Everything you've wanted to know about RP politics, but were afraid to ask.

After 9 years, GMA richer by P79 million

Posted by akosistella on May 1, 2010


MANILA, Philippines – President Arroyo’s wealth has more than doubled to P145.7 million since assuming power in 2001.

Based on her Statements of Assets and Liabilities and Net Worth (SALN) filed with the Office of the Ombudsman, Mrs. Arroyo’s net worth grew by P79 million from only P66.7 million.

Her SALN also showed her stocks and notes receivables at P71.3 million and P13.8 million, respectively, as of Dec. 31 last year.

Her cash on hand and in banks went down from P53.3 million in 2001 to P39.4 million last year, but the value of her jewelry went up to P3.4 million from only P1.2 million nine years ago.

via Philippine Star.

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