NASSAU, Bahamas -- Thirty-one of 104 candidates for Bahama's Parliament are millionaires, and Prime Minister Lynden Pindling has a net worth of $2 million, according to disclosure statements published Monday.
The statements entered in the official government gazette and published in the Nassau Guardian newspaper showed that candidates for 48 seats running in the June 19 elections for the House of Assembly included 16 millionaires on Pindling 's Progressive Liberal Party ticket.
Thirteen are affiliated with the Free National Movement of Kendal Isaacs, and two are independent candidates. In the 49th seat, Finance Minister Arthur Hanna is running unopposed in the eastern section of New Providence.
Isaacs, a lawyer, declared a worth of $1.2 million. The wealthiest candidate was Philip Pinder from New Providence, the owner of a bottling plant. He declared his worth as $23 million.
Pindling, who has been in office since 1967, declared a net worth of $2 million. He has an annual salary of $102,000. He dissolved Parliament on May 12 and called for new elections.
The Bahamian dollar has the same value as the U.S. dollar. Bahamian candidates are required by law to disclose their assets, income and liabilities.