Kiefer Ravena

Corona’s investment strategy influenced by health, family woes

When Chief Justice Renato Corona took the witness stand on Tuesday, May 22, he selectively covered issues about his wealth. He briefly touched on the Why’s and How’s but not the How Much’s. He said the decision to invest bulk of his and his family’s wealth in bank products is in line with the need to be cash-ready given his diabetes, his mom’s cancer, and his brother’s illness. Of the bank products, dollars dominated his portfolio since he said the devaluation of the peso provided good returns. He also said real estate, a typical asset among Filipinos, was not a priority since his wife’s property-related family squabbles was enough warning for him. After his 3-hour speech and dramatic “walk-out,” he still didn’t divulge how much he’s worth.  

Read more about making financial sense of his wealth and how illnesses in the family influenced his choice.

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