'The poorest president in the world'

news.yahoo.com Published: April 17, 2014
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President Jose Mujica says his wealth adds up to $322,883. Nearly a third of that is cash, kept in three bank accounts that Uruguay's leader didn't previously declare, according to The Associated Press.



The AP reports Mujica's insistence on living simply has earned him the nickname "the poorest president in the world," but his sworn declaration this year shows zero debts and a 74 percent increase in wealth since 2012.

The form he submitted to Uruguay's transparency and public ethics board doesn't require Mujica to declare the source of the $103,451 in cash he says he now keeps in banks. The joint annual income he makes with his wife, Sen. Lucia Topolansky, totals $229,450, and they declared no debts, owning their land and cars outright.

H/T: Yahoo!
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