Rich political list: Dáíl is now home to 68 millionaires as TD properties, pension funds and a range of assets are revealed
THE wealth of 181 million euros of the country’s most powerful politicians can be revealed in an exclusive analysis of the lucrative assets and pension funds held by TDs.
The Independent IrishThe rich political list of the has established that there are 68 millionaires in the Dáil based on a detailed examination of the value of their properties, lands, businesses, stakes and pensions.
The two-month research project, in collaboration with financial analyst Karl Deeter, offers voters a unique insight into the wealth of politicians elected to rule the country.
The project revealed that the Taoiseach Micheál Martin owns four different properties – this includes his home, constituency office and two vacation homes, which he co-owns after receiving it as part of an inheritance.
Separately, it emerged that the Taoiseach lives in an apartment in one of the capital’s most desirable areas, which is owned by his wife, while she is in Dublin.
The Taoiseach only declares its constituency office in Cork in the Members’ Register of Interest for the Dáil.
He is not required to declare either the houses in which he lives or his vacation homes under the rules established by the Civil Service Standards Commission.
It has also emerged that a property in Kerry declared as a vacation home in the Dáil register by Labor Party leader Alan Kelly is available for rent on the Airbnb short-term rental website.
The property has been on the vacation rental site for several years, but Mr. Kelly is not required to declare himself the owner as he has not received more than € 2,600 in rent per year.
Fine Gael TDs Michael Creed and Ciarán Cannon both have vacation homes that are declared in the Dáil register, although they are not required to.
However, Fianna Fáil TD Seán Haughey does not report a vacation home he owns in Kerry.
Meanwhile, County Limerick TD Richard O’Donoghue admitted he had not declared the land he owned, but said he would contact the Oireachtas to update his Dáil statement after the The gap was highlighted by the Irish independent.
“I made an amendment to the declaration and it is with the clerk of Dáil,” he said.
The richest DT in Dáil is Michael Lowry, with a fortune of 7.3 million euros. The figure is based on the estimated value of his refrigeration business at 3 million euros, coupled with a real estate portfolio of 2.7 million euros and a pension jar that would cost 1.5 million euros to buy. in the private market.
Former Education Minister Richard Bruton is the second richest TD, with pension and real estate assets estimated at € 6.2m.
The Dáil’s biggest owner, Michael Healy-Rae, with an estimated value of 6 million euros, is the third richest. The majority of its fortune comes from its 16 rental properties and its land valued at around 4.7 million euros.
Mr Haughey is fourth on the list with properties, significant holdings and a pension pot totaling $ 4.8 million. Former Taoiseach’s son Charles Haughey has a diverse portfolio comprising stocks in Pfizer, Amazon and Walt Disney. The richest constituency is that of Mr. Haughey and Mr. Bruton’s Dublin Bay North, followed by Tipperary and Kerry.
Green Party leader Eamon Ryan is ranked 16th on the list with a fortune totaling $ 2.4million, including a property worth around $ 1.3million.
Tánaiste Leo Varadkar is 46th on the list with a value of 1.3 million euros.
The richest TD woman is Social Democrat co-leader Róisín Shortall with just over € 2million, mostly due to her retirement, estimated at € 1.5million.
Labor TD Ivana Bacik is the second richest female TD in Dáil, with a heritage of nearly 1.934 million euros.
The third richest TD woman is Mary Lou McDonald, leader of Sinn Féin, with a fortune valued at just over 1.9 million euros. This includes a luxury home in his Dublin constituency estimated at around € 1million.
There is a clear distinction between the sexes among TDs according to their wealth. The Rich List shows that of the 68 millionaires in Dáil, only seven are women. The combined wealth of female DT is estimated at around 25 million euros, while their male counterparts are valued at 156 million euros.
Overall, there are fewer millionaires in the current Dáil than in the last. The rich political list of 2018 revealed that there were 73 millionaires in the Dáil.