The diamond encrusted watch on Gaık Tsarukyan’s wrist costs USD 300,000.
But this pales in comparison to the USD 500,000 diamond watch on a goldchain he owns…and he has two of them.
Last, but not least, are his three rings with a combined value of USD 4.7 million.
The Armenian businessman and former head of the Prosperous Armenia Party can afford such baubles.
And his love of expensive items extends to furniture as well. He owns bedroom furniture costing 641,000 Euros and kitchen fixtures costing 126,820.
Mr. Tsarukyan’s wife Javahir has her fair share of bling as well.
Take her USD 490,000 pendant, her USD 470,000 necklace, the USD 35,000 bracelet, or the USD 25,000 earrings.
Tsarukyan’s annual salary as a member of parliament amounts to a mere 4.5 million AMD. The rest of his income is in the form of dividends from various companies and interest on loans.
Las year Tsarukyan declared cash deposits of USD 30.373 million and 26.352 million Euros.
Tsarukyan also lavishes his wealth on his wife. In 2011, for example, he gifted her close to 12 billion AMD.
Last year Mrs. Tsarukyan decarled USD 25,700 ad 30,400 Euros in cash holdings.
In addition to Mr. Tsarukyan’sholdings in several companies based in Armenia, he owns 90% in the Bulgarian Gorna Banya mineral water bottling plant and 100% in the Riga Hotel located in the Latvian capital.