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maltatoday Property Naxxar, Hamrun, St Julian’s (all 50%), Birzebbugia (25%), grave Investments [all unquantified] UBS Luxembourg Equity Fund, UBS Strategy Fund, UBS Money Market Fund, UBS Equity Fund USD Deposits BOV €9,454, HSBC €10,354 Income in 2014 €58,152 Property Zabbar, Birkirkara, Madliena, Kiev (Ukraine), land in Bristol Investments 25% Sapmac Co. Ltd, Spouse’s shares in Kiev companies, Raifissen Bank Ukraine, LES Cosulting Consortium, Ukraine Deposits €84,000, Spouse’s €115,00, $412,000 Income for 2014 Ministerial salary €58,665, Rental income €14,400 Loans €445,219 Property Qormi, Luqa, Xaghra, Middlesex (UK) Deposits HSBC €26,390; HSBC UK £621 Income in 2014 Ministerial salary €56,605 Loans HSBC €146,956, personal loan €8,234, Maxi- credit €12,857 Property Marsaskala, Zejtun, Valletta (all 50%) Deposits €2,000 Income in 2014 Ministerial salary €58,152, legal income €5,349, forgone university income for law lectures Loans €78,181 The Cabinet ‘rich-list’ Property Naxxar Investments Applied Economics Consulting Ltd - 1,000 shares; CWG plc 20,000 sahres (through AEC), €327,000 government bonds Deposits €488,000 Income in 2014 Ministerial salary €59,022, Lecturing emoluments €8,437, Dividends, interest, pensions €121,051 Edward Scicluna €1,003,510 €738,364 Joseph Muscat Property Burmarrad family home Deposits €75,000 Income in 2014 €64,847 PRIME MINISTER €139,844 Property Lija, Birkirkara, Nadur, and Valletta legal office Investments BOV plc 3,358 shares, Govt stocks €45,000 Deposits €115,000 Income for 2014 Ministerial salary €58,152, rental income €9,167 Loans HSBC €121,000 €179,042 Edward Zammit Lewis Property Marsascala, Zabbar Investments 99% Pada Buildings, 50% Elcar Developments, 50% PR Co Ltd, 33% Blacktop Ltd; 50%, 71 Strait Street Co. Ltd, 33% Parklands Ltd; 50% Carters Supermarkets; 33% Tadar; 100% Pada Shipping Ltd, [in liquidation] 50% CJP Tarmac and PD Construction Deposits HSBC current €8,518, fixed €477, BOV current €731, savings €440, fixed €6,873 Income for 2014 Ministerial salary €58,666, University income €5,502 €81,207 Helena Dalli €639,065 Chris Cardona Property St Julian’s Investments MSV Single Premium €9,000, MSV Bond €30,557, BOV bonds €6,500, MGS 2022 €9,551, MGS 2020 €8,000, Tumas bonds €7,500, Farsons €800, BOV 2019 bonds €6,500, HSBC bonds €5,200, Spouse’s MSE stocks €15,359 Deposits BOV €24,922, Spouse’s BOV account €24,549 Visa debit €11,741 Income for 2014 Ministerial salary €58,665, Pensions, €29,413 Leo Brincat €218,375 Ministerial declarations quantified according to bank deposits, shares on the MSE, spousal declarations. Loan debts are not included in overall ‘worth’ since value of immovable property is never quantified. Property Sliema, St Paul’s Bay, Mosta, Valletta, Lija, Zejtun Investments Nominee portfolio €583.77 Deposits HSBC €174,000, Banif €125,000; Spouse’s HSBC a/c €6,000 & HSBC foreign $9,000 Income for 2014 Ministerial salary €61,990, bank interest €9,730, rental income €3,000 €388,303 José Herrera Konrad Mizzi Property Sliema apartment, London (UK) house Investments MIA 4,000 shares Deposits €310,279 Income for 2014 €76,000 €399,679 Loans €329,816 €65,501 Michael Falzon Property Iklin, Bahrija land Investments Middlesea 4,000 shares, BOV 7,146 shares Deposits