MercoPress, en Español

Montevideo, November 15th 2018 - 16:47 UTC

Brazil's acting president 7-year old son already has an estate of US$ 570.000

Tuesday, May 31st 2016 - 07:07 UTC
Full article 2 comments
Estado de Sao Paulo revealed that Little Michel owns two offices in a luxury building which also houses daddy Big Michel’s political office. Estado de Sao Paulo revealed that Little Michel owns two offices in a luxury building which also houses daddy Big Michel’s political office.
The estate is estimated to be worth US$570,000. Each property is 196 square-meters and is located in a rich neighborhood of São Paulo. Not bad for a 7-year-old. The estate is estimated to be worth US$570,000. Each property is 196 square-meters and is located in a rich neighborhood of São Paulo. Not bad for a 7-year-old.

Little Michel, the 7-year-old son of Brazil’s Acting President Michel Temer, has already proven he is far more mature than his years might suggest. A few weeks ago, he was responsible for choosing the new government's logo – when he saw it, he said “pretty.” Now, we know that the wunderkind has a few investments of his own.

 Brazilian newspaper Estado de Sao Paulo revealed that Little Michel owns two offices in a luxury building which also houses daddy Big Michel’s political office. The estate is estimated to be worth US$570,000. Each property is 196 square-meters and is located in a rich neighborhood of São Paulo. Not bad for a 7-year-old.

Michel Temer’s press secretaries stress that by no means is this a strategy to hide his assets (in Brazil, politicians who run from office are obligated by the law to disclose their patrimony). It was only a way to anticipate Little Michel’s inheritance – something he had done in the past with his other children. But the President’s team conveniently failed to mention which other estate it was referring to, or when those transfer operations took place.

According to the newspaper, Temer’s estate more than doubled between 2006, when he last ran for Congress, and 2014, his second term serving as Dilma Rousseff’s running mate for president. Ten years ago, he declared a US$650,000 patrimony to Brazil’s electoral justice. In 2014, his estate had more than doubled – adding up to US$2.14 million. That is, without including precocious Little Michel’s properties.

Categories: Politics, Brazil.

Top Comments

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  • Brasileiro

    It seems that the Mercopress is changing its editorial line to more reliable standards.

    Political right parties as PSDB, DEM, PMDB, PP and PR are corrupt acutely. I would say that does not escape a single honest politician in the right hordes.

    The only political parties that really fight corruption and give freedom to the Federation officers in fighting it are left, such as PT, PCdoB and PSOL.

    The Congress and the judiciary in Brazil want to exchange an honest president and legitimately elected by a corrupt politician right-wing parties.

    CIRO 2018
    LULA 2018

    May 31st, 2016 - 09:37 am 0
  • Hepatia

    Once again we see this British government run propaganda site attacking American meritocracy. This young boy has shown initiative and thrift by saving his allowance. Why, with a real here and a real there any 7 year old can accumulate an estate of R$2M in only three or for hundred years!

    Jun 01st, 2016 - 01:48 am 0
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