Argentine Minister of Economy Luis Caputo saw a significant increase in his personal wealth according to his 2025 sworn asset declaration [1].
The disclosure is critical because it reveals the financial positioning of the man managing Argentina's economy during a period of extreme volatility. The fact that the majority of his assets are held outside the country raises questions about the alignment between his personal financial strategy and the national economic policies he implements.
According to reports, Caputo's fortune grew 65% in one year [1], a figure mirrored by other reports regarding his second year of management [4]. Other data indicates a steeper climb, with his wealth increasing 117% in dollars since 2023 [3].
The declaration reveals a heavy reliance on foreign holdings. More than 95% of his bank deposits are held outside of Argentina [2]. While some reports state that 68% of his total assets are located abroad [3], others estimate that more than two-thirds of his holdings are in foreign jurisdictions [4].
At the end of 2025, Caputo's declared assets totaled $19.509 billion in local currency [1]. When converted, this represents approximately $13.41 million in the U.S. [3].
Argentine law requires public officials to disclose their assets to ensure transparency and prevent illicit enrichment. These filings provide the only official window into the private finances of the administration's top economic architect. The disparity in reported growth rates, ranging from 65% to 117%, reflects different methods of calculating value across currency fluctuations.
“More than 95% of his bank deposits are held outside of Argentina”
The concentration of the Economy Minister's wealth in foreign accounts provides a hedge against the devaluation of the Argentine peso. This financial structure insulates the minister from the domestic inflation and currency instability that affect the general population, creating a potential optics problem regarding his personal stake in the success of domestic monetary stabilization.
