Robredo's 2017 net worth down to ₱1.1-M after poll protest payment

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Vice President Leni Robredo. (FILE PHOTO)

Metro Manila (CNN Philippines, May 16) — The net worth of Vice President Leni Robredo has dropped to more than a million, ₱7.76 million lower than her previous net worth in 2016.

According to her Statement of Assets, Liabilities and Net Worth (SALN) from the end of 2017, the exact value of the Vice President's net worth is ₱1,114,802.84.

In April 2016, her net worth was at ₱8,878,111.43. When she assumed the vice presidency on June 30, 2016, her net worth was declared to be ₱11,053,138.

The SALN noted that the drop in her net worth is due to payment of her counter-protest fee before the Presidential Electoral Tribunal (PET). It also noted Robredo's liabilities increased by ₱5 million.

Robredo's legal adviser Atty. Barry Gutierrez said she borrowed money to pay the protests fees required by the PET. Robredo paid the first tranche of a P15 million counter-protest fee in May after former Senator Bongbong Marcos filed an election protest against her, which sought to annul Robredo's proclamation and "declare him as the true winner."

"Supportive citizens raised money through contributions and attempted to submit to PET, but their petition was denied. So the VP had to raise the money herself," Gutierrez said in a message.

The Vice President's real properties for 2017 have stayed at ₱1,735,000 from her 2016 SALN. Her personal properties have decreased by almost ₱3 million, from ₱11.2 million in 2016.

Meanwhile, President Rodrigo Duterte's net worth is ₱8.5 million, up by ₱4 million since he assumed office in June 2016.