Vice President Sara Duterte’s declared net worth has climbed dramatically since she first entered local politics, rising from about P7.25 million in 2007 to P98.66 million in 2025, according to her Statements of Assets, Liabilities and Net Worth (SALNs).
The figures are drawing renewed attention as her financial disclosures are being examined in connection with the ongoing impeachment proceedings.
Records presented and reported by multiple Philippine news organizations show that Duterte’s declared wealth increased substantially over the years she served in public office.
From P7.25 million to P98.66 million
When Duterte became Davao City vice mayor in 2007, her declared net worth was P7,250,497, according to SALN records reviewed by GMA News Research. Her declared wealth reached P18.49 million in 2008, before declining to about P16.24 million in 2010 and P14.27 million in 2011.
Her declared net worth subsequently rose:
- 2007: P7.25 million
- 2008: P18.49 million
- 2009: P18.25 million
- 2010: P16.24 million
- 2011: P14.27 million
- 2012: P22.12 million
- 2016: P34.90 million
- 2017: P44.83 million
- 2019: P55.61 million
- 2020: P56.58 million
- 2021: P65.30 million
- 2022: P71.06 million
- 2023: P77.51 million
- 2024: P88.51 million
- 2025: P98.66 million
The 2025 figure represents an increase of roughly P10.14 million, or about 11.5%, from the P88.51 million declared in 2024.
What is behind the P98.6-million figure?
Duterte and her husband, lawyer Manases Carpio, jointly declared P122.80 million in total assets in their 2025 SALN, against P24.14 million in liabilities, resulting in a net worth of P98,656,131.20.
Their declared assets included approximately:
P81.31 million in real properties and P41.49 million in personal properties.
The couple also reported higher vehicle values, with their motor vehicles increasing from approximately P10.5 million in 2024 to P12.3 million in 2025.
Among the notable additions in 2025 was a condominium unit with a parking slot in San Juan City, valued at about P10 million. Reports also noted a commercial building in Davao City among the couple’s declared properties.
But there is another major change: liabilities
The increase in net worth came even as the couple’s declared liabilities rose sharply.
Their liabilities reached P24.14 million in 2025, compared with about P9.95 million in 2024.
That represents an increase of more than P14 million in declared obligations.
In other words, the headline figure of P98.66 million should not be interpreted as P98.66 million in cash. It represents assets minus liabilities as declared in the SALN.
Why is the absence of a separate cash declaration being discussed?
Another issue surrounding Duterte’s SALNs is the absence of a separate amount listed specifically as cash on hand or cash in bank in recent declarations.
Duterte’s lawyer, Michael Poa, previously explained that