VP Robredo's net worth down by P2 million since assuming position, SALN shows

Vice President Leni Robredo's net worth went down by more than P2 million since she assumed position on June 30 last year, her Statement of Assets, Liabilities and Net Worth (SALN) as of the end of 2016 showed.

JUST IN: VP Robredo's net worth as of Dec 31, 2016 is P8.8 million. @gmanews pic.twitter.com/wODuKcfk3O

— Erwin Colcol (@erwincolcol) May 16, 2017

Robredo's net worth as of December 31, 2016 was P8,878,111.43, while she had a net worth of P11,053,138 on June 30 last year, the day she officially served as the second highest-ranking official in the country, with a difference of P2,175,026.57.

The Office of the Ombudsman released Robredo's SALN on Tuesday.

Based on her December 31 SALN, the decrease in Robredo's net worth was brought about by a reduction in her monetary wealth.

As of December 31, 2016, she had a total cash of P8,940,111.43, while six months earlier, she had P11,115,138.

All other aspects of Robredo's SALN, including her real and other personal properties and liabilities, remained the same over the six-month period.

Her real properties include two residential lots, three agricultural lots, one memorial lot, one orchard lot, and one residential house, all in Naga City, with a total acquisition cost of P1,735,000.

Robredo's furniture, appliance and other assets are worth P1.5 million, jewelry worth P100,000, prepaid insurance worth P630,000, and two vehicles—a Toyota Innova acquired in 2010 and a Toyota Grandia acquired in 2014—totaling P2.87 million.

The vice president's liabilities are worth P6.9 million, which include loans payable to the estate of Marcelina Robredo amounting to P1 million, the estate of Jose Robredo worth P2 million, to Jose Robredo Jr. worth P1.15 million, to Jocelyn Austria worth P2 million and to Salvacion Gerona worth P750,000.

Robredo's SALN showed that she remains having "shares of stock" at Meralco, her date of connection being "different years."

Robredo also declared in her SALN her relatives who hold positions in the government, including her sister-in-law Josephine Bondoc and brother-in-law Rafael Bondoc, both doctors at the Philippine General Hospital in Manila.

The Office of the Ombudsman last week released the SALN of President Rodrigo Duterte, where it was shown that his net worth increased by more than P3 million between June 30 to December 31, 2016. —KG, GMA News