Foreign affairs secretary is richest Cabinet official

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

Foreign Affairs Secretary Albert del Rosario remains as the richest official in the Aquino Cabinet, while Education Secretary Bro. Armin Luistro is the poorest.

MANILA, Philippines – Foreign Affairs Secretary Albert del Rosario remains as the richest official in the Aquino Cabinet, with a net worth of P657,834,755 in 2011, as declared in his latest Statement of Assets, Liabilities, and Net Worth (SALNs).

Del Rosario, who has no liabilities, is nearly P31 million richer than in 2010, when he posted a net worth of P627.09 million.

The foreign affairs chief declared the following:

  • real properties with a total acquisition cost of P82,663,330;
  • cash on hand and deposits, P139,929,999;
  • investment in marketable securities, P415,631,426;
  • investment in club shares, P1,815,000;
  • transportation, P11,695,000;
  • furniture fixtures and appliances, P6,100,000.

Education Secretary Bro. Armin Luistro is the poorest official in the Cabinet, with a net worth of P739.006.14, about P450,000 higher than his 2010 net worth of P285,123.

Luistro’s declared assets are cash on hand and deposits: P135,249.00 in his savings account, and P603,756.32 in his current account.

Finance Secretary Cesar Purisima is the second richest Cabinet official with a net worth of P261,585,294.34, up by P5.6 million from 2010.

The assets of Purisima, who has no liabilities, include:

  • P11,026,261.75 million in real properties;
  • P68.42 million in cash and cash investment, including investments in bonds and other fixed income securities;
  • P2.65 million in receivables from relatives;
  • P155,873,932.51 in investments;
  • P6 million in club shares;
  • P5.9 million in vehicles;
  • P11.715 million in jewelry and art.

The other Cabinet secretaries and their net worth, from highest to lowest are as follows:

  • Tourism Secretary Ramon Jimenez, P238,231,000;
  • Transportation Secretary Manuel Roxas II, P183,107,369.72;
  • Trade Secretary Gregory Domingo, P153,102,000 (from P151.94 million);
  • Energy Secretary Jose Rene Almendras, P117,214,809.98 (from P116.33 million);
  • Agriculture Secretary Proceso Alcala, P87,009,682.88 million (from P86.72 million);
  • Public Works Secretary Rogelio Singson, P84,154,190.77 (from P88.62 million);
  • Health Secretary Enrique Ona, P80,786,666.00 (from P74.24 million);
  • Vice President and Housing and Urban Development Coordinating Council chair Jejomar Binay, P57,879,039.18 (from P58.1 million);
  • Science Secretary Mario Montejo, (from P53.16 million);
  • Commission on Higher Education head Patricia Licuanan, P48,908,936 (from P45.48 million);
  • Former Tourism Secretary Alber, Lim, P36,929,575.28 (from P43.92 million);
  • Chief Legal Counsel Eduardo De Mesa,  P34,793,650 (from P34.35 million);
  • Budget Secretary Florencio Abad,  P29,655,959.82 (from P22.83 million);  
  • Environment Secretary Ramon Paje, P29.3 million (from P18.8 million);
  • National Anti-Poverty Commission Lead Convenor Jose Rocamora, P25,379,119.81 (from P29.38 million)
  • Defense Secretary Voltaire Gazmin, P23,505,542 (from P24.13 million);
  • Former Socioeconomic Planning Secretary Cayetano Paderanga, P23,323,605.77 (from P21.32 million);
  • Metropolitan Manila Development Authority chief Francis Tolentino,  P22,540,381.52 (from P23.77 million);
  • Chief Peace Adviser Teresita Deles, P21,832,293 (from P21.52 million);
  • Executive Secretary Paquito Ochoa Jr.  P17,079,709 (from P15.77 million);
  • Presidential Management Staff head Julia Abad, P16.8 million (from P13.3 million);
  • National Security Adviser Cesar Garcia, P15.6 million (same as in 2010);
  • Presidential Communications Operations Office Secretary Herminio Coloma Jr., P14.74 million (same as in 2010);
  • Agrarian Reform Secretary Virgilio de los Reyes, P14,255,692 (from P14.92 million);
  • Mindanao Development Authority head Lualhati Antonino,  P14,095,000 (from P13.56 million);
  • Presidential Spokesman Edwin Lacierda , P13,760,536.07 (from P13.73 million);
  • Presidential Legislative Liaison Manuel Mamba, P13.155 million
  • Interior Secretary Jesse Robredo, P9.067 million (from P8.52 million);
  • Presidential Communications Development and Strategic Planning Office head Ramon Carandang, P7.545 million (from P6.9 million);
  • Presidential Political Adviser Ronald Llamas, P5,017,800.00;
  • Justice Secretary Leila de Lima, P3.618 million (from P3.42 million);
  • Social Welfare Secretary Corazon Soliman, P3 million (from P2.32 million);
  • Labor Secretary Rosalinda Baldoz, P924,206.47 (from P469,673).

President Aquino declared a net worth of P65,130,264 in 2011, P10 million higher than in 2010, due mainly to the decision of his siblings to give up their share in their Times Street residence to him. –

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?

Download the Rappler App!