MercoPress. South Atlantic News Agency

Argentine president declared assets valued in 8.6 million dollars

The family home in El Calafate where the former president died

Argentine President Cristina Fernandez has assets of almost 40 million Argentine Pesos according to her latest income statement before the Anti Corruption office. This includes the 31 million inherited from her late husband Nestor Kirchner who died in October 2010.

In US dollars and at the official exchange rate the 39.572.589 Pesos amount to 8.6 million, and 6.2 million at the parallel market rate.

The 31 million Argentine Pesos inherited from her late husband include properties, assets, companies and debts. The other 31 million went to her two children Florencia and Maximo. The long list of assets from the deceased president includes 28 real estate properties and plots at the very valuable resort of El Calafate plus 50% of the family home where Nestor Kirchner died located in the same town.

Companies are the most profitable: 49% of shares from Hotesur which manages the five star Alto Calafate Hotel are valued at 7.2 million Pesos. Another hotel company, Los Sauces SA which manages a boutique-hotel with the same name in El Calafate and where the president holds a 45% stake is worth 2.3 million Pesos.

Cristina Fernandez also declared bank accounts totalling 16.7 million Pesos which includes the 3.2 million dollars she exchanged into Argentine currency as an example for her cabinet members. The sum is deposited at the Banco Nacion, However half of the sum belongs to the two children.

Rents from all the properties in the province of Santa Cruz totalled last year almost 4 million Pesos to which must be added the interest returns on bank deposits of almost 2.49 million Pesos.

To this must be added her annual salary as president equivalent to 331.809 Pesos plus the pension from her deceased husband and former president which amounts to 420.048 Pesos.