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Edward Gierek

Edward Gierek

D
Business
Birthday
January 6, 1913
Died
January 1, 2001
Age
87
Net Worth
$1M

About

Edward Gierek was a Polish communist politician who held significant power in the Polish People's Republic. He served as the de facto leader of Poland from 1970 to 1980, replacing Władysław Gomułka as the First Secretary of the Polish United Workers' Party (PZPR). Gierek's leadership was characterized by efforts to modernize Poland's economy and improve living standards through increased foreign borrowing and investment.

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Career Timeline

1954F$0.01M

Returns to Poland from Belgium

Returns to Poland from France and Belgium, beginning his rise in the Communist Party.

1970B▲▲▲$0.1M+$0.09000000000000001M

Becomes First Secretary of PZPR

Replaces Gomułka, promising economic improvements.

1975B$0.2M+$0.1M

Peak of Power and Influence

Gierek's economic policies lead to a temporary rise in living standards.

1980C$0.15M-$0.05000000000000002M

Removed from Power

Mounting debt and social unrest lead to his removal as First Secretary.

1981D$0.1M-$0.04999999999999999M

Expelled from the PZPR

Gierek is formally expelled from the party he once led.

2001D$1M+$0.9M

Edward Gierek Dies

Gierek dies, remembered for his economic policies and their consequences.

2026D$1M

Legacy of Economic Experiment

Gierek's legacy is marked by the ambitious attempt to modernize Poland, but also by the debt crisis.

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Last updated: February 25, 2026