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THE RICHEST POLITICIANS IN PHILIPPINES

President earns P11-M
MANILA – President Gloria Macapagal Arroyo grew richer by more than P11 million last year as her net worth increased to P99.616 million from P88.588 million in 2006, according to her SALN. In her SALN filed with the Office of the Ombudsman last April 28, the President declared a total net worth of P99,616,446. 84 for 2007. It was around 50 percent, or about P32.87 million, higher than her net worth since she assumed office in 2001 when she reported a net worth of P66,747,103. 36. The President’s annual salary is P693,000. A copy of her SALN, obtained by The STAR, showed that Mrs. Arroyo declared seven real properties amounting to P6,875,637. Among these is a fishpond in Malolos, Bulacan, which she bought last year for P500,000.

The President also has a house and lot in Baguio; residential lot in Antipolo City in Rizal; commercial lot in Tayabas in Quezon;
agricultural lands in San Rafael, Bulacan and Nasugbu, Batangas; and raw land in Coron, Palawan. As for her personal and other properties, Mrs. Arroyo has declared a total of P93,356,509. 84. Over a third of the assets came from her stocks amounting to P62.919 million.

Her cash on hand and cash in bank amounted to P11,266,853. 51. She said her cars amounted to P6,875,476 and her pieces of jewelry were worth P3.4 million.

Mrs. Arroyo?s real and personal assets in 2007 amounted to P100,232,147. 84. Her liabilities, on the other hand, totaled P615,700 for the same year. In 2006, she declared liabilities in the form of ?notes payable? at P3,647,802.65.

The President declared she has no business interest nor other financial connections, including those of her spouse and unmarried
children below 18 years old living within her household. She also declared that five of her family members or relatives are working for the government. They are her son, Pampanga Rep. Juan Miguel Arroyo; brother-in-law Negros Occidental Rep. Ignacio Arroyo Jr.; sister-in-law Ma. Lourdes Arroyo, listed as personal secretary III in the House of Representatives; cousin Erlinda M. B. de Leon, a confidential secretary in the Office of the President; and cousin-in-law Carlos de Leon, a special assistant in her office.
In 2002, the President posted a net worth of P72,048,559. 88, which
increased to P75,697,687. 45 the following year.

Vice President Noli de Castro, meanwhile, also grew richer by some P2.3 million in 2007 compared to the previous year.
The Vice President, whose real name is Manuel de Castro Jr., declared a net worth of P54,605,801. 25 last year, which increased
from his net worth of P52,305,801. 25 in 2006.

De Castro, former vice president for current affairs at ABS-CBN Broadcasting Corp., is married to Arlene de Castro. She has a monthly salary of P46,200.

De Castro’s real properties are worth P35,945,801. 25. It was the same amount he declared for 2006, which means he did not purchase any property last year.

In his SALN filed with the Ombudsman last April 28, which was also obtained by The STAR, the Vice President said his personal and other properties in 2007 amounted to P23.16 million.

He declared total liabilities last year of P4,500,000 ? also the same amount of liabilities he declared in 2006.
Among the properties listed in his SALN are houses and lots in Lagro, Novaliches (P40,000) which underwent improvements worth
P200,000, and in Tierra Pura Homes, Tandang Sora (P3.5 million) with improvements costing P6 million.

Lots in San Jose del Monte, Bulacan (P2,731,440) , Mindoro P300,000), and Forest Hills, Antipolo (P3,832,500) were listed,
plus a house in San Jose del Monte built in 2003 with improvements of P3,000,000. He also declared a house and lot in Barangay Pasong Tamo, Quezon City (P1,400,000) , and in San Antonio Heights, Batangas (P695,000). In 2004, De Castro purchased a house and lot in Barangay Pasong Tamo, Quezon City for P7,743,371.25.

The following year, he acquired another house and lot there for P6,503,490. For his personal and other properties, the Vice President declared the following: Jewelry (P1,220,000) , appliances and furniture P2,060,000) , ?paintings and artworks acquired in 2006? (P180,000), motor vehicles, namely a Suburvan (P2.9 million) and a Ford Expedition (P2.5 million), both acquired in 2004.
Shares of stocks in ABS-CBN acquired in 1986 were worth P1 million.

His cash in bank amounted to P10 million. De Castro also declared two business interests and financial connections: ABS-CBN, where he bought shares of stocks (preferred) in 1986; and Bayan Productions Company, Inc., where he has been on the board of directors since 1988.

De Castro declared five relatives working for the government. They are: nephew Dr. Grimaldo Catapang, provincial veterinarian based in Calapan, Oriental Mindoro; niece Veronidia Catapang, who works for the Department of the Interior and Local Government?NCR in Quezon City; niece Dr. Florecita Catapang, revenue collection officer based in Socorro, Oriental Mindoro; niece Janice Anne Pasco, who works in the Office of the Vice President; and cousin Allan Leuterio, director of Department of Environment and Natural Resources in Region IV-A.

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