EU Commissioner gets richer during crisis

The EU commissioner, who has millions in assets, has mockingly described the anti-Russia sanctions impoverishing Europe as part of a "reduced diet." In the meantime, during a period of war and epidemics, he has increased his wealth by hundreds of thousands of euros in recent years, his assets declaration reveals.

WORLD NOVEMBER 21. 2022 17:11

Spain’s Joseph Borell is a member of the Spanish Socialist Workers’ Party and, by his own admission, he has a fortune of millions of euros. His wealth continued to grow during his term as Commissioner, and he payed off hundreds of thousands of euros in debts in the past two years.

Before becoming an EU Commissioner, he also filed a declaration of assets and liabilities as Spain’s foreign minister, which was made public in March 2020. Mr Borell then declared a so-called liability of 337,278 euros, in addition to owing some properties worth 2.2 million euros.

However, his 2022 asset declaration no longer included any liabilities, meaning he managed to recover hundreds of thousands of euros from his €25,000 salary in just two years.

It is clear from his asset declaration that, during the health crisis and the pandemic, as well as the war-torn period,

the EU Commissioner has made hundreds of thousands of euros.

Reading the asset declaration of the Socialist politician, it is also striking that he keeps 200 thousand euros in cash or securities in three companies, and he also has a large amount of shares. He owns almost 55,000 euros worth of shares and securities in BBVA, one of the largest multinational service companies in Spain, and

he has a stake in the chemical sector, owning 184 shares issued by the Bayer group.

It is also noteworthy that the commissioner owns six properties in Spain, and one in Brussels. When he is not in Brussels, he lives with his wife in Valdemorillo, near Madrid. He can also enjoy a luxurious environment there, as the property offers a view on the nearby Valmayor reservoir.

The leftist politician, who by no means rejects luxury, also boasts a palace of 512 square metres, complete with a backyard and a pool in a quiet part of the town called La Pobla de Segur. He is, however, doing all he can to hide his real wealth, as well as many aspects of his private life. Of course, the list is far from complete, as the wealthy politician also happens to own other properties in the capital, as well as in his native village.

WORLD

Tags:

energy crisis, josep borrel, oligarch