Javier Milei Net Worth: How Rich Is the Argentina's Controversial President

Argentina President, Javier Milei, inaugurated his term with a striking move-devaluing the Argentine peso by 50% against the US dollar to curb hyperinflation.

This decision, aimed at cutting public spending, has led to rising prices for goods like oil and dairy products.

Javier Milei, a former economist turned politician, plans to slash $20 billion, a quarter of the budget, and achieve budget balance by 2024.

As the nation grapples with financial challenges, questions arise about Javier Milei net worth and the impact of his economic policies.

Javier Milei's Early Life and Career

Born on October 22, 1970, in Buenos Aires, Argentina, Javier Milei, from a middle-class background, developed a keen interest in economics and politics early on, paving the way for his career, according to Right Rasta.

He holds a degree and a Ph.D. in economics from the University of Buenos Aires.

Javier Milei's diverse career includes roles as chief economist for Máxima AFJP, head economist at Estudio Broda, and a government consultant at the International Centre for Settlement of Investment Disputes.

As the director of Economic Studies at Fundación Acordar since 2012, he has actively contributed to national think tanks and global economic platforms like B20 and the World Economic Forum.

With a strong focus on economic growth, Javier Milei, a seasoned professor, teaches various economic disciplines in Argentina and abroad.

Having authored nine books and nearly fifty scholarly papers, he brings academic depth to his pursuits. His association with Corporación América, where he served as chief economist for fifteen years, underscores his private sector experience.

Since 2016, Milei has blended Austrian School economics with monetarism concepts, praising Ben Bernanke. Beyond academia, he hosts "Demoliendo mitos," a radio show featuring figures like Gustavo Lazzari and Pablo Torres Barthe.

However, Argentina President Javier Milei's career has not been without controversy; his critique of the University of Buenos Aires Economics School as a "Marxist indoctrination center" stirred debates about ideological influences in academia.

Javier Milei Net Worth

Javier Milei's diverse professional engagements, coupled with his roles as a guest speaker and contributor to academic and journalistic articles, have contributed to his accumulated net worth.

As per his sworn statement submitted to the Argentine Anti-Corruption Office, Javier Milei net worth stands at 21 million Argentine pesos, per AS.

It is important to note that this figure translates to approximately 57,000 dollars before the currency devaluation, but in the current economic context, it equates to about 25,000 dollars.

In addition to his net worth, Milei holds savings comprising approximately 20,000 in US currency and one million in the national currency.

Notably, this data reflects a notable 64% increase compared to Milei's initial financial disclosure as a deputy two years ago.

Javier Milei's material assets further contribute to his overall estate.

Among these assets is a 1,100-square-foot apartment located in the City of Buenos Aires, valued at six million pesos (equivalent to about 15,000 dollars before the devaluation).

Additionally, Milei owns two vehicles: a Mercedes Benz Sprinter van and a Peugeot Rcz Coupé.

Lastly, it's worth mentioning that Argentina President Javier Milei has a credit amounting to two million pesos (approximately $2,500 after devaluation) classified under retained earnings.

This article is owned by Latin Post.

Written by: Bert Hoover

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