Noy richer by P20 M since 2010

President Aquino’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.

His 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.

After six months in office, he filed his second SALN, which showed his net worth increasing to P54.999 million as of Dec. 31, 2010.

The increase in his wealth, as explained by Malacañang, was supposedly due to the income he earned from the sale of a residential lot in Antipolo City.

One year later, President Aquino’s wealth again increased to P65.130 million as of Dec. 31, 2011 supposedly because of the increase in the value of his house in Quezon City which went up from P13.796 million to P23.6 million.

His next SALN as of Dec. 31, 2012 showed a slight decrease in his net worth as he declared himself to be worth P65.128 million.

In 2013, Aquino’s total declared wealth of P66.494 million posted a considerably minimal increase of only P1.3 million.

The last SALN he has so far filed, for the year 2014, showed his net worth at P68.311 million, posting an increase of P1.8 million.