of tax reform and an increased role for the private sector in healthcare. In 2013, Luxembourg’s investor-protection group ProtInvest sent a letter to European Commissioner for Internal Market Michel Barnier, in which it criticised Frieden’s decision to appoint his senior adviser Sarah Khabirpour to the board of the CSSF, the country’s financial regulator.
Wife
Luc Frieden is married to Marjolijne Drooglever-Fortuyn, they had their wedding in 1992. His wife is a Dutch-born lawyer and they first met while studying at Cambridge, in 1992. The couple has two children. Besides Luxembourgish, he speaks fluent English, German, French and has a good working knowledge of Dutch, his wife’s native language.
Luc Frieden net worth
How much is Luc Frieden worth? Luc Frieden net worth is estimated at around $5 million. His main source of income is from his primary work as a politician. Luc Frieden’s salary per month and other career earning are over $150,000 dollars annually. His remarkable achievements have earned him some luxurious lifestyles and some fancy cars trips. He is one of the richest and influential politicians in Luxembourg. He stands at an appealing height of 1.74m and has a good body weight which suits his personality.