Overview

• Le Canard Enchaîné alleged that Lombard declared a Morbihan villa at €600,000 despite a 2004 purchase price of €1.8 million and over €1 million in renovations, while local agents estimate its market value at €3.5 million to €4 million.
• The Economy Ministry explained that Lombard holds only 50% of the villa and retains usufruct rights, resulting in a lower valuation under HATVP guidelines.
• A 2020 Paris apartment acquired for €2.8 million was declared at €1.4 million for the same reason of partial ownership under the official calculation method.
• Lombard’s family firm, Halmahera, distributed €6 million in annual dividends despite reporting no clients, a structure the ministry says reflects its role as an investment holding via Greenstock.
• The HATVP disclosures place Lombard’s total declared wealth at €21 million—making him the second-wealthiest member of François Bayrou’s cabinet—and underscore significant wealth disparities among ministers.