Inheritance boosts PNoy’s 2011 net worth

Posted at 05/02/12 7:02 PM

MANILA, Philippines - President Benigno Aquino's net worth increased in 2011.

Although he did not tell reporters what his new net worth was,  Aquino said the increase was due to the inheritance he got from his late parents.

For 2010, Aquino disclosed a net worth of nearly P55 million, which is P4.8 million higher since he became president in mid-2010.

He also disclosed ownership of several motor vehicles, including his purchase of a second-hand white Porsche.

Aquino sold the Porsche in 2011 after he got flak for purchasing a luxury car while calling for austerity.

Public servants had until April 30 to file their 2011 statements of assets, liabilities and net worth (SALN) – from a report by Lyn Niebla, ABS-CBN News Bicol