The Milei family, including President Javier Milei and his sister Karina, reported a massive increase in their personal wealth for the 2024 fiscal year. Leftist watchdogs and social movements raise alarms over this enrichment as Argentina faces devastating austerity policies.

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Milei Faces Growing Disapproval From Argentines

Argentina’s ruling family has come under renewed scrutiny as their official asset declarations for 2024 expose explosive personal wealth gains,contrasting sharply with the poverty and hardship imposed on millions by the government’s neoliberal agenda.

While President Javier Milei touts “sacrifices” and slashes public spending, his own fortune saw a staggering increase of more than 60%,jumping over 80 million Argentine pesos (more than US$60,000 at the official rate),between 2023 and 2024, topping 206 million pesos.

The so-called “President of the people” simultaneously revalued his Buenos Aires home (now at 38.4 million pesos), and watched his luxury car collection appreciate considerably: a 2015 Mercedes Benz Sprinter (20.1 million pesos) and a 2013 Peugeot RCZ Coupé (16.2 million pesos).

Javier Milei’s personal cash and savings in dollars also ballooned, with US$85,000 declared (including US$20,000 in cash), while net income surpassed 99 million pesos, mostly from business and secondary activities,not public service wages, as popular myth might suggest.

Karina Milei, Secretary General of the Presidency and widely seen as the regime’s real power broker, tripled her declared assets in just one year,jumping from about 3.5 million to over 11.4 million pesos by July 2025.

The prime driver: her only property, a 150m² apartment in Vicente López, skyrocketed from 1.8 million to nearly 4 million pesos in value. She’s also sitting on a healthy savings account of more than 4 million pesos, without declaring any foreign cash, raising new questions about the source,and legal compliance,of her rapid enrichment.

Left-wing legislators and grassroots organizations have slammed the Milei administration’s enrichment in a period of mass layoffs, shuttered hospitals, and shrinking pensions. Feminist collectives and neighborhood assemblies point out the hypocrisy in Milei’s televised statements claiming “there is no money”,a phrase he repeats as justification for privatizations, subsidy eliminations, and the hollowing out of Argentina’s welfare state.

👤 Milei declaró un patrimonio de 206 millones de pesos: incluye autos, un departamento y ahorros en dólares. https://t.co/ox0So0eQlg pic.twitter.com/HXVGW7DVWZ

— Tiempo Argentino (@tiempoarg) July 28, 2025

The text reads: Milei declared assets worth 206 million pesos: including cars, an apartment, and savings in dollars

While the Milei administration claims full compliance, including voluntary submissions to the historically weak Anti-Corruption Office, legal experts and activists recall that this office is itself appointed and controlled by the executive, further undermining already fragile transparency standards.

Ongoing scandals, most notably the $LIBRA cryptocurrency mega-fraud, add to the climate of suspicion, although the anti-corruption office recently cleared the president of formal wrongdoing, a decision greeted with deep skepticism across progressive sectors.

The bitter irony is lost on no one: while government officials like Human Capital Minister Sandra Pettovello increased their assets by nearly 60% in a single year, millions of Argentines fall into or remain in poverty, struggling to afford basic goods under Milei’s shock therapy.

The president’s calls for “sacrifice” ring hollow, as it becomes ever clearer that it is only Argentina’s working people and vulnerable communities bearing the brunt,while the ruling elite quietly line their pockets.

In an Argentina reeling from social cuts and unemployment, the Milei family’s wealth boom stands as a stark symbol of the new ruling “caste.” Far from draining the swamp, the government appears to have simply replaced its occupants,with their own family name stamped on the growing pile of riches.

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