Philippines Report

Robredo’s net worth up to P11.9M in 2020

Robredo's net worth up to P11.9M in 2020

THE net worth of Vice President Maria Leonor “Leni” Robredo is up to P11.9 million in 2020, the third and biggest increase in her wealth since she was elected into office in 2016.

A copy of her latest statement of assets, liabilities, and net worth (SALN) acquired by The Manila Times from her office showed her net worth totalling P11,904,280.

This is P8.4 million greater than Robredo’s 2019 net worth of P3.5 million, which was attributed to the growth of her assets from P15.4 million to P23.8 million last year.

These assets are Robredo’s cash on hand from P8.6 million in 2019 to P16.9 million in 2020. Her prepaid insurance also increased from P655,000 to P705,000.

The cost of Robredo’s other personal properties, however, remained the same as in 2019. Her furniture and appliances stayed at P1.5 million; jewelry, P100,000; Toyota Innova, P1.12 million; and Toyota Grandia, P1.75 million.

The Vice President’s new assets include two more vehicles: a Honda Civic and a Suzuki Celerio. No acquisition costs were indicated, but it was stated that the “increase or additional” was “due to inheritance, subject to final settlement.”

The total value of her eight real properties in her hometown in Camarines Sur remained at P1.735 million.

The recent SALN of Robredo also indicated that she inherited seven more properties in Naga City and the towns of Mambulo Viejo, Libmanan and Patong, Pamplona.

The Vice President now owns 15 real properties c;assified as residential, agricultural, memorial, and orchard.

As for her liabilities, her loans payable amount to P11.9 million, the same amount she reported in the last two years.

Robredo also declared that she still has “shares of stock” at the Manila Electric Company (Meralco); and that she has a sister-in-law and a brother-in-law serving as doctors at the state-run University of the Philippines-Philippine General Hospital.

The Office of the Ombudsman, which has official custody on the declaration, had said the SALN of Robredo will remain accessible to the public. It can also be requested through the office of the Vice President.

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