Filtered By: Topstories
News

Duterte SALN: Net worth up P1.1 million in 2017


The net worth of President Rodrigo Duterte increased by more than P1.1 million in his first full-year in office, according to his Statement of Assets, Liabilities, and Net Worth (SALN) for year 2017.

As of December 31, 2017, the sum of Duterte's "total assets less total liabilities" is worth P28,540,321.07, or four percent higher compared to his total net worth of P27,428,862.44 in the previous year.

A copy of the SALN obtained by GMA News Online shows Duterte, through the Office of the President, filed his SALN at the Office of the Ombudsman four days ahead of the April 30 deadline mandated under the Code of Conduct and Ethical Standards for Public Officials and Employees.

Duterte listed nine real properties in Davao City with a total acquisition cost of P1,405,000, and personal properties under his name.

The personal possessions acquired in various years include jewelries (P300,000), investments (P2,500,000), and other personal properties (P1,500,000). Duterte also has a 1978 Volks Sedan with an acquisition cost of P40,000 and a Toyota Rav 4 which he bought in 1996 at a price of P800,000.

The SALN further includes two agricultural and three residential lands in Davao City worth a total of P3,080,000 under the name of his 13-year-old daughter Veronica. Her properties had a note that they were "purchased through the exclusive funds of the mother, Cielito Avanceña."

Under the law, public officials are required to include the assets of their children aged 18 and below who are living in their household.

The increase in the net worth of Duterte mainly came from his cash on hand/bank, which rose by more than P911,000 to P19,365321.07 in 2017, and the decrease of his liability by virtue of a personal loan from businessman Samuel Uy.

The chief executive reported that his outstanding balance with Uy, one of the contributors of his presidential campaign, now stands at P800,000. Last year, the balance of Duterte with Uy was pegged at P1 million.

Duterte also declared in his SALN his relatives within the fourth degree of consanguinity or affinity who are also holding government positions. They are:

  • Davao City Mayor Sara Duterte-Carpio (daughter)
  • Davao City Vice Mayor Paolo Duterte (son),
  • Brgy. Catalunan Grande, Davao City captain January Duterte (daughter-in-law),
  • City Mayor's Office private secretary Benjamin Duterte (brother),
  • Davao City Administrative Officer Wilfrido Villarica (nephew), and
  • CENRO Davao City auxiliary worker Jean Villarica (wife of Wilfrido).

—JST, GMA News

LOADING CONTENT