BOV accounts GBP98,547, €18,505, €390,000 (inc. €260,000 BOV early retirement), €78,217 Income for 2014 Ministerial salary €53,966, BOV €39,695 Loans €21,776 Property Apartment and office Dingli, office in Rabat, other property to be converted into residential unit, agricultural parcel of land Deposits BOV €14,000 Income in 2014 €56,605 Loan €223,439 €70,695 €83,865 Property St Julian’s, Valletta Investments D’Aniens Developments Ltd 24,900 shares Deposits €55,005 Income in 2014 Ministerial salary €56,605 Loan HSBC €82,900, o/d €6,651, BOV o/d €494 €111,610 Property San Lawrenz Deposits Joint a/c €66,042 Income in 2014 Ministerial salary, MPs’honorarium €47,750, Legal income €7,621 Loans Home €62,196 €121,413 Property Tarxien home, garage, land at Bir id-Deheb Investments Island Hotels €9,300, Eagle Star €9,000, Govt stocks €51,247, BOV Lifelink €29,590, HSBC bonds €8,600, Eurobonds €188,250 and £33,042 Deposits €133,837, £3,030 Income in 2014 €88,000 [undefined] Loans €3,600 €568,420 Property Swieqi and Zebbug Investments BOV 17,866 shares; MSV Life Flexplan €47,527; 1999 Ltd 500 shares; MSV Life single premium €82,831; Vilhena Bond Fund €103,520; Middlesea Insurance 2,500 ordinary shares; FEV Electronic Ltd 400 shares (dormant); BOV plc 12,720 subordinated bonds 2020 Deposits Current accounts - €8,985, Savings - €57,448, Fixed deposits - €74,032, BOV fidda account - €20,000 Income for 2012 MEP pension €12,070, Voluntary pension €17,453, Govt pension €12,342, Ministerial salary €58,666 €540,544 Louis Grech €340,000 Property Zejtun, Marsakala, family grave Investments Government bonds €198,117, Various bonds €127,201, RBS €22,000, BOV shares 3,301, Farsons shares 672 [and 6,314 belonging to spouse] and interes- free €65,000 loan to family member Deposits €16,583 Income for 2014 Ministerial salary €58,685, Contrib. pension €5,976, Treasury pension €29,495, Spouse’s rental income €5,149 George Vella Property Kalkara (housing estate), family grave Deposits HSBC o/d €7,000, HSBC current a/c €9,901 Income in 2014 Ministerial salary €58,665, Pension €9,459 €85,026 Loans HSBC €35,710 Property Zejtun, Marsaskala (12%) Investments Spouse’s BOV shares 603, spouse’s Crystal Finance securities €21,860 Deposits HSBC savings €13,572, fixed €1,443, Spouse €6,622 Income in 2014 Ministerial salary €61,188, HSBC employment €9,287 Loans €20,923 €115,358 Anton Refalo Property 14 properties in Victoria, Gwardamangia, Marsalforn, Xlendi, Gharb, Zebbug, Xewkija, and Qala Deposits HSBC €3,949 Income for 2014 Ministerial salary €58,214, Spouse’s salary €20,095, legal fees incoming €7,400, Rental incomes €13,000, property sale €23,300 Loans €781,200 paid at €2,250 monthly €126,458 Property Residential home Bormla Investments 50% Sunjoy Ltd Deposits BOV €28,420, Banif €7,500, BOV Visa €7,000, HSBC Visa €7,000 Income in 2014 Ministerial salary €47,758, Marina Confectionary net profit €6,683 Loans HSBC o/d €6,000, car loan €4,421 Property Residential home acquired through loan Deposits APS €270, HSBC €3,005, current a/c €4,732 Income in 2014 Ministerial salary €58,665, University of Malta €3,413, Bank interest €6 €70,091 Carmelo Abela Chris Agius €104,361 Justyne Caruana Stefan Buontempo Joe Mizzi Roderick Galdes Ian Borg Evarist Bartolo Michael Farrugia ? €77,960 Owen Bonnici Chris Fearne

