Understanding President Boakai’s Assets: A Comprehensive Breakdown
President Joseph Nyuma Boakai has revealed his assets in an effort to be more transparent, giving important details about his financial interests. Let’s examine the salient features of the disclosed asset report:
- Net Worth:
- The net worth of President Boakai’s assets stands at US$970.4 thousand
- Total Asset Value:
- The combined value of all assets owned by President Boakai amounts to US$1.17 million.
- Liabilities:
- President Boakai’s total debt to creditors is US$201.5 Thousand
- Calculating Net Worth:
- Subtracting the total debt from the total asset value:
- Net worth = Assets – Liabilities
- Net worth = US$1,171,919.60 – US$201,500
- Net worth = US$970,419.60
- Subtracting the total debt from the total asset value:
Asset Breakdown:
- Cash on Hand: US$5,750
- Cash in Bank: US$61,295.96
- Real Properties: US$766,391.07
- Personal Properties: US$212,400
- Other Assets: US$126,082.57
- Total Assets (Value): US$1,171,919.60
Note on Income:
- Income (e.g., salary, allowances) is excluded from this assessment.
- Assets represent what President Boakai owns, while income reflects his annual earnings.
- The reported annual income of US$43,400.47 is not factored into the net worth calculation.
The aforementioned revelation highlights President Boakai’s dedication to openness and responsibility. Such transparency sets a tremendous example for both leaders and citizens as Liberia continues its road toward growth.
Liberian-born Emmanuel Orlind Cooper is an accomplished multimedia journalist with extensive experience covering news and stories on a variety of media platforms. Orlind's work frequently demonstrates his profound grasp of the region and its complexity, given his Liberian heritage.
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