Dutertes’ net worth: Vice Mayor Rody richer than Mayor Sara by P1.56M

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DAVAO CITY (MindaNews/08 April) –  Mayor Sara Duterte posted a net worth of P16.24M in her Statement of Assets, Liabilities and Net Worth (SALN) as of yearend 2010 while her father, Vice Mayor Rodrigo Duterte declared a net worth of P17.71M, records obtained from the Office of the Deputy Ombudsman for Mindanao showed.

Based on their SALN 2010, the vice mayor’s net worth is higher by P1.56M compared with the mayor’s.

Mayor Duterte declared total assets worth P21.55M: P10.8M for real property and P10.74M for personal and other properties, with liabilities worth P5.30M.

Vice Mayor Duterte’s total assets are smaller than his daughter’s, at P19.21M: P2.76M for real property and P16.45M for personal and other properties, but his liabilities are also smaller, at P1.50M.

Mayor Duterte listed nine items under real property, totaling P10.80M: two parcels of agricultural lands in Catigan, Davao City purchased in 2007 worth P100,000 each;  another agricultural land in Malagos, Davao City purchased in 2008 worth P200,000; an agricultural land in Binugao,Toril, Davao City purchased in 2006 worth P250,000; another agricultural land in Sto. Nino, Babak, Davao del Norte purchased in 1999 worth P200,000;  two residential land and building in Ecoland , Davao City purchased in 1999 one of which is marked with “Bldg. 2011,” both totaling P3.06M; a residential land in Communal, Buhangin, Davao City worth P500,000; and a condominium unit  in Quezon City purchased in 2006 worth P6.39M.

Under personal and other properties, Mayor Duterte’s list amounted to P10.74M: Isuzu trooper acquired in 2003 worth P1.65M; motorcycles worth P719,800; cash on hand/bank worth P3.66M, household appliances, furniture, antiques worth P520,000; jewelries worth P248,000; investments worth P2.66M and a Honda CRV purchased in 2008 by her husband, lawyer Manases R. Carpio worth P1.27M.

Mayor Duterte’s liabilities, worth P5.30M include various personal loans for P2.13M and bank loan for P3.17M.

Vice Mayor Duterte listed 10 items under real property, worth P2.76M: four parcels of residential land in Bago Aplaya, Talomo, Davao City, purchased in 1996 worth P120,000 each or a total of P480,000; a residential land in Maa, Davao City, purchased in 1997 worth P150,000; another residential land in Maa purchased in 1997 worth P50,000; a residential land and building in Buhangin, Davao City purchased in 2008 worth P500,000; and three items under the name of Veronica A. Duterte, his daughter who turned six years old in 2010: a residential land in Matina, Davao City purchased in 2005 worth P380,000; residential land and building in 2007 whose mode of acquisition was “exchanged” but without indication with whom or with what it was exchanged for; and an agricultural land in Malagos, Davao City purchased in 2008 worth P1.2M.

Under personal and other properties, the mayor declared a total of P16.45M: a Volks sedan acquired in 1978 worth P40,000; a Toyota Rav 4 acquired in 1996 worth P800,000; a Nissan Patrol acquired in 1998 worth P500,000; motorcycles worth P350,000; cash on hand/bank worth P10.38M; household appliances, furniture, antiques worth P400,000; jewelries worth P250,000 and investments worth P3.72M.

Vice Mayor Duterte declared under liabilities, “miscellaneous payables” worth P1.5M.

He declared a net worth of P9.6M as of yearend 2007; P7.02M as of yearend 2004; P6.5M as of yearend 2003.

Under “business interests and financial connections,” Mayor Duterte listed four firms where she is “incorporator/stockholder”:  Davao Emerging Taipan Corporation, since 2004;  Davao Bounty Times Food Corporation, since 2007; City Hall King Chow Foods Corp., since 2007; and SGT Fortune Horse Corp., since 2010 . She also listed CYKT, Inc., where she is incorporator along with husband Maneses Carpio, since 2010.

Vice Mayor Duterte listed only one item under “business interests and financial connections”: as incorporator since 1997 in Honda cars, General Santos City.

Based on the SALNs filed with the Ombudsman’s Office in Mindanao, Mayor Duterte declared a net worth of P7.25M as of yearend 2007 and P18.49M as of yearend 2008 while Vice Mayor Duterte declared a net worth of P6.5M as of yearend 2003; P7.02M as of yearend 2004 and P9.6M as of yearend 2007.

Mayor Duterte served as vice mayor from 2007 to 2010 and was elected mayor in 2010. Her father Rodrigo served as city mayor from 1988 to 1998 and from 2001 to 2010, and congressman from 1998 to 2001. (Carolyn O. Arguillas/MindaNews)\

 

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