VP Robredo's 2016 net worth down to ₱8.88M

Metro Manila (CNN Philippines, May 16) — Vice President Leni Robredo's net worth is down by more than ₱2 million since she took office in June 2016.

Her latest Statement of Assets, Liabilities and Net worth (SALN), released by the Office of the Ombudsman on Tuesday, showed a net worth of ₱8,878,111.43 as of December 31, 2016, from ₱11,053,138 in June 2016.

Robredo declared owning less cash on hand or in her bank accounts. In her SALN last June 30, she reported owning ₱11,115,138 in cash, but in her SALN from December 2016, she said she now only owns ₱8,940,111, representing a ₱2.18-million decrease in her total assets.

Robredo declared she didn't purchase additional properties, jewelries, and vehicles in her first six months as the country's vice president.

Her SALN also shows she still has "shares of stock" at Meralco.

 

The Vice President, who is in the middle of a poll protest against her election rival Sen. Bongbong Marcos, was asked by the Supreme Court to pay her counter-protest fee to move the complaint.

The Presidential Electoral Tribunal asked Robredo to pay a total of ₱15.4 million, ₱8 million of which she was able to pay last May 2.

Her legal counsel has said a portion of the money came from the Vice President's personal funds. The rest of the fee was loaned from the relatives of her late husband Sec. Jesse Robredo, namely, Vicente Hao Chin, Pablito Chua, and Rafael Bundoc.

Meanwhile, President Rodrigo Duterte's net worth grew by ₱3.4 million in his first six months as chief executive.

Related: Duterte's 2016 net worth up at ₱27.4M

He said last May 13 that the increase in his wealth came from the donations he received during the 2016 elections.

CNN Philippines' AC Nicholls, Eimor Santos contributed to this report