Which Borne government minister has the biggest wealth?
The minister responsible for parliamentary relations is Frank Riester, who owns the largest public assets with a fortune of more than 10 million euros.
What do the ministers of Elisabeth Borne’s government have? This Thursday, December 1, the Supreme Authority for the Transparency of Public Life (HATVP) made public the declarations of assets and interests of ministers required by law since the 2013 Cahuzac case.
While the legacy of former Minister Caroline Cayeux, whose expenditure is disputed by HATVP, is not published on the site, it allows the legacy of 41 members of the Bornean government (Prime Minister, Ministers, Deputy Ministers and Secretaries of State) to be recorded. significant differences in situations.
So it is not Bruno Le Maire who has the most important legacy on Bercy’s side. According to our calculations, the total assets and investments of the Minister of Economy No. 2 in the protocol order of the government is 294,958 euros. This heritage consists of a 310 m² house in the Basque Country of which only 16% is SCI (declared market value €150,000), various accounts and financial investments totaling €119,994 and paintings and furniture. total amount of 25,000 euros.
Budget Minister Gabriel Attal has a greater legacy. In April 2016, the son of lawyer and film producer Yv Attal, who died in 2015, took out life insurance for a total of 1.46 million euros. He has more than 61,000 euros in his current account, and about 70,000 euros in PEL. Thus, the total amount of Gabriel Attal’s financial assets is 1.59 million euros, which makes the 33-year-old minister one of the richest in the government. On the other hand, he has no real estate, and in 2017 he took out a loan with a penalty of 670 thousand euros, and he still had to return the capital according to his declaration.
Low liquidity for Olivier Veran
If Gabriel Attal has only financial assets, government spokesman Olivier Veran’s is the complete opposite. If the total property of the former health minister is 861,702 euros, it is actually real estate: the bare ownership of the house in Var (600,000 euros), 36% of SCI (230,000 euros) and two cars (Renault and Citroën) totaling 27,000 euros . On the other hand, the former neurologist has self-declared “total” financial assets of €4,702, including €4,600 in current accounts and €102 in LDD and passbook.
According to the anecdote, some ministers declared current accounts in debit. So Marlène Schiappa is in the red for €52 on one of her current accounts, Gerald Darmani owes €691 and Armed Forces Minister Sébastien Lecornu has revealed that he has a current account of up to €2,370.
20 millionaires in the government
2 ministers in the government are also millionaires. Apart from Gabriel Attal, it is the case of Elisabeth Borne (€1.67 million). The former president of RATP owns two apartments in Paris and Hauts-de-Seine with a total value of 1.29 million euros and various financial investments.
Agnès Pannier-Runacher’s legacy is even greater. With a total of 2.68 million euros, it consists of two Paris apartments, life insurance and various financial investments. But keep in mind that the energy minister is putting a lot of money in his current account. He holds one with lender Société Générale for €516,000 and another with Axa Banque, which he owns for €87,450.
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However, Agnès Pannier-Runacher is not the minister with the most important legacy. Justice Minister Eric Dupond-Moretti announces a total inheritance of more than 4.5 million euros (net inheritance of 3.41 million if we deduct his debts, including consumer loans of 9,333 euros). For the former lawyer, mainly real estate inheritance (2.5 million euros), as well as many different movable assets such as a Rolex Daytona watch (13,000 euros), Journe (25,000 euros) and many vehicles, such as two Harley Davidson motorcycles. (total €41,815) or 2007 Bentley (€55,000).
More than 10 million euros for Frank Riester
Other important assets include Sylvie Retailleau (€3.83 million in total assets) and Laurence Boone. The latter, the secretary of state for Europe, owns, among other things, apartments in Paris, life insurance, Axa stock options totaling €3.71 million. Bank of America’s former chief European economist Merrill Lynch he does not owe this inheritance.
Sports Minister Amélie Oudéa-Castera is at the helm of one of the most important legacies of the Bornean government. Former CEO of the French Tennis Federation, wife of Frédéric Oudéan, managing director of Société Générale until May 2023, has 6.48 million euros in debt-free assets, in particular real estate assets of 960,000 euros (10%) 469 m² house in Paris) , as well as significant financial investments, including 2.8 million in securities accounts and 2.35 million in life insurance.
Less well known, Agnes Firmin-Le Bodeau, representative of the Minister of Health and Prevention, owns one of the government’s most important financial assets. This pharmacy pharmacist has about €3 million in life insurance, €766,000 in various financial investments, including professional assets of around €940,000, with total assets of €6,037 million (and net assets of €5.88 million).
Among the biggest assets are Roland Lescure, minister representative for industry (€5.02 million in total assets), Stanislas Guerini, Minister of Transformation and Public Service (€3.94 million) or, again, Jean-Noël, Minister of Digital Transition and Telecommunications. Barrot (€3.89 million)
But it is Frank Riester who has the most important legacy of government. The minister responsible for relations with the parliament headed the Riester group, which was founded by his grandfather, who owned numerous car dealerships. At the head of this holding, which achieved a turnover of close to 75 million euros in 2020, he amassed a total inheritance worth 10.24 million euros, consisting of 3.85 million real estate assets and, above all, more than 6 million euros of shares in Riester SAS. .
Average total assets of €1.87 million
On average, according to our calculations, government members have an average net worth of €1.87 million and a net worth of €1.54 million. Still, on average, real estate accounts for about 52% of this inheritance, compared to 40% for financial investments and current accounts, and 8% for other goods (cars, watches, paintings, etc.).
Charlotte Caubel (€29,996 total inheritance) and Isabelle Rome (€253,135) stand out on the side of the weakest legacies, followed by Bruno Le Maire (€294,958).
It should also be noted that 4 members of the government have negative net worth. In other words, their debts are greater than the value of their assets. This is the work of Carole Grandjaan, Representative of the Minister of Vocational Education and Training (-24,141 euros), Minister of Solidarity Jean-Christophe Combe (-60,537 euros), Minister of Equality between Women and Men Isabelle Roman (-62,956 euros). ) and Minister of the Armed Forces Sébastien Lecornu (-67,079 euros).
Computer graphics: Jean-Louis Dell’Oro (data processing) and Theophile Magoria (graphics and formatting)