Former President Rodrigo Duterte left office in June 2022 with a net worth of P37.3 million, marking a significant increase compared to his declared assets when he assumed the presidency in June 2016. This information comes from Duterte’s Statements of Assets, Liabilities, and Net Worth (SALNs), as reported by Maki Pulido on “24 Oras” and sourced from GMA Integrated News Research.
When Duterte took office, his net worth was reported at over P24 million. By the end of his six-year term, this figure had risen by P13.3 million, reflecting a 55 percent increase. Specifically, Duterte’s reported assets in 2022 amounted to P38.8 million, up from P25.18 million in 2016.
Duterte’s holdings included seven residential lots, a house and lot in Davao City, and two vehicles. He also had cash on hand totaling P23.9 million. On the liabilities side, Duterte reported a single obligation: a P1.5 million loan.
During his presidency, Duterte received a monthly salary of P411,000, corresponding to Salary Grade 33. If he had saved his full salary over six years without spending, he would have accumulated approximately P29 million. This context highlights that the growth in his net worth is not solely from his government salary but also reflects his other assets and financial management over his term.
The former President, now 80 years old, has been detained at The Hague since March. He faces serious allegations of crimes against humanity tied to his controversial anti-drug campaign carried out during his presidency and earlier as Davao City mayor. These proceedings have drawn international attention, adding a complex layer to discussions about Duterte’s legacy, both financially and politically.
Experts analyzing SALNs note that a 55 percent increase over six years aligns with trends seen among other long-serving public officials, considering property appreciation, investments, and accumulated savings. Duterte’s case also underscores how asset declarations provide transparency on financial growth during public service.
Despite the legal battles he currently faces, Duterte’s financial disclosures show a steady upward trajectory in personal wealth. Observers point out that public scrutiny of such reports remains essential to maintaining accountability among elected officials, offering citizens insight into how officeholders manage personal assets alongside official responsibilities.