Economy

Bodyguard salary: this is how much a billionaire’s security advisor earns

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When the former Formula 1 boss Bernie Ecclestone (90) was attacked and robbed on the street, the billionaire stood in front of a camera shortly afterwards with a battered face. He used the photo to advertise the manufacturer of his stolen watch. The slogan: “See what people do for a Hublot.”

In Germany, too, pictures of the super-rich have become known after they have been victims of a crime. The last published photo of the now deceased Aldi founder Theo Albrecht comes from 1971. On that day, kidnappers released him after 17 days of imprisonment for a ransom of seven million marks. Like the Albrechts, many billionaires in this country have sealed themselves off since then, sparing no expense in buying a piece of security.

NewsABC.net shows what the security advisor contracted for one of the richest German families in 2019. In the four-page paper, the expert is referred to as the “consultant”, the entrepreneur’s wife as the “client”. According to the preamble, the man is an experienced expert in the field of “security” and most recently managing director of a security company.

The tasks are first briefly described in Section 1. “The consultant supports the client as required in the areas of risk management, crisis management, security matters, personal protection, property protection including video, intrusion and hold-up alarm systems as well as locking systems.” In addition, he carries out security analyzes, for example when traveling, initiates investigations in dangerous situations and, if necessary, carries out investigations “Special projects” through. What is meant by this is not described further. Only this much: “The consultant is free in the manner in which the services are carried out and not bound by instructions from the client.”

The security guard demands a manager’s salary for his potentially life-saving performance. “The flat-rate fee is 18,000 euros per month plus sales tax. It will not be adjusted during the fixed term of this contract ”, it says under Section 2.“ In view of the sensitivity of the consultant’s services, there is also agreement on the appropriateness of the flat-rate remuneration in the area of ​​the client’s personal security. ”For comparison: Facebook investing in America – Boss Mark Zuckerberg or Amazon founder Jeff Bezos paid tens of millions for their safety.

10,000 euros fee for signature and 1st class rail travel

In addition, the consultant demands the assumption of expenses and expenses for the use of additional personnel. “Costs for rail travel will be reimbursed for 1st class, for journeys made with the consultant’s own vehicle, € 0.50 / km will be reimbursed,” says the contract. “For air travel within Europe and with a duration of up to five hours, the costs for economy class are reimbursed, for longer air travel business class.”

The consultant charges a fee of 10,000 euros just for signing the document. On the other hand, he undertakes “to maintain strict silence about all matters and processes that come to his knowledge in the course of his work, in particular business secrets and trade secrets, both with regard to the client, the owner family and the group of companies (…), and not to make them public to third parties and not to be used for purposes outside the contract. “

There is also a rule for the worst case scenario: “Regardless of the fixed term, in the event of the client’s death, the contract ends at the end of the month following the month of death. In this case, the remuneration for the remaining term of the contract will be paid in full to the consultant at the end of the third month following the death of the client. “

According to information from NewsABC.net, the security advisor is still working for the German entrepreneurial family today.

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