Read how Robredo’s wealth in 1st 6 moths compares to ex-VP Binay

Vice President Leni Robredo’s wealth sunk by over P2 million or a drop of 19.7% over a 6 month period after being elected to the second highest position in the country.

In contrast, her predecessor, former Vice President Jejomar Binay saw his net worth drop by only around P666,000 within the first 6 months of his term back in 2010.

In her declared SALN dated June 2016, Robredo who served as Camarines Sur 3rd district representative portrayed a net worth of P11.05 million. Six months later, it dropped to P8.88 million, a difference of over P2 million, or a 19.7% drop in her wealth.

According to report, the VP’s drop in her net worth as of December 2016 was due to the decrease in her cash assets.

Personal properties comprised the bulk of her assets in both of her June and December 2016 SALNs.

In her entry SALN, Robredo had P11.12 million worth of cash, as well as jewelry, furniture, and prepaid insurance acquired during various years. She also declared having a Toyota Innova worth P1.12 million acquired in 2010, and a Toyota Grandia worth P1.75 million acquired in 2014.

All in all, her personal assets totalled P16.22 million.

Meanwhile, Robredo also listed 8 real properties worth P1.74 million, all located in Naga City.

From P11.12 million worth of cash in June 2016, this dropped to P8.94 million in December 2016 – or a difference of over P2 million.
On May 18, Robredo’s camp declared that her expenses in the election protest file by his number one opponent for the vice presidential seat, Bongbong Marcos has affected her net worth.

“Vice President Leni Robredo’s net worth decreased due mostly to expenses in relation to the election protest filed by Bongbong Marcos, such as filing fee, as well as family and personal expenses,” lawyer Barry Gutierrez said in a statement.

Source: Rappler