There are nineteen millionaires in the government, richer than in 2017

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The presence of many millionaires in Emmanuel Macron’s first government caused a lot of ink to flow in 2017. Five years later, the trend only increased: Elizabeth Bourne’s was found to have at least nineteen out of forty-one members. 1 with declarations of government interests and assets published on Thursdayer Dec. by the Supreme Body for Transparency in Public Life (HATVP).

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According to their calculations The world, Borne government ministers have an average net worth of €1.9 million – €1.5 million after debts are deducted. This puts them in the top 10% of the richest French people in most cases and is higher than the average of Edouard Philippe’s government in 2017.

Riester is the richest, Dupond-Moretti has the largest income

The richest member of the current government is Frank Riester, the 48-year-old minister responsible for parliamentary relations, who is worth about €11 million. At the other end of the spectrum, Charlotte Cable, the 50-year-old Secretary of State for Children, has less than €30,000.

Financial situation of ministers

According to ministers’ personal declarations of assets and income to the Supreme Authority for Transparency of Public Life (HATVP).

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Amounts are rounded to the nearest euro. Ministers do not always fill in important details (gross or net resources, before or after taxes). In the absence of inaccuracy, we interpret the amounts as, by default, net of reported income before taxes.

The income Elisabeth Borne and her ministers have amassed over the past five years also puts them well above the French living standard, averaging €11,000 a month or €135,000 a year (net). .

In particular, the Minister of Justice Eric Dupond-Moretti received a total of more than 3 million euros in salary in five years, especially in the period before he came to government (2020). copyrights of books and theatrical performances. He is closely followed by Sports Minister Amélie Oudéa-Castera, who has amassed nearly €3 million over five years thanks to executive positions at Axa, Carrefour and the French Tennis Federation.

The situation of ministers compared to the French

The comparison of the candidates’ property and financial situation with the rest of the French population is calculated based on declarations published by the HATVP and data from the World Inequality Database (WID).

This chart ranks the wealth and income of ministers from 0 to 100. This scale divides the population into one hundred equal parts (called centiles), from the poorest French people to the richest French people. For example, the top 10% is the bottom ten percent. On the other hand, being in the poorest 5% puts you in the top five percent. The black center lines represent the median, meaning 50% of French are above and 50% are below.

A government of entrepreneurs

According to the analysis of The world, more than half (52%) of ministers’ assets are in real estate. With three exceptions – Gabriel Attal (public accounts), Charlotte Caubel and Hervé Berville (naval) – all members of the government own at least one apartment or house. The record in this area belongs to Dominic Faure, the minister responsible for local authorities and agriculture, who owns five houses, two flats and agricultural land with his family.

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