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Legarda’s networth was P47M for 2011

/ 02:31 AM May 03, 2013

Sen. Loren Legarda. INQUIRER FILE PHOTO

In her statements of assets, liabilities and net worth (SALNs) from 2007 to 2011, Sen. Loren Legarda listed 48 Dunwoody St. in University Hills Subdivision in Malabon City as her home address.

Her annual gross salary was P364,720 and P420,000 in 2007 and 2008, respectively.

Legarda’s net worth was P45,990,565 in 2007; P45,590,565 in 2008; P45,545,565 in 2009 and 2010; and P47,028,755 in 2011.

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In 2007, she declared real, personal and other property worth P45,990,565.

It was broken down into P625,000 cash on hand and in banks; motor vehicle worth P1,950,000; jewelry, antiques and artworks worth P15,000,000; investment in shares of stock in Manila Polo Club by Loren Legarda and Associates Inc. (LLAI) and Bai-A-Labi Corp. worth P2,871,965; receivable from/advances in LLAI worth P15,941,000; private insurance worth P2,427,600; and equity in real property co-owned with brothers, etc. worth P7,175,000.

Legarda’s real, personal and other property was almost the same in 2008, 2009 and 2010. The only change was in the amount of cash on hand and in banks, which was down to P225,000 in 2008 and to P180,000 in 2009 and 2010.

Her SALN showed she had no liabilities from 2007 to 2010.

In 2011, her real, personal and other property rose to P68,553,755. It consisted of P7,963,190 cash on hand and in banks; motor vehicle worth P1,950,000; jewelry, antiques and artworks worth P8,000,000; investment in shares of stocks in Manila Polo Club by Loren Legarda and Associates Inc. (LLAI) and Bai-A-Labi Corp. worth P3,221,965; receivable from/advances in LLAI worth P16,291,000; private insurance worth 2,427,600; and real property in the United States worth P28,700,000.

It was only in 2011 when Legarda listed the real property in the United States. The property turned out to be a 708-square foot condominium unit on Park Avenue in Manhattan, New York City. (See story on Page 1.)

However, she listed liabilities worth P21,525,000, which was the equity of co-owners (father and brothers) in real property. Inquirer Research

Sources: Legarda’s SALN from 2007-2011

TAGS: 2013 elections, Loren Legarda, SALN
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