The same as in 2023. The President reported an asset of $54 million in his first sworn statement as head of the Executive

Javier Milei reported a net worth of $54 million in his first sworn statement as president. The president reported to the Anti-Corruption Office (OA) the same assets and real estate that he had presented in his last statement, when he was a national deputy.

Milei reported that her assets consist of a 100 square meter apartment in the City of Buenos Aires, valued at $6.6 million. In addition, he declared 2 used vehicles: a Mercedes Benz Sprinter truck, model 2015, and valued at $2.4 million, and a Peugeot Rcz Coupé, from 2013, valued at $3.6 million. Finally, he reported cash savings of $11 million and US$23 thousand.

Milei with Fátima Florez in her Peugeot Rcz Coupé, from 2013, valued at $3.6 million.Archive

So, The assets declared by the President are $54,762,270, 23, with assets and real estate in the country and none abroad.

All those who hold national positions – whether executive or legislative – must present their sworn declaration of assets to the Anti-Corruption Office (OA). In these declarations, applicants for positions and officials must detail their income and assets.

In his last sworn statement, as a national deputy, Milei had reported a net worth of $21.1 million, but it more than doubled due to inflation in the values ​​of some assets and the devaluation of the official dollar.

MIlei presented sworn declarations of public assets as a national deputy, as a presidential candidate and now as president.

In all three the assets coincide (an apartment and two used cars) and the amounts deposited in dollars do not vary, which are around 20,000 and which increase in the sworn statements since they are declared converted into pesos, due to the devaluation of the national currency. . Deposits in pesos are maintained in three savings banks in pesos.

During the electoral campaign, Milei raffled off his salary as a legislator by stating that he did not live off the State but on his other income, among which he mentioned talks and conferences that he said he received in dollars. Even as a legislator, he complained that assets are declared at the value they entered into the assets and that there is no need to make an adjustment for inflation.

Milei is single and his assets are declared one hundred percent in your name.

Affidavits: tax valuations and assets that are far from real

The sworn asset declarations submitted to the OA, to a large extent, do not represent the actual assets of the officials. The main reason for this distance between official documentation and reality is that properties and vehicles are declared at their fiscal value, that is, the price assigned by the State to collect taxes, and not at their market value. Law 26,857, which regulates the presentation of sworn statements, equates the information that must be presented to the OA with that presented to the AFIP.

The differences between both valuations (fiscal and market) are significant. The tax valuation is lower than the market valuation because provincial jurisdictions do not update property values ​​every year. For example, in the Province of Buenos Aires the law provides that the revaluation must be carried out “at least once every 10 years.”

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