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Uruguay president's wealth: 23-year-old VW Beetle
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| Contributor | Patrick |
| Last Edited | Patrick Jun 04, 2010 10:14pm |
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| Category | News |
| News Date | Saturday, June 5, 2010 04:00:00 AM UTC0:0 |
| Description | Uruguay's new president may be one of the world's poorest sitting leaders: Jose Mujica formally declared that his entire wealth amounts to a 1987 Volkswagen Beetle.
The 23-year-old car is valued at about $1,900. Since the former leftist guerrilla leader has no bank accounts or other assets and put his small flower farm in his wife's name, the car is all he owns, according to his sworn declaration, which appeared in Thursday's official bulletin.
Mujica's only reported income is his presidential salary, about $11,000 a month. He gives 20 percent of this to his political movement. |
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