andrej-babis-tiger
Chairman of Cirkus JOO Jaromir Joo, Chairman of Cirkus JOO (R) holds a baby tiger named Fred as he congratulates Czech billionaire, Andrej Babis , leader of 'ANO' movement ('YES') and party members in Prague, after polling stations closed on October 26, 2013, the second day of the general elections. The Social Democrats (CSSD) scored 21.30 percent, ahead of the surprise populist newcomer ANO movement of billionaire Andrej Babis with 18.71 percent and the Communists with 15.66 percent. AFP PHOTO / MICHAL CIZEK

Babiš reveals his 2013 income

in Czech News

Czech Finance Minister posted staggering salary in the tens of millions of crowns before becoming finance minister

Prague, July 24 (ČTK) — The Czech Finance Minister, billionaire Andrej Babiš (ANO), bought bonds of his Agrofert food empire for 1.25 million Kč last year, according to his property statement sent to the Chamber of Deputies and published online, daily Právo writes today.

Babiš’s net salary in Agrofert in November and December 2013 was 37 million Kč, Právo writes.

He left the post of head of Agrofert in late January to comply with the conflict of interest law, it adds. However, he is still owner of the company, as this is not banned by the law, Právo writes.

The market value of Agrofert is put at about 100 billion Kč. The holding owns more than 200 companies, mainly from agriculture, food and chemical industries, it adds.

Two years ago, the firm entered the forestry and timber industry and it also operates in the media where it owns the Mafra publishers, Právo writes.

In his property statement, Babiš said he also owns the Kostelecké uzeniny smoked meat maker and the Symbiol chemical and trade company. He is also on the board of directors of IMOBA, a real estate and catering firm, it adds.

As a member of their statutory bodies, he was not paid any money, Právo writes.

Babis received 4,267 euros as remuneration for working in the statutory authority of the SKW Stickstoffwerke Priesteritz chemical company, it adds.

“As an individual, I will pay 87 million Kč, and my companies 650 million Kč [in taxes] for the whole last year,” Babiš has said. “This repeats almost every year,” he added.

Immediately upon taking office, Babiš gave up the salary of deputy prime minister and the business car, Právo writes.

“I said that this would not cost the state a single crown,” he told the paper.

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