Robredo’s net worth rose by P1.2 million in 2018

Robredo’s net worth rose by P1.2 million in 2018

Vice President Maria Leonor “Leni” Robredo is consistently in the news most especially on issues that is against the policies of the Duterte administration.
News came out recently regarding the Vice President’s net worth that rose to P2.31 million in 2018 from P1.1 million in 2017—an increase of P1.2 million due to increases in her personal properties.

As per the vice president’s Statement of Assets, Liabilities and Net Worth (SALN) as of Dec. 31, 2018, the increase in her personal properties was due to an additional P1.18 million in “cash” and P25,000 worth of “prepaid insurance” compared to 2017. 

Vice President Leni Robredo (photo credit to owner)

The value of her real properties remained unchanged since 2013 at P1.74 million. Her declared liabilities of P11.9 million meanwhile, remained unchanged since 2017. 
The growing average of Robredo’s net worth is six percent annually over the last six years since 2013, when she was the Representative of the 2nd District of Camarines Sur.
Her net worth had a sharp decline in 2017, when it decreased to P1.11 million from the P8.88 million she declared in 2016 due to the “partial counter-protest fee deposited with PET” [Presidential Electoral Tribunal], according to a note in her 2017 SALN. This was in relation to the electoral protest case lodged against her by former Senator Ferdinand “Bongbong” Marcos, Jr. on the 2016 vice presidential race.

The case is still pending before the Supreme Court (SC), sitting as PET. 
Her “cash” decreased by P2.76 million while her liabilities increased by P5 million that year compared to 2016. 
Robredo’s SALN came from the Office of the Vice President after the Office of the Ombudsman—the official repository of the SALN of the President, Vice President, and Chairperson and Commissioners of Constitutional Commissions—held SALN requests “in abeyance” pending a “review and revision” of its policies on the release of SALNs. 

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Report from ABS CBN News

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