October 24, 2014
MONTEVIDEO, Uruguay (AP) - 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
At 75 years old, Mujica is used to an austere lifestyle. Not so
his vice president, Danilo Astori, whose declared wealth of
$250,000 includes a house and car worth nearly 10 times Mujica's
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