President Abinader’s 2024 asset declaration reflects 5% decrease since 2020

Santo Domingo.- President Luis Abinader submitted his 2024 Declaration of Assets, reporting a total of RD$3,972 million, reflecting a 5% decrease from RD$4,182 million declared in 2020. The 2024 assets amount to RD$4.219 billion, with liabilities of RD$247 million, compared to RD$4.326 million in assets and RD$143 million in liabilities from 2020.

The reduction in reported assets is attributed to a shift in how Abinader’s shares in family businesses are recorded. In 2020, these shares were directly reflected, while in 2024 they are included in a family trust, which encompasses retained earnings, new assets, and inheritance rights, affecting the overall asset structure.

Liabilities increased due to property purchases in La Julia, financed by a loan from Banco Popular through the trust. Both the trust and Abinader’s personal finances have undergone audits, and the President continues to donate his salary to charitable organizations.