Who's richer? Who's poorer?

Robredo, Escudero, Trillanes:
What their 2015 SALN show

THREE OF THE SIX candidates for vice president have released copies of their respective Statement of Assets, Liabilities, and Net Worth (SALN) for 2015 within 24 hours upon receipt of PCIJ’s request.

The three – Senator Francis Escudero of Team Galing at Puso, independent candidate Senator Antonio Trillanes IV, and Representative Leni Robredo of the administration Liberal Party — separately declared slight upticks and downturns in their net worth from a year ago.

As of last yearend, Robredo said her net worth was P 8,711,803; Trillanes, P5,984,089.77; and Escudero, P5,847,082.09.

PCIJ has no copy as yet of the 2015 SALN of the three other candidates for vice president: Ferdinand Marcos Jr. of the Nacionalista Party, Gregorio Honasan II of the United Nationalist Alliance, and Allan Peter Cayetano, also of the Nacionalista Party.

As of their 2014 SALN on file with the PCIJ, Marcos is the richest of the six candidates for vice president with net worth of P200,598,008.22, Cayetano is a distant second with P23,314,540, and Honasan third with P21,225,615.91.


MARIA LEONOR GERONA ROBREDO, widow of Interior and Local Government Secretary Jesse Robredo who died in a plane crash in 2012, reported a P400,000 uptick in her SALN for 2015 from only P8,302,123.70 in 2014.
She also declared an increase in total assets at P17,111,803, or P2 million more than what she had in 2014, P14,932,123.70. At the same time, though, she also increased her liabilities by P1.5 million, or from P6.9 million in 2014 to P8.4 million in 2015.

As in 2014, she reported having the same eight pieces of real assets, all located in Naga City, with combined acquisition cost of P1.735 million: three agricultural lots located in Del Rosario and Panicuason; an orchard in Pacol; a house in Dayangdang; two residential lots located in Dayangdang and Sta. Cruz; and a memorial lot at Eternal Gardens.

What grew in value, however, are Robredo’s personal properties: P15,376,803 in 2015, including a P2-million increase in her “cash” assets to P10,273,803, from P8,049,123.70 in 2014.

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She enrolled unchanged values for her other personal properties in her latest SALN:

• Furniture, appliances, and other equipment, P1,500,000;
• Jewelry, P100,000;
• Pre-paid insurance, P630,000;
• A Toyota Innova acquired in 2010 at a price of P1,123,000; and
• A Toyota Grandia acquired in 2014 at a price of P1,750,000.

Her liabilities registered an increase, too. These include loans she acquired from family members, notably:

• Loans Payable to the “Estate of Marcelina Robredo” and “Estate of Jose Robredo,” unchanged at P1 million and P2 million, respectively;
• Loan from Jose Robredo, Jr., increased from P1.15 million to P1.65 million;
• Loan from Jocelyn Austria, increased from P2 million to 2.5 million; and
• Loan from her mother Salvacion Gerona, up from P750,000 to P1.25 million.

Robredo also declared shares of stock in Meralco, with business address in Pasig City, which she said were acquired at “different years.”

She named two relatives in government: Josephine and Rafael Bundoc, sister-in-law and brother-in-law, both doctors in UP PGH Manila.

Robredo only has one child of minor age, Jillian Therese, who is now 16 years old.


FRANCIS JOSEPH ESCUDERO declared a net worth of P5,847,082.09 in his SALN for 2015, nearly P200,000 less than that in his 2014 SALN of P6,049,082.09.

He said he owns one-sixth of five real properties acquired by succession in 2013, including four residential properties located in Barangay Culiat in Quezon City, and Maharlika Highway in Barangay Buhatan, Sorsogon City.

An agricultural lot in Maharlika Highway, Sorsogon City, was enrolled in his SALN to have been inherited.

Escudero said he also also owns one-sixth of “Marketable Securities” with a fair market value of P105.414.79.

The senator valued his total personal properties at P5,847,082.09 in his latest SALN, a bit lower than his 2014 declaration of P6,049,082.09.

A vintage car aficionado, Escudero said his personal properties include

• A 1995 Range Rover Classic acquired in 2011 at P1 million;
• A 1969 BMW 2002 acquired in 2011 at P333,640.80:
• A 2008 Toyota Land Cruiser acquired in 2014 at P1.3 million;
• Jewelry and other personal properties valued at P1.405 million,;
• Shares in “Partnership Int.” worth P213,441.29; and
• “Cash” amounting to P1.6 million.