maltatoday The Cabinet ‘rich-list’content.maltatoday.com.mt/ui/files/Cabinet rich-list 2014...€58,665, University of Malta €3,413, Bank interest €6 €70,091 Carmelo Abela

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Page 1: maltatoday The Cabinet ‘rich-list’content.maltatoday.com.mt/ui/files/Cabinet rich-list 2014...€58,665, University of Malta €3,413, Bank interest €6 €70,091 Carmelo Abela

maltatoday

Property Naxxar, Hamrun, St Julian’s (all 50%), Birzebbugia (25%), grave Investments

[all unquantified]

UBS Luxembourg Equity Fund, UBS Strategy Fund, UBS Money Market Fund, UBS Equity Fund USD Deposits BOV €9,454, HSBC €10,354Income in 2014 €58,152

Property Zabbar,Birkirkara, Madliena, Kiev (Ukraine), land in BristolInvestments 25% Sapmac Co. Ltd, Spouse’s shares

in Kiev companies, Raifissen Bank Ukraine,

LES Cosulting Consortium, Ukraine

Deposits €84,000, Spouse’s €115,00, $412,000Income for 2014 Ministerial salary €58,665, Rental income €14,400

Loans €445,219

Property Qormi, Luqa, Xaghra, Middlesex (UK) Deposits HSBC €26,390; HSBC UK £621Income in 2014 Ministerial salary €56,605Loans HSBC €146,956, personal loan €8,234, Maxi-credit €12,857

Property Marsaskala, Zejtun, Valletta (all 50%)Deposits €2,000 Income in 2014 Ministerial salary €58,152, legal income €5,349, forgone university income for law lecturesLoans €78,181

The Cabinet ‘rich-list’Property

NaxxarInvestments

Applied Economics Consulting Ltd - 1,000 shares; CWG plc 20,000 sahres (through

AEC), €327,000 government bondsDeposits€488,000

Income in 2014Ministerial salary €59,022, Lecturing

emoluments €8,437, Dividends, interest, pensions €121,051

Edward Scicluna

€1,003,510 €738,364

Joseph Muscat

PropertyBurmarrad family homeDeposits€75,000Income in 2014€64,847

PRIME MINISTER

€139,844Property

Lija, Birkirkara, Nadur, and Valletta legal office

InvestmentsBOV plc 3,358 shares, Govt

stocks €45,000Deposits €115,000

Income for 2014Ministerial salary €58,152,

rental income €9,167

Loans HSBC €121,000

€179,042

Edward Zammit Lewis

PropertyMarsascala, ZabbarInvestments99% Pada Buildings, 50% Elcar Developments, 50% PR Co Ltd, 33% Blacktop Ltd; 50%, 71 Strait Street Co. Ltd, 33% Parklands Ltd; 50% Carters Supermarkets; 33% Tadar; 100% Pada Shipping Ltd, [in liquidation] 50% CJP Tarmac and PD ConstructionDepositsHSBC current €8,518, fixed €477, BOV current €731, savings €440, fixed €6,873Income for 2014Ministerial salary €58,666, University income €5,502

€81,207

Helena Dalli

€639,065

Chris Cardona

PropertySt Julian’s

InvestmentsMSV Single Premium

€9,000, MSV Bond €30,557, BOV bonds

€6,500, MGS 2022 €9,551, MGS 2020 €8,000,

Tumas bonds €7,500, Farsons €800, BOV 2019

bonds €6,500, HSBC bonds €5,200, Spouse’s MSE stocks

€15,359Deposits BOV €24,922, Spouse’s

BOV account €24,549 Visa debit €11,741Income for 2014 Ministerial salary €58,665,

Pensions, €29,413

LeoBrincat

€218,375

Ministerial declarations quantified according to bank deposits, shares on the MSE, spousal declarations. Loan debts are not included in overall ‘worth’ since value of immovable property is never quantified.

PropertySliema, St Paul’s Bay, Mosta, Valletta, Lija, ZejtunInvestments

Nominee portfolio €583.77Deposits

HSBC €174,000, Banif €125,000; Spouse’s HSBC a/c €6,000 & HSBC foreign $9,000Income for 2014Ministerial salary €61,990, bank interest €9,730, rental income €3,000

€388,303

José Herrera

Konrad Mizzi

PropertySliema apartment, London (UK) houseInvestmentsMIA 4,000 sharesDeposits€310,279Income for 2014€76,000

€399,679

Loans€329,816

€65,501

MichaelFalzon

PropertyIklin, Bahrija landInvestmentsMiddlesea 4,000 shares, BOV 7,146 sharesDepositsBOV accounts GBP98,547, €18,505, €390,000 (inc. €260,000 BOV early retirement), €78,217Income for 2014Ministerial salary €53,966, BOV €39,695

Loans €21,776

Property Apartment and office Dingli, office in Rabat, other property to be converted into residential unit, agricultural parcel of landDeposits BOV €14,000Income in 2014 €56,605Loan €223,439€70,695

€83,865

Property St Julian’s, Valletta Investments D’Aniens Developments Ltd 24,900 shares Deposits €55,005Income in 2014 Ministerial salary €56,605Loan HSBC €82,900, o/d €6,651, BOV o/d €494

€111,610

Property San LawrenzDeposits Joint a/c €66,042Income in 2014Ministerial salary, MPs’honorarium €47,750, Legal income €7,621

Loans Home €62,196

€121,413

PropertyTarxien home, garage, land at Bir id-Deheb

InvestmentsIsland Hotels €9,300, Eagle Star €9,000,

Govt stocks €51,247, BOV Lifelink €29,590, HSBC bonds €8,600, Eurobonds €188,250 and

£33,042Deposits

€133,837, £3,030Income in 2014

€88,000 [undefined]

Loans €3,600

€568,420Property

Swieqi and ZebbugInvestments

BOV 17,866 shares; MSV Life Flexplan €47,527; 1999 Ltd 500 shares; MSV Life single premium €82,831; Vilhena Bond Fund €103,520;

Middlesea Insurance 2,500 ordinary shares;

FEV Electronic Ltd 400 shares (dormant); BOV plc

12,720 subordinated bonds 2020Deposits Current accounts - €8,985, Savings - €57,448, Fixed deposits - €74,032, BOV fidda account - €20,000Income for 2012 MEP pension €12,070, Voluntary pension €17,453, Govt pension €12,342, Ministerial salary €58,666

€540,544

Louis Grech

€340,000

PropertyZejtun,

Marsakala, family grave

InvestmentsGovernment bonds

€198,117, Various bonds €127,201, RBS €22,000, BOV shares 3,301, Farsons shares 672 [and 6,314 belonging to spouse] and interes-free €65,000 loan to family memberDeposits €16,583Income for 2014 Ministerial salary €58,685, Contrib. pension €5,976, Treasury pension €29,495, Spouse’s rental income €5,149

George Vella

Property Kalkara (housing estate),

family grave Deposits HSBC o/d €7,000, HSBC

current a/c €9,901Income in 2014

Ministerial salary €58,665, Pension

€9,459

€85,026

Loans HSBC €35,710

Property Zejtun, Marsaskala (12%)Investments Spouse’s BOV shares 603, spouse’s Crystal Finance securities €21,860Deposits HSBC savings €13,572, fixed €1,443, Spouse €6,622Income in 2014Ministerial salary €61,188, HSBC employment €9,287Loans €20,923

€115,358

Anton Refalo

Property14 properties in Victoria, Gwardamangia, Marsalforn, Xlendi, Gharb, Zebbug, Xewkija, and QalaDepositsHSBC €3,949Income for 2014Ministerial salary €58,214, Spouse’s salary €20,095, legal fees incoming €7,400, Rental incomes €13,000, property sale €23,300

Loans €781,200 paid at €2,250 monthly

€126,458

Property Residential home BormlaInvestments 50% Sunjoy Ltd

Deposits BOV €28,420, Banif €7,500,

BOV Visa €7,000, HSBC Visa €7,000Income in 2014 Ministerial salary €47,758, Marina Confectionary net profit €6,683

Loans HSBC o/d €6,000, car loan €4,421

Property Residential home acquired through loanDeposits APS €270, HSBC €3,005, current a/c €4,732Income in 2014 Ministerial salary €58,665, University of Malta €3,413, Bank interest €6

€70,091

CarmeloAbela

Chris Agius

€104,361

Justyne Caruana Stefan

Buontempo

Joe Mizzi

Roderick Galdes

Ian Borg

Evarist Bartolo

Michael Farrugia

? €77,960

Owen Bonnici

ChrisFearne