Particle.news

Download on the App Store

Milei Cabinet’s Asset Declarations Reveal Most Wealth Held Abroad

Official filings show half of the ministers report greater fortunes overseas under fiscal valuations that likely mask true market wealth.

Overview

  • Foreign Affairs Minister Gerardo Werthein leads with 92,056 million pesos in assets, 65% of which are held outside Argentina.
  • Justice Minister Mariano Cúneo Libarona declared 18,000 million pesos in 2024, a 47% rise from 2023 with roughly 80% located abroad.
  • Economy Minister Luis “Toto” Caputo reported 11,800 million pesos, marking a 137% year-on-year increase driven by overseas accounts and investments.
  • Four of the eight cabinet members now hold more assets in foreign accounts and properties than in Argentina.
  • All declarations use state-assigned fiscal valuations that are well below market prices, suggesting actual wealth may be substantially understated.