About
Walter Scheel was a German statesman who served as the Federal Minister of Economic Cooperation and Development and later as President of Germany. A member of the Free Democratic Party of Germany (FDP), he played a crucial role in shaping West Germany's foreign policy. Scheel was a key figure in the Ostpolitik initiative, which sought to normalize relations with Eastern European countries. He led the FDP from 1968 to 1974.
Career Timeline
Federal Minister Appointment
Scheel becomes Federal Minister of Economic Cooperation, boosting his profile.
FDP Chairman
Leading the FDP increases his political influence and network.
Foreign Minister & Ostpolitik Architect
Key role in Ostpolitik normalizes relations with Eastern Europe, enhancing his reputation.
President of Germany
Elevated to the presidency, the highest office in Germany.
End of Presidential Term
Leaves office, remains influential in political circles.
Death
Passing away, leaving behind a legacy in German politics. His net worth is estimated at $5 million.
Legacy Remembered
Remembered for his role in shaping West Germany's foreign policy and Ostpolitik initiative.
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Last updated: February 25, 2026