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President Aquino richer by P20 M since 2010

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(Photo from Philippine Star)

 

MANILA — President Benigno S. Aquino III’s net worth increased minimally during his stay in Malacañang since June 2010, but he is still expected to step down in 2016 richer by around P20 million.

 

Based on his statements of assets, liabilities and net worth (SALNs) filed with the Office of the Ombudsman, Aquino’s total wealth amounted to P50.194 million when he assumed office on June 30, 2010, according to a Philippine Star report.

 

It was also reported that Aquino's real properties then was collectively valued at P33.755 million, including the house he inherited in Quezon City declared to be worth P13.8 million.

 

Aquino’s first SALN said he has a residential lot in Antipolo, Rizal that he inherited worth P12.2 million; another residential lot in San Juan that he also inherited, valued at P7 million; another residential lot in Tarlac that he purchased worth P604,680 and agricultural land, also in Tarlac, purchased at P116,588.

 

He also had other personal and other properties like motor vehicles valued at a little over P9 million, investment in stocks in seven companies worth P4.774 million and cash totaling P3.635 million.

 

When he assumed office, President Aquino, a bachelor, listed one liability in the form of mortgage debts amounting to P2.430 million. 

 

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