161M In Assets, $15M In Income…Holness’ Statutory Declaration Now Public
Published:Friday | August 9, 2019 | 5:37 PM
Prime Minister Andrew Holness – File photo.
The long-awaited statutory declaration of Prime Minister Andrew Holness shows that he and his family had an income of $15,569,477.41, assets totalling $161,254,055.89 and total liabilities of $22,218,182.61.
They also declared US$8,125 in income, US$28,272.11 in total assets and zero liability in US dollar.
The summary report was gazette today, a copy was which was obtained by The Gleaner.
The report covers the financial health of Holness and his family for January 1, 2018 to December 31, 2018.
Holness and his wife Juliet are both members of parliament.
ASSETS
In 2016 when the current parliament was formed, Holness was receiving a basic salary of $7.3 million as prime minister.
He was entitled to $1.2 million in travel allowance although he drives in a fully maintained Land Rover vehicle for official duties.
The Gleaner could not verify whether he still collected the travel allowance.
As for Juliet Holness, the member of parliament for East Rural St Andrew, a backbencher, she collects nearly 3.5 million per year.
According to the data published, Holness declared another $474, 421.84 as “other income’.
Together, Holness’ total income was declared to be $15,569,447.41.
According to the document, Holness and his family had assets of over $161 million with $125,674,523.00 being listed under the category “Real Estate Mortgages, Receivables and Business Investment.”
There was $1,163,244.47 being held in saving accounts and $16,338,970.46 being held in savings.
The prime minister also declared that $10,642,081.92 was being held in securities and another seven million was declared under real estate.
Some $435,236.04 was also declared under accounts receivable.
Liabilities
Meanwhile, the document also showed that Holness has over $22 million in liabilities.
A breakdown of the figures revealed that the prime minister declared $1,949,102.34 in Real Estate Mortgage.
There was also a listing of “Other Accounts Payable” which amounted to $20,269,080.27.
US Dollar Holdings
The summary declaration disclosed that Holness declared a total US dollar income of $8,125.00 for the period.
The prime minister also declared that US$28,272.11 was being held in savings accounts.
The Holness family did not declare any hard currency liabilities.
The gazetted document said, inter alia, “The Integrity Commission herby certifies that the statutory declaration submitted by the declarant has been examined and is satisfied that a full declaration has been made in accordance with provision of the Act.”
In 2007, Holness had assets valuing $7.1 million and US$473,000.
In February 2016, Holness released data showing he had assets which totalled $99 million and US$415,000, mainly made up of the value of his newly constructed house, including the US$300,000 cost of the property.
His liabilities had ballooned to $34.4 million in 2016 coming from $3.4 million in 2007.
FULL DECLARATION
$JMD DECLARATIONS
Income
Salary $15,095,055.57
Realty Income $0.00
Security Income $0.00
Other income $474,421.84
Assets
Savings $1,163,244.47
Current Account $16,338,970.46
Securities $10,642,081.92
Real Estate $7,000,000.00
Other Personal Property $169,948.92
Real Estate Mortgages, Receivables, and Business Investments $125,674,523.00
Accounts Receivables $435,236.04
Automobiles $0.00
Cash Value of Life $0.00
Liabilities
Real Estate Mortgages $1,949,102.34
Notes Payable (Secured) $0.00
Notes Payable (Unsecured) $0.00
Other Accounts Payable $20,269,080.27
Total Income: $15,569,477.41
Total Assets: $161,254,055.89
US$ DECLARATIONS
Income
Salary US$0.00
Realty Income US$0.00
Security Income US$0.00
Other income US$8,125.00
Assets
Savings US$28,272.11
Current Account US$0.00
Securities US$0.00
Real Estate US$0.00
Other Personal Property US$0.00
Real Estate Mortgages, Receivables, and Business Investments US$0.00
Account Receivables US$0.00
Automobiles US$0.00
Cash Value of Life US$0.00
Liabilities
Real Estate Mortgages US$0.00
Notes Payable (Secured) US$0.00
Notes Payable (Unsecured) US$0.00
Other Accounts Payable US$0.00
Total Income: US$8125.00
Total Assets: US$28,272.11
We want to hear from you! S
anyone who believes this faux declaration would be dumb and clueless as a rock to think that almost 3 decades of “political service” would net you a worth of JA 140 plus million in assets and presumed value? Is the figures given reflect him by himself or joint? given that the structure on the hilltop was supposedly jointly constructed, what about gold and/or platinum bars/bullion? any rough uncut diamonds smuggled from conflict zones from Africa to JA or other havens like CI, TCI, Antigua, St. Kitts etc. for safe keeps that we don’t know about? what about shell companies/LLC’s as fronts to invest, or ghost holdings in investments in Nigeria’s newly robust economy? or Ghana? or South Africa? or even Vietnam, Singapore and Burma? think we’re stupid? :travel
Praise God ! , the world can continue to turn now…
nobody believe this