Marcos declares net worth of P389M and P1.375B in 2024 SALN

President Ferdinand Marcos Jr. declared a net worth of more than P389 million, according to his Statement of Assets, Liabilities, and Net Worth as of December 31, 2024.

According to Sandra Aguinaldo’s report in “24 Oras” based on documents obtained by GMA Integrated News Research, the President also submitted in his SALN an appraisal by a private firm, Cuervo Appraisers, Inc., which placed his net worth at P1.375 billion.

The President’s declaration indicated that the P389.357 million was based on the rules of the Civil Service Commission on the filing of SALNs, while the P1.375 billion was based on the value as appraised by Cuervo.

In his declaration based on the CSC rules, his assets included P142.026 million worth of 21 pieces of real estate property, including agricultural and residential land.

Marcos’ personal properties included cash amounting to P38.7 million, investments worth P134.192 million, as well as pieces of jewelry, 12 vehicles, and paintings, all amounting to P247.332 million.

The President’s vehicles included a Mercedes-Benz Maybach worth P10.5 million, and 126 paintings by notable artists.

Their collection of paintings included works by Fernando Amorsolo, Jose Joya, Ben Cabrera, Arturo Luz, and even a work by national hero Jose Rizal.

The most expensive painting in Marcos’ collection was priced at P19 million.

The President did not declare any liabilities in his 2024 SALN and his previous SALNs filed from June 2022 onwards.

This meant that his 2024 net worth under CSC regulations of P389.357 million — as well in previous years — was purely due to his assets with First Lady Liza Araneta-Marcos.

A closer check of Marcos’ SALNs since he assumed office in 2022 showed that his net worth has gone up by P60.128 million until last year.

In his June 30, 2022 SALN, his net worth was at P329.229 million when he first assumed office in June 2022, while the appraised value of his assets was at P908 million based on the appraisal report.

In his December 31, 2022 SALN, his net worth was at P371.492 million while the appraised value of his assets rose to P960.7 million.

In his December 31, 2023 SALN, he recorded a net worth of P381.447 million while the appraised value of his assets went up to P1.157 billion. — JMA, GMA Integrated News