As in his 2014 SALN, in his 2015 SALN Escudero declared zero liabilities.

In two separate sheets, however, he listed the “exclusive properties of the declarant’s spouse and unmarried children below eighteen (18) years of age living in declarant’s household.”

In the first sheet, he enrolled the assets and liabilities of his wife, Love Marie O. Escudero, who is also known as the TV/movie star Heart Evangelista.

The properties in Love Marie’s name that Escudero declared include a condominium in Salcedo Village, Makati acquired in 2005 at P8.5 million and a unit in Fairways Tower in BGC, Taguig, acquired in 2009 at P3.91 million.

The actress also declared her cash at P44.31 million, investment in stocks at P15.37 million, motor vehicles acquired in various years at P3.98 million, and jewelry and other personal properties at P6.85 million.

Also among the declarations is a bank loan at Banco de Oro Unibank, Inc. amounting to P3.09 million. Love Marie disclosed her being a stockholder since 2014 of Bigheart Holdings, Inc.

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In the second sheet of assets, Escudero listed the properties in the name of his twin children by his first wife: two residential units in Woodside Homes, New Manila, Quezon City, both of which were acquired in 2012 by virtue of a court order. Each of Escudero’s two children also has P959,193.17 cash declared in the senator’s SALN.

Since 1994, Escudero said he has been a partner at Escudero Marasigan Vallente & E.H Villareal Law Offices, with business address at Manila Luxury Condominium in Ortigas Center, Pasig City.

Five relatives in government were named in Escudero’s SALN, four them occupying elective posts:
• His mother Evelina Escudero, incumbent representative of Sorsogon’s 1st District;
• Paternal uncle Antonio H. Escudero Jr., vice governor of Sorsogon;
• Paternal uncle Ramon Escudero as vice mayor of Casiguran, Sorsogon;
• Paternal cousin Krunimar Antonio Escudero II, Sorsogon provincial board member; and
• Paternal cousin Krunimar Antonio Escudero III, legal officer at the Civil Service Commission.


ANTONIO TRILLANES IV declared a net worth of P5,984,089.77, over a million pesos more than the P4,912,000 that he reported in his 2013 SALN.

The senator declared total real assets of P5.9 million, total personal properties of P6.61 million, and liabilities of P6.2 million, as of Dec. 31, 2015.

His real assets included a residential lot at the Metropolis Greens Subdivision in General Trias, Cavite acquired from 1998 to 2011 at P452,000; a residential lot in Town and Country Executive Village, Antipolo, Rizal acquired in 2009 at P2 million through loan; a residential unit with one parking slot in Woodsville, Parañaque acquired in 2010 at P3.45 million through loan; and an inherited residential lot in Barangay San Isidro, General Santos City acquired in 2012.

Trillanes disclosed his cash on hand and in bank to be worth P2.7 million; jewelry, furniture, and antiques, P550,000; and investments at P600,000. He said he owns a Mitsubishi Montero that he acquired in 2013 at P1.17 million, and a Toyota Fortuner. acquired in 2014 at P1.25 million.

In his SALN for 2013, Trillanes valued his personal properties at a higher P6.61 million in total.
His liabilities went down from P7.6 million to P6.2 million, as of December 2015. These included, he said, housing loans from Pag-ibig Fund amounting to P1,203,200.00 and Bank of the Philippine Islands at P1,322,872.00; car loans at PS Bank, P515,686.73, and Banco de Oro, P143,151,50; and a personal loan he valued at P3 million.

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Trillanes declared two relatives in government: his brother Antonio F. Trillanes III, his personal staff at the Senate; and his sister-in-law Pia Jane Trillanes, his personal staff in Commission on Appointments.

The senator also provided a breakdown of the sources of income of his immediate family for 2015:

• His income as senator, P1.08 million;
• Spouse’s income as professor at National University, P950,000;
• “Donation from Family”, P600,000; and
• Interest income from AFPSLAI, PNSLAI, and PAFCPIC of P420,000.

Altogether, these amounts yield a total annual income of P3.05 million for his family, Trillanes stated in his latest SALN. – PCIJ, May 2016
For details, check out PCIJ’s Money Politics Online