President Rodrigo R. Duterte’s net worth increased by P1.1 million in 2017 to P28.54 million from P27.42 million in 2016, a document showed.
This, among others, was indicated in his Statement of Assets, Liabilities and Networth (SALN) for 2017, which was released by the Office of the Ombudsman on Friday.
Mr. Duterte’s total assets amounted to P29.34 million, 19.36 million of which are cash on hand or in bank accumulated over the years, the document said.
Among his declared assets are P4.4 million worth of properties in Davao City, a 1978 Volks Sedan and a 1996 Toyota Rav 4 with values of P40,000 and P800,000, respectively, and household appliances and furniture totaling P350,000.
The president’s other assets, such as jewelry, investments, and other personal properties, have a total accumulated value of P4.3 million.
Furthermore, Mr. Duterte also declared an P800,000 personal loan, that was borrowed from Samuel Uy.
It was also noted five of Mr. Duterte’s properties were under the name of his youngest daughter, Veronica A. Duterte.
As of filing date, the President also named six relatives working in the government, which includes son and former Davao City Vice Mayor Paolo Z. Duterte (whose resignation has been accepted by his father in January 2018), daughter and Davao City Mayor Sara Duterte-Carpio, daughter-in-law January N. Duterte, brother Benjamin R. Duterte, nephew Wilfrido D. Villarica, and nephew’s wife Jean Villarica. – C. A. Tadalan