France’s New Wealthy-Bashing Socialist President Has Three Homes on French Riviera

Posted by on May 11, 2012 at 8:38 am

This clown would fit right in with our Democratic Party. Bash the “rich” while living large yourself.

France’s new Socialist president owns three holiday homes in the glamorous Riviera resort of Cannes, it emerged today.

The 57-year-old who ‘dislikes the rich’ and wants to revolutionise his country with high taxes and an onslaught against bankers is in fact hugely wealthy himself.

His assets were published today in the Official Journal, the gazette which contains verified information about France’s government.

To the undoubted embarrassment to the most left-wing leader in Europe and a man who styles himself as ‘Mr Normal’, they are valued at almost £1million.

It will also reinforce accusations that Hollande is a ‘Gauche Caviar’, or ‘Left-Wing Caviar’ – the Gallic equivalent of a Champagne Socialist.

Among other assets are three current accounts in French banks – two with global giant Societe Generale and one with the Postal Bank – and a life insurance policy.

As well as the spacious Paris apartment he shares with his lover Valerie Trierweiler, Hollande owns a palatial villa in Mougins, the prestigious hill-top Cannes suburb where the artist Pablo Picasso used to live.

It is valued by the Official Journal at €800,000 (£642,000), and is just a short drive from Hollande’s two flats in the Cannes. They are each priced at €230,000 (£185,000) and €140,000 (£112,000).

Hollande has promised to cut his pay by 30 per cent after he is officially sworn in as President next week, but he will still be on €156,000 (£125,000) a year, plus fabulous expenses and other perks.

Somehow I suspect he’ll find a way to avoid his own 75% income tax.

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2 Responses to “France’s New Wealthy-Bashing Socialist President Has Three Homes on French Riviera”

  1. Blue Hen on 11/11/12 at 8:52 am

    And apparently he’s already swiped the “the situation was worse than wwe thougtht” gag so as to start walking back anything and everything.

  2. Rich K on 11/11/12 at 3:44 pm

    Any word on if he has a beach house for Chris Dodd to hang out in when not at his irish cottage?