Friday| May 12, 2017
President Rodrigo Duterte's net worth grows by over ₱3 million in his first six months in Presidency.
His latest Statement of Assets, Liabilities and Net worth (SALN), released by the Office of the Ombudsman. As of December 2016 his net worth was showed a net worth ₱27.42 million.
The total assets were at ₱28.43 million, lower by ₱1 million because of a personal loan to businessman Samuel Uy.
Before assuming the presidency, Duterte's net worth was at ₱24.08 million as of June 30, 2016.
Duterte purchased additional properties during his Presidency. The cost of houses and lots he owns remained at ₱925,000.
Only ₱100,000 increased for his personal properties and investments from ₱4.2 million in June to ₱4.3 million in December.
When he assumed the presidencyin 2016, Duterte quit being an incorporator of at least two businesses – Honda Cars and Poeng Yue Foundation, Inc.,
Duterte's common-law wife Honeylet Avanceña also bought no additional properties, with her assets remaining at ₱3.08 million.
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SOURCE: YOUTUBE, CNN