Gagik Khachatryan, who heads Armenia’s State Revenue Committee, would have people he leads a modest life.

Official figures from the income disclosure statements Khachatryan has filed present another picture and have gotten his face plastered in the Armenian press.

According to his 2009 disclosure, the high ranking tax official only had assets of 53.8 million AMD. That figure went up slightly to 58 million the following year.

In 2011, his assets soared to 278 million AMD and $2.9 million. His only income, however, was his 8.4 million AMD salary as the head tax honcho.

Khachatryan’s wife, Laura Yepremyan, wasn’t far behind that year, reporting 188 million AMD and $765,000. Lo and behold, her only income was her 671,740 AMD salary.

Press reports say that Khachatryan owns the fancy “Chronograph” watch and jewellery store on Northern Avenue in Yerevan. An average watch can set you back several hundred thousand Drams.

Khachatryan is also to own internet provider Ucom.