Aquino richer by P4M; Binay P.6M poorer
By Leila B. Salaverria, Christine O. Avendaño
First Posted 02:21:00 05/10/2011
Source: Philippine Daily Inquirer
MANILA, Philippines—President Benigno Aquino III is worth nearly P55 million and is P4.8 million richer since becoming Chief Executive last year, according to his statement of assets, liabilities and net worth (SALN) for 2010.
Still, Vice President Jejomar Binay is a few million pesos richer than Mr. Aquino. Binay is worth P58.1 million, based on his 2010 SALN.
Mr. Aquino, who bought himself a used Porsche for Christmas, has motor vehicles worth P8.7 million, according to his latest SALN submitted to the Office of the Ombudsman on April 25.
His motor vehicles are among his personal and other properties which amount to P33.16 million. His other assets are cash on hand and in banks worth P6.22 million; receivables of P17.03 million; and other assets valued at P1.20 million.
The President’s real properties were valued at P22.07 million. These consisted of a residential lot in Tarlac City, agricultural land in Tarlac City, agricultural land in Capas, Tarlac, a house and lot in Quezon City and a commercial lot in San Juan City.
The residential lot and the agricultural land in Tarlac City were purchases and were acquired in 1997 and 1987. The rest of his real properties were part of his inheritance.
The President has only one liability—his tax payables to the Bureau of Internal Revenue placed at P228,961.
These put his net worth at P54.99 million, up P4.80 million from P50.19 million when he assumed office on June 30 last year.