Most of the Aquino’s Cabinet members are rich

0
419

President Benigno Aquino of the Philippines arrives at Naypyitaw international airport to attend the 24th ASEAN SummitManila: In President Aquino’s Cabinet of mostly multimillionaires, the richest got richer while the rich got slightly less rich.

The same officials topped the list of the Philippines’ richest Cabinet members, with a few switching places but generally gaining some more millions, according to copies of the Cabinet’s individual statements of assets, liabilities and net worth (SALNs) released to the press yesterday.

Foreign Secretary Albert del Rosario remains the richest among the 34 Cabinet officials, with his wealth pegged at P765.38 million, up by nearly P60 million from his 2012 declaration.

The country’s top diplomat, formerly a businessman known for giving up his government salary for distribution to employees at the Department of Foreign Affairs (DFA), declared no liabilities.

The bulk of his bank account comes from investments in corporate stock—a total of P665.46 million-while about 10 percent accounts for properties.