Following the legal deadline, the new officials in President José Antonio Kast’s government have made their financial and interest disclosures public through the Office of the Comptroller General. The reports offer a clear view of the financial backgrounds of key cabinet members, including the heads of the Finance Ministry, the Ministry of the General Secretariat of the Presidency (Segpres), and the government spokesperson.
Finance Minister Jorge Quiroz reported a portfolio that includes three properties, most notably his residence in Las Condes, which has a tax valuation exceeding $820 million. Additionally, the minister disclosed the purchase of another property in the same district in late 2023, as well as a co-owned property in Zapallar valued at $357 million.
Regarding his professional background, Quiroz noted his previous roles at the Santiago Stock Exchange and the Regional Stock Holding. He also disclosed consulting work for Compañía Minera Bajo Carmen, Inversiones Duero S.A., and the Ministry of Public Works, along with a 50.25% stake in Papeles Prudens Limitada.
Meanwhile, Government Spokesperson Mara Sedini declared a property in Vitacura valued at $302 million. She also reported $224 million in liabilities stemming from a mortgage with Banco de Chile and a debt to the firm Viancos & Sedini. Before taking office, Sedini worked as a host at Radio Agricultura and as the Director of Public Affairs at the Foundation for Progress (Fundación para el Progreso).
Minister of the General Secretariat of the Presidency José García Ruminot focused his disclosure on voluntary pension savings. The former senator reported holdings in Sura and Consorcio totaling over $419 million, in addition to properties in Temuco and Viña del Mar.
The Impact of Corporate Wealth
Although the disclosures for Economy and Mining Minister Daniel Mas and Foreign Minister Francisco Pérez Mackenna have yet to appear in official records, both are expected to report significant assets given their backgrounds in the private sector. Mas’s net worth is estimated to exceed $100 million, while Pérez Mackenna, a former executive at Quiñenco, is estimated to hold approximately $85 million.
Given the scale of his assets, Minister Daniel Mas confirmed the implementation of a blind trust managed by the firm Picton. "This is a declaration that goes beyond legal requirements. I am completely detached from my business interests and fully committed to President Kast’s mandate," Mas told Pulso.
The minister’s portfolio includes stakes in over 50 companies across the agricultural, financial, and real estate sectors. The corporate structure, inherited from the Ecomac family group, will keep its assets under a management mandate overseen by external legal counsel.
