MANILA, Philippines – President Rodrigo Duterte’s net worth in 2017 increased by more than P1 million, according to his latest Statement of Assets, Liabilities, and Net Worth (SALN).
Released by the Office of the Ombudsman on Friday, May 11, Duterte’s net worth was valued at P28,540,321.07 as of December 31, 2017.
This figure is P1,111,458.63 more than 2016’s P27,428,862.44. (READ: Duterte's 2016 net worth: P27.4M)
Cash on hand in 2017 also increased to P19,365,321.07 from P18,453,862.44 in 2016.
Data from Duterte’s 2017 SALN showed total assets worth P29,340,321.07.
Among Duterte’s assets, the number of real estate properties, cars, jewelries, and their values remained the same, compared to the previous year.
Meanwhile, the value of his investments decreased by P500,000 from 2016’s P1 million.
According to his SALN, Duterte also owns a total of 7 lots as well as two house-and-lot properties that are all located in Davao City, with values remaining at P1.405 million.
In addition to this, Duterte’s personal properties increased to P1.5 million from last year’s P1 million.
Aside from cash on hand, his personal properties include a Volks sedan and a Toyota Rav 4 – which were acquired in 1978 and 1996, respectively. The vehicles have a combined value of P840,000.
His household appliances and furniture are also valued at P350,000.
Duterte's only listed liability is a personal loan amounting to P800,000 from Davao-based businessman Samuel Uy, which decreased by P200,000 from 2016. Uy, a friend of Duterte, donated P30 million to the Duterte campaign, based on Duterte's Statement of Contributions and Expenditures.
Data also showed Veronica Duterte, the President’s 13-year-old daughter, has 5 real properties under her name "purchased through the exclusive funds of the mother” Cielito "Honeylet" Avanceña.
She owns 3 lots and two house-and-lot properties in Davao City, worth a total of P3.080 million – the same worth in 2016. – with reports from Jodesz Gavilan/Rappler.com
