France’s New Socialist President Owns Three Vacation Homes In Cannes
Apparently, the whole “from each according to his ability, to each according to his need” thing doesn’t really apply to Socialists in France these days:
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.
Hollande regularly attacked the ‘Bling-Bling’ presidency of Sarkozy, whose multi-millionaire lifestyle with Italian-born heiress Carla Bruni contributed to his humiliating election defeat after just one term in office.
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.
In case you’re wondering, in French it’s called hypocrisie.
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).