Vahe Hakobyan is the richest Provincial Governor (Marzpet) in Armenia.
He holds sway over Armenia's Syunik Province.
The Republican Party member declared 1.5 billion AMD ($3.8 million) in bank deposits as of the end of 2012.
His revenues for the year amounted to 1.8 billion AMD, of which a mere 3.1 million was derived from his salary as a legislator.
Another 1.6 billion came from dividends received from two companies.