Tuesday, October 04, 2011

Bruno Barreiro: Reversal of Fortune. By Geniusofdespair

Looking at his Financial Disclosure Form dated 12/31/2007, County Commissioner Bruno Barreiro was sitting pretty with a net worth of $1,365,496.70. Now his net worth -- as of 12/31/2010 -- is $470,757. That is about a third of his 2007 net worth.

His 1.25 acre of land that he estimated as worth $200,000 in 2007 is now worth $43,750. His Miami Beach condo and his home are both worth less than half of what they were in 2007. The condo he has on Ocean Drive, he is estimating it is worth $134,490 now, in 2007 it was worth $298,860. Don't feel too bad for him, he only paid $115,000 in 1994 so at least he isn't in a hole.


His salary at his family's home health care company has increased slightly from $90,500 to $106,000.

He has a business called BABJ Investments Corp. in which he invests in real estate. He had $367,111 stock in this company in 2007 and $142,674 in 2010. However, it looks like he used money from BABJ to start an investment plan for $142,150.88.

I think Bruno can feel our financial pain.


6 comments:

Anonymous said...

Is he renting out the condo? Does he show rental income?

Anonymous said...

Barreiro represents the speculators. It is good to see he is getting, his.

Anonymous said...

Home healthcare? I didn't know that. Wow. I'm not saying they are fraudsters but home healthcare is RIPE for fraud.

Anonymous said...

How did that Key West deal of Barbara Jordan's get done?

Anonymous said...

Wonder if he banks with US Century.

Anonymous said...

Bruno is lucky his parents have money.