How much does Duterte own? Duterte biggest net growth versus rivals
With numerous allegations popping up against Duterte in the past few days, interest of his Statement of Assets, Liabilities, and Net Worth increased. The Philippine Center for Investigative Journalists bared in an ABS-CBN article a comprehensive list of Duterte's properties in his SALN. While the article does not accuse anything on the mayor, it did not an interesting trend behind Duterte's SALN when compared to other candidates SALN. This list only includes the reported SALN's, and it does not factor in the allegations thrown at Duterte.
Duterte's declared in his 2015 SALN that he was worth P23,514,569.93. This was just P1.54 million more than his 2014 net worth. Meanwhile, his cash on hand/in bank is declared to be P14,839, 699.30.
This is where it gets interesting. Duterte has ruled Davao for a long period of time. Naturally, there would be records of his SALN early on. The PCIJ's archives for 1997 on Duterte lists his declared net worth at only a mere P897,792. So from 1997 to 2015, that's a 2,519% increase or growing at 132.6% per year. His net worth more than doubles every year, for the next 19 years.
In comparison, Jejomar Binay, a politician currently battling corruption cases, had a net worth of P2.9 million in 1989. By 2014, his net worth increased to P60.20 million. That's a cumulative uptick of 1,975% increase for 25 years or only 79% per year compared to Duterte's 132.6% per year.
Since Mar is no longer a politician, he no longer needs to file his SALN for this year. However, there can still be records drawn from his SALNs when he was still serving the government. His net worth in 1993 was P12.76 million, upscaling to P202.08 million in 2014. Combined, that's P 1,483% total growth or P70.61% growth per year for 21 years.
Miriam showed that lowest gains, only 52.14% growth or 2.6% per year for 10 years. In 1994, she was valued at P48 million. In 2014, she was valued at P73.03 million.
Poe, surprisingly, is losing money. Having been only a new politician in recent years, the neophyte senator's net worth in 2010 when she first ran for senator was P152.5 million, but in 4 years has slipped to P89.46 million. This translates to regression of 41.34% for four years or 10.32% per year.
While SALN's are never the perfect measure of candidates' true amount of money, it does give an interesting insight on what are the trends in their money as they stay longer in office.