Robredo’s net worth rises to P2.3 million in 2018

Karen Racelis

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Robredo’s net worth rises to P2.3 million in 2018


This is the first time since the Vice President took office that her net worth increased

MANILA, Philippines – The net worth of Vice President Maria Leonor “Leni” Robredo increased in 2018, the first time it did so since she took office.

According to her latest Statement of Assets, Liabilities, and Net Worth (SALN), Robredo declared a net worth of P2,314,430.00 as of December 31, 2018.

This was P1.2 million more than her net worth of P1,114,102.84 at the end of 2017.

The jump in her net worth was the first since her inauguration as Vice President in June 2016. Her wealth dipped in previous years, with the biggest decrease in 2017 due to the payment of fees in relation to the electoral protest filed by former senator Ferdinand “Bongbong” Marcos Jr, her opponent in the 2016 vice presidential race.

In 2018, the rise in Robredo’s net worth was because of increases in the amounts of two items in her personal properties.

Her cash on hand went up by P1.175 million to P7,351,430.00. It was P6,176,102.84 in 2017. The amount of her prepaid insurance also increased to P655,000, up by P25,000 from P630,000 in 2017.

The rest of her personal properties cost the same as in 2017: furniture, appliances, and other equipment, P1.5 million; jewelry, P100,000; 2010 Toyota Innova, P1.123 million; and 2014 Toyota Grandia, P1.75 million.

The total amount of her 8 real properties in Naga City remained unchanged, at P1.735 million.

Loans she listed as liabilities were the same as in her 2017 SALN, totalling P11.9 million. 

Robredo still reported having “shares of stock” in Meralco, amounting to P95,000.

Rappler obtained a copy of Robredo’s SALN from the Office of the Vice President upon request. 

Like in previous years, Rappler requested for the SALNs of the President and Vice President and other constitutional bodies through the Office of the Ombudsman.

Also previously, requests for release of SALNs were granted within weeks after the April 30 SALN submission deadline of government employees.

However, this year, the office of Ombudsman Samuel Martires has “held in abeyance” releasing of the SALNs pending the finalization of its guidelines on public access to these SALNs and others in their custody. In the meantime, the Office of the Ombudsman advised that requests be filed directly to the public officials concernedwith reports from Michael Bueza/

Karen Racelis is a Rappler intern.

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