(CNN Philippines) — In a span of five years, President Benigno Aquino III’s net worth rose by more than 13 million pesos — according to his Statements of Assets, Liabilities and Net Worth (SALN).
Since assuming his post in 2010, Aquino’s wealth grew steadily from a net worth of about P55 million to a net worth of P68.3 million in 2014.
The only time he met a slight decrease was in 2012, when his net worth went from P65,130,264 to P65,128,604. Aquino recovered the loss a year later by raking in P66.5 million in 2013.
The cash that Pres. Aquino had on hand or in banks also leapt from six million in 2010 to 30 million in 2014. The highest jump happened in 2011, with an almost 20 million-peso increase.
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According to Malacañan, Aquino’s overall increase in net worth in 2014 was “attributable to his salary, interest income, and a one-fifth share from property inherited from the Sumulong side of his family.”
Under real properties, Aquino listed down five items from 2010 to 2013: Three in Tarlac (his home province), one in San Juan City, and one in Quezon City (his house at Times Street).
Aside from his Times home, Aquino inherited a commercial lot in San Juan and an agricultural lot in Capas, Tarlac. He also bought residential and agricultural lots in Tarlac City.
Just last year, Aquino again inherited property — a residential lot in Antipolo City worth half a million pesos.
From 2010 to 2011, the value of the motor vehicles that Aquino owned decreased from P8.7 million to P4.2 million, but the said vehicles were not itemized. From 2012 to 2014, the value remained at P3 million.
Aquino’s ‘receivables,’ on the other hand, significantly went down from 2010’s P17 million to just half a million pesos in the next four years. The value listed under “other assets” also grew by P800,000 in 2011, but stayed the same until 2014.
Under liabilities, Aquino listed tax payables amounting to more than P200,000 to the Bureau of Internal Revenue. In the succeeding four years, he posted zero liability.
President Aquino, meanwhile, didn’t identify any business interest and financial connections from 2010 to 2014.
