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maltatoday

The Cabinet rich-list

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.

1,003,510

738,364

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

540,544

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]

Chris
Fearne

Loans 3,600

Louis
Grech

340,000

388,303
Property
Sliema, St Pauls Bay,
Mosta, Valletta, Lija,
Zejtun
Investments
Jos Herrera
Nominee portfolio 583.77
Deposits
HSBC 174,000, Banif
125,000; Spouses HSBC a/c 6,000
& HSBC foreign $9,000
Income for 2014
Ministerial salary 61,990, bank
interest 9,730, rental income
3,000

George
Vella

179,042

Edward Zammit
Lewis

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 interesfree 65,000 loan to family member
Deposits 16,583
Income for 2014 Ministerial salary
58,685, Contrib. pension 5,976,
Treasury pension 29,495, Spouses
rental income 5,149

Loans HSBC 121,000

Justyne
Caruana

Ian Borg

70,695

Joseph
Muscat

Helena
Dalli

85,026
Joe
Mizzi

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

Loans 445,219

399,679

Konrad
Mizzi

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

Property
Burmarrad
family home
Deposits
75,000
Income in
2014
64,847

126,458

Property
14 properties in Victoria, Gwardamangia,
Marsalforn, Xlendi, Gharb, Zebbug, Xewkija,
and Qala
Deposits
HSBC 3,949
Income for 2014
Ministerial salary 58,214, Spouses salary
20,095, legal fees incoming 7,400, Rental
incomes 13,000, property sale 23,300

Carmelo
Abela

Stefan
Buontempo

111,610

Loans 781,200 paid at 2,250 monthly

83,865

Roderick
Galdes

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, Maxicredit 12,857

70,091

Evarist
Bartolo

Loans
329,816

Property
St Julians
Investments
MSV Single Premium
9,000, MSV Bond
30,557, BOV bonds
6,500, MGS 2022
9,551, MGS 2020 8,000,
Leo
Tumas bonds 7,500,
Farsons 800, BOV 2019
Brincat
bonds 6,500, HSBC bonds
5,200, Spouses MSE stocks
15,359
Deposits BOV 24,922, Spouses
BOV account 24,549 Visa debit 11,741
Income for 2014 Ministerial salary 58,665,
Pensions, 29,413

Anton Refalo

Loans Home 62,196

Property
Sliema apartment,
London (UK) house
Investments
MIA 4,000 shares
Deposits
310,279
Income for 2014
76,000

218,375

PRIME MINISTER

139,844

Property Zabbar,
Birkirkara, Madliena,
Kiev (Ukraine), land
in Bristol
Investments 25%
Sapmac Co. Ltd,
Spouses shares
Chris
in Kiev companies,
Raifissen Bank Ukraine,
Cardona
LES Cosulting Consortium,
Ukraine
Deposits 84,000, Spouses
115,00, $412,000
Income for 2014 Ministerial salary
58,665, Rental income 14,400

115,358

Property San Lawrenz


Deposits Joint a/c 66,042
Income in 2014
Ministerial salary,
MPshonorarium 47,750,
Legal income 7,621

81,207 Property

Loans HSBC o/d 6,000, car


loan 4,421

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
Loans HSBC 35,710

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

121,413

104,361
Property Residential
home Bormla
Investments 50%
Chris
Sunjoy Ltd
Agius
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

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

Michael
Falzon

568,420

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

639,065

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

Owen
Bonnici

65,501

Property Zejtun, Marsaskala


(12%)
Investments Spouses BOV
shares 603, spouses 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
Property St Julians, Valletta
Investments DAniens
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

? 77,960
Property Naxxar,
Hamrun,
St Julians
(all 50%),
Birzebbugia
(25%), grave
Michael
Investments
Farrugia
[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 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

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