PNOY'S WEALTH UP P4M SINCE JUNE

MANILA, Philippines - The President has a monthly basic salary of P95,000, or P63,000 after tax and other deductions.

In a year, President Aquino's income has reached P1.2 million.

Since assuming office on June 30, 2010, President Aquino’s wealth grew by P4 million, according to his latest Statement of Assets, Liabilities and Net Worth (SALN).

From P50.1 million when he became president, his net worth rose to P54.9 million, as of December 31, 2010.

The President earned from proceeds of a residential lot in Antipolo sold by the Cojuangco family. Hence, the real estate property listed in 2010 had receivables worth P17 million.

The President's cash also grew, after selling P4.7 million worth of shares in 8 companies owned his family, including shares of stock in Central Azucarera de Tarlac that runs the family's sugar estate, Hacienda Luisita.


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