Aquino’s 2012 wealth steady at P65-M in 2012

Rappler.com

This is AI generated summarization, which may have errors. For context, always refer to the full article.

President Aquino's wealth was steady at P65.13 million in 2012, a couple thousands less than the level he declared in his SALN in 2011

MANILA, Philippines – President Benigno Aquino III’s wealth was steady at P65.13 million in 2012, a couple thousands less than the level he declared in his Statement of Assets, Liabilities and Net Worth, or SALN, in 2011.

He did not acquire a new property and remained liability-free in 2012.

The inherited house and lot in Quezon City accounted for bulk of his real estate assets, which reached P32.16 million.

After he selling his Porsche car 6 months after he bought it in 2011, his non-property assets in 2012 stayed steady at P29.4 million.    

Below is the breakdown of wealth as declared in his SALN in the past 3 years:

 ASSET   Year acquired 
mode of acquisition 
 2010     2011     2012  
Residential house and lot
(Quezon City) 
1984 & 2010, inherited  P14,221,469   P24,310,760   P24,310,760  
Commercial lot 
(San Juan City) 
2010, inherited P7,016,906   P7,016,906   P7,016,906  
Residential lot 
(Tarlac City) 
1997, purchased P718,200   P718,200   P718,200  
Agricultural land 
(Tarlac City) 
1987, purchased P113,750   P113,750   P113,750  
Agricultural land
(Capas, Tarlac) 
1979, inherited P2,818   P2,818   P2,818  

Motor vehicles
 
  P8,700,000   P4,200,000   P3,000,000  

Cash on hand and in banks
 
  P6,223,704   P26,215,001   P27,413,341  

Receivables
 
  P17,031,484   P552,829   P552,829  

Other assets 
 
  P1,200,000   P2,000,000   P2,000,000  

Tax payables
 
  (P228,961)   –   – 
TOTAL NET WORTH   P54,999,370  P65,130,264  P65,128,604 

 


The deadline of filing of annual SALN was on April 20.

Aquino’s SALN, as well as those of Vice President Jejomar Binay and heads of constitutional offices, were to be filed at the National Ombudsman office. – Rappler.com

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Loading
Download the Rappler App!