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Ivanishvili’s fortune shrunk 1.1 bln during year in politics

by | Jan 6, 2014
bidzina_ivanishvili

Bidzina Ivanishvili. (Interpressnews.)

TBILISI, DFWatch–Billionaire Bidzina Ivanishvili’s fortune shrunk by USD 1.1 billion during the year he governed his country as prime minister. What happened?

The journal Forbes in 2012 listed Ivanishvili in 153rd place among the world’s billionaires with an estimated fortune of USD 6.4 billion. In 2013, his fortune had shrunk to USD 5.3 billion and he had dropped to 229th place.

More details are now revealed about how he spent his money. The government has published financial details about the former prime minister which show that the businessman-turned-politician in 2013 had an income of USD 56 120 and GEL 79 7100 022. He made donations to individuals in the amount of USD 178 000, EUR 11 500 and GEL 787 268.

When it comes to expenses, Ivanishvili spent GEL 74 147 and EUR 36 048 on different types of services. In addition, he spent EUR 296 000 on transport services, GEL 124 201 on utility fees, GEL 84 779 on legal services and GEL 2 971 233 on revenue liabilities.

In 2013, Ivanishvili received GEL 9 423.91 in salary as prime minister.

The same year he purchased Apple Inc shares in the amount of USD 1 334 568 and now owns 2400 shares in that company.

The total amount of shares that the businessman owns in different companies is USD 126 940 150, including Apple, Google, Volkswagen, Rolls-Royce PLC and others.



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