InterAksyon.com
The online news portal of TV5
MANILA, Philippines - President Benigno Aquino III said on Wednesday that his net worth in 2011 increased from his inheritance and after his sisters bequeathed to him their shares in the family residence on Times St., Quezon City.
"There is an increase and the increase primarily is because of the inheritance that I got from both my father and my mother, which were finalized in 2011," Aquino said.
"A major (contributor to the increase) is the Times residence. My sisters have decided to bequeath their portions to me also. So whereas last year I only had a share of one out of five, now the it is five-fifths or the entirety is my property and my responsibility," he added.
Aquino filed his statement of assets, liabilities and net worth on April 24 but the Office of the Ombudsman has yet to make the document public.
Aquino assured the public that his assets and liabilities have been "itemized" in his SALN.
In June 2010, Aquino declared a net worth of a little over P50.194 million.
His second SALN as president, filed in April 2011, declared him worth P54.999 million.
