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Christine Lagarde’s pay is 50% higher than disclosed by ECB

Europe’s top central banker earns almost four times more than Fed chair Jay Powell, FT analysis shows

European Central Bank president Christine Lagarde’s full pay is more than 50 per cent higher than her disclosed salary, according to a Financial Times analysis. 

The head of Europe’s monetary authority earned a total of about €726,000 in 2024, according to the FT’s calculations, some 56 per cent higher than the “basic” salary of €466,000 disclosed by the ECB in its annual report.

This means Lagarde earns nearly four times more than the chair of the US Federal Reserve, Jay Powell, whose salary is set by federal US law and is currently capped at $203,000 (€172,720).

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