Monday, 14 September 2026

Who bankrolled Hitler's rise to power?

 


So who bankrolled Hitler’s march to power in 1930s Germany? The answer is – the filthy rich.

In the early 1930s, the Nazis were facing financial ruin, with Goebbels saying their situation was ‘hopeless’. Then in stepped the bosses of two leading industrial companies - arms manufacturer Krupp and I G Farben, which would make the poison gas used in the Nazi gas chambers. They appear to have been impressed by Hitler’s promise to get rid of trade unions and communists.

Together they raised 3 million Deutschmarks (worth about £22 million today) for the Nazis, and by the end of 1933, Hitler was Chancellor and I G Farben alone had donated about 4.5 million DM (c £33 million). Leading figures in both companies would be tried at Nuremburg and convicted of using slave labour among other crimes.

Hitler was quite keen on building up a personal fortune. As early as 1925 he used party funds to buy himself a luxury Mercedes, with a personal chauffeur. He made a lot of money from his book Mein Kampf, helped by Germany’s practice of giving it to newly married couples as a wedding present, but the Fuhrer was not enthusiastic about paying taxes, and quickly got himself declared exempt.

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