Phillips & His Family Declare Over $180 Million In Income & Assets For 2018, No Liabilities

879

Opposition Leader Dr. Peter Phillips, his wife, and children last year declared more than $180 million in income and assets.

That’s based on a summary of his declarations published by the Integrity Commission, Friday.

According to the summary, Dr. Phillips and his family have more than $US500,000 in assets.

The bulk of which was in securities or stocks and bonds. 

That’s the equivalent of almost $JMD76 million.

They also declared more than $JMD60 million worth of local assets.

The family reported total income for 2018 at just over $JMD50 million. 

Of that, they declared that more than $16 million came from their salaries. 

Another $40 million came from other income. 

In addition, the Opposition Leader and his family reported no debt for the period.

Meanwhile, the family’s motor vehicles are valued at almost $30 million. 

Their local savings amounted to just over $800,000, while their current account balance was nearly $800,000 as well. 

Recently, Dr. Phillips told the media he had nothing to hide and urged the Integrity Commission to make his declarations public. 

And last week, Executive Director of National Integrity Action, NIA, Professor Trevor Munroe called for the publication of the declarations of both national leaders. 

He’d called for the publication of whichever was ready, and the announcement of the publication date for the other. 

It’s still unclear when the Prime Minister’s statutory declaration will be made public



Neika Lewis is an award-winning journalist with over 7 years of experience across radio, tv and the print media. A CARIMAC alum, Neika copped the Prime Minister’s Youth award for journalism in 2017. Her reporting on a Jamaican pilot incarcerated in Qatar in 2015 led to his release. Neika hunts for human interest stories.


One thought on “Phillips & His Family Declare Over $180 Million In Income & Assets For 2018, No Liabilities

Leave a Reply

Your email address will not be published. Required fields are marked *