How rich is PNoy (Pres. Noynoy Aquino)?



How rich is the most powerful man in the Philippines?
If we are to rely merely on Pres. Benigno “Noynoy” Aquino’s official declaration in his Statement of Assets, Liabilities and Net Worth (SALN), we can say that he is rich compared to the “average” Filipino but is nothing compared to the richest Filipinos in the Philippines.
According to his SALN, an official document required to be submitted by all Filipino public officials and employees, Noynoy Aquino’s net worth is around P55 million as of the end of 2010.
Net worth is defined as total assets less total liabilities. Noynoy Aquino’s assets — which include cash on hand and in bank, real properties, and personal and other properties — total around P55.22 million. He only has one liability: around P200,000 worth of taxes payable to the Bureau of Internal Revenue (BIR).
A summary of his 2010 SALN is as follows.
[TABLE=84]
The bulk of his receivables are the proceeds from the sale of stocks he used to own in his family’s eight companies, including Central Azucarera de Tarlac which manages Hacienda Luisita.
His real properties consist of a residential lot and an agricultural land in Tarlac City, an agricultural land in Capas, Tarlac, a house and lot in Quezon City, and a commercial lot in San Juan City.
Assuming all these information are accurate and true, PNoy’s net worth is just average compared to the wealth of his Cabinet secretaries and other Filipino senators. This is actually peanuts when compared to the riches of Manny Villar or Manny Pacquiao.
But the bigger picture is that millions of Filipinos remain to be poor, with net worth amounting to not even a fraction of PNoy’s wealth. Thus, part of Pres. Noynoy Aquino’s goals should be to increase the net worth of the majority of Filipinos. That could very well be his legacy to the Philippines.

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more
blank

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more
blank

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more
blank

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more
blank

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more
blank

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more
blank

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more
blank

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

9 thoughts on “How rich is PNoy (Pres. Noynoy Aquino)?”

  1.  If he wanted to increase the net worth of each Filipinos, they should implement a strategic program to educate people about Personal Finance and Investments. 
    InvestmentPhilippines.com

    Reply
  2. dapat turuan ang average students on how to save something on their allowances, put them in the bank and invest in mutual funds, presto by the time they are getting married and starting their families they are already financial stable

    Reply
  3. This information is not true. Noynoy networth asset is far more than this. That’s the reason he can not show his SALN as requested by Bishop Cruz and others

    Reply
  4. My dream retirement would possibly be a pair a long time in distinctive countries, enjoy and absorbing the globe around me with a loved one particular!

    Reply

Leave a Comment