PRESIDENT Marcos tapped an appraiser to make his last year’s Statement of Assets, Liabilities, and Net Worth (SALN) more transparent and updated, Malacañang said on Thursday.
Palace Press Officer Claire Castro made the statement when asked why the President’s SALN contained a net worth value based on the appraisal report made by Cuervo Appraisers, Inc.
Castro said the appraisal by the independent appraiser made the content of the SALN more reliable and updated than if the President just relied on his own assessment to determine the value of his net worth.
‘Wouldn’t it be better if you could see what your value is, the updated value of your properties-better, clearer, more transparent,’ Castro said in Filipino in a press briefing.
In his 2024 SALN reported by GMA News online, Marcos estimated his net worth grew to more than P398 million from P329.23 in June 2022, when he assumed the Presidency.
It also contained a valuation report of Cuervo, which showed the President’s net worth rose to P1.375 billion from P960.7 million in 2022.
Among the Chief Executive’s declared assets are P142.026 million worth of 21 pieces of real estate property, cash worth P38.7 million, investments worth P134.192 million, and P247.33-million worth of pieces of jewelry, vehicles, and paintings.