The spike in his net worth was, in fact, first recorded in June 2010, a month after the elections, when Aquino filed his mid-year Statement of Assets, Liabilities, and Net Worth (SALN), as the law requires all winning candidates to do before they can assume office.


In June 2010, Aquino reported a net worth of P50,194,000. This would increase by P4 million in the next six months, hence the P54-million net worth that he declared in the end-2010 SALN that he filed on Apr. 25, 2011.


The rate of increase in Aquino’s wealth in the last year is unequalled by even his own record from 1998, when he first filed his SALN as a member of the House of Representatives, representing his home province of Tarlac. On his first term in the House, Aquino declared a net worth of only P8,707,247, which rose to P13,941,627 in 2007. This translates to a net increase in his wealth of only P5,234,380, or a growth rate of only 60 percent in nine years.



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The wealth of P-Noy