Based on financial disclosures, it appears that Armenia’s First Lady Rita Sargsyan has more personal wealth than her husband President Serzh Sargsyan.
According to Serzh Sargsyan’s 2011 disclosure to the Ethics Committee, the president purchased no fixed or mobile assts last year. He claims to hold no company shares as well or other investments.
He also claimed to possess no personal belongings in excess of 8 million AMD. However, in a financial disclosure to the Central Electoral Commission covering March 1, 2011 to March 1, 2012, Serzh Sargsyan reported owning numerous 18-20th century antiques, sculpture, etc., including 32 20th century paintings.
In 2011, Serzh Sargsyan received a 3.898,880 AMD salary and 8.6 million AMD in interest on loans.
His total revenues for 2011 amounted to 14,563,889 AMD. Cash holdings at the end of 2011 amounted to 104 million AMD
Rita Sargsyan reported revenues of 17 million AMD for 2011. Her end of year cash amounted to 112 million AMD.
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