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Robredo’s net worth dips by P2M in first 6 months as VP

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Vice President Leni Robredo’s net worth declined by more than P2 million in her first six months in office, her latest Statement of Assets, Liabilities and Net Worth show.

As of December 31, 2016, Robredo’s net worth was P8,878,111.43, in contrast to the P11 million she had back on June 30.

The reduction in the Vice President’s wealth was caused by a dip in her cash: she had P11.1 million when she assumed office but by the end of the year, she only had P8.9 million.

All other aspects of Robredo’s SALN, including her real and personal properties, as well as liabilities, remained the same.

The Vice President’s real properties, which consist of two residential lots, three agricultural lots, one memorial lot, one orchard lot, and one residential house, have a total acquisition cost of P1.7 million.

Her liabilities, meanwhile, reached P6.9 million due to loans from the relatives of her late husband, Jesse Robredo, and other people.

Robredo indicated in her SALN that she has shares of stock from Meralco that were acquired over the years.

Compared to the Vice President, President Rodrigo Duterte’s net worth increased by more than P3 million between June 30 to December 31, 2016.