Robredo’s declared wealth may still change

Published June 17, 2021, 6:58 PM

by Raymund Antonio

The increase in wealth of Vice President Leni Robredo from P3.5 million in 2019 to P11.9 million last year is still subject to “final settlement” since the declared new assets, mostly properties in her home province of Camarines Sur, are part of inheritance from her late mother.

Vice President Leni Robredo (OVP/Facebook)

In her 2020 Statement of Assets, Liabilities, and Net Worth (SALN) obtained by Manila Bulletin, Robredo declared wealth—less liabilities of P11.9 million—grew to P11,904,280 million from P3.5 million in 2019.

This, she said, is due to the assets from her late mother, Salvacion Gerona, that were left to her care.

“So ako iyong parang executor. Hindi ko pa nga natatapos kasi marami pa kaming nadidiskubre na hindi namin—na wala sa listahan dati. Pero ako iyong nag-aasikaso dito ng lahat na naiwan na properties (So, I am like the executor. I am not done yet because we are still discovering a lot that are not in the original list. But I am the one taking care of it here),” she said over dzXL.

“So ni-report ko lang sa SALN iyong nasa akin. Ni-report ko iyong nasa akin pero wala pa kaming extrajudicial settlement kasi ang dami pang inaayos (So, I just reported it on my SALN. I reported what was with me but we do not have an extrajudicial settlement yet because there are still a lot of things to fix),” Robredo noted.

READ: Robredo cites inheritance for rise in 2020 net worth

Her SALN showed a house and lot in Concepcion, Naga City, one agricultural land in Mambulo Viejo, Libmanan, and one residential and three agricultural lands in Patong, Pamplona. All of these were declared as inheritance.

They have a total assessed value of P411,883 and a current fair market value of P2 million.

Two cars are listed also as “subject to final settlement”: a Honda Civic and a Suzuki Celerio.

Robredo said that she has yet to divide and distribute these with her two siblings because they are both working abroad and have yet to come home to fix their inheritance.

“So hindi ko alam kung babawas iyon. Hindi ko rin alam kung dadagdag kasi hindi pa namin lahat na naaayos (So, I don’t know if that will decrease. I don’t know, too, if it will increase),” she added.

Much of Robredo’s assets remained the same: a house and lot in Naga City with a market value of P2,768,875 and six lots in Naga City, including a memorial lot, totaling to P1.16 million.

READ: VP Robredo’s net worth rises to P3.5 M in 2019

Two lots—an agricultural land in Panicuason and the memorial lot at Eternal Gardens—have no declared assessed and market value.

Furniture and appliance remained at P1.5 million, jewelry at P100,000, prepaid insurance at P705,000, a 2010 Toyota Innova at P1.1 million, and a 2014 Toyota Grandia at P1.75 million.

And although her cash asset is at P16.8 million, she has liabilities totaling to P11.9 million. Robredo listed her creditors as the Estate of Marcelina Robredo (P1 million), the Estate of Jose Robredo (P2 million), Jose Robredo Jr. (P1.5 million), Jocelyn Austria (P2 million), Salvacion Gerona (P750,000), Pablito Chua (P1 million), Vicente Hao Chin Jr. (P2 million), and Rafael Bundoc (P2 million).

Aside from her mother’s properties, Robredo said they just recently fixed her husband’s, former Interior Secretary Jesse Robredo’s, properties.

They even had to search for a property in Naga that turned out to be a chapel that her late husband had to buy because the bank is foreclosing on it.

Technically, Robredo said the property does not belong to her husband but he declared it in his SALN nonetheless.