Lula declares R$2.6 million drop in net worth to electoral court

Brazilian President Luiz Inácio Lula da Silva has declared a net worth of R$4.7 million for his re-election campaign, a significant drop of R$2.6 million from the R$7.4 million he reported in 2022. The decrease is largely attributed to changes in his private pension plans, which now total R$3.3 million compared to a single R$5.5 million plan in 2022.

Further reductions stem from the absence of "credits derived from personal loans" and "reimbursement of funds blocked by judicial order" in his current declaration. Lula's campaign has not yet commented on the financial shift.

The president's asset declaration also shows changes in real estate and vehicles. In 2022, he declared three apartments; now, only one remains, with its declared value representing 50% of the property. The number of vehicles has also decreased from two to one, a 2010/2011 Chevrolet valued at R$50,000.

New financial investments, including a real estate fund and a short-term fund, have been added to his assets. Other holdings, such as three plots of land, a house under construction, and shares in his lecture and events company L.I.L.S., remain unchanged. Several other presidential candidates have also submitted their declarations to the Superior Electoral Court (TSE), with Romeu Zema reporting the highest total property value at R$178.8 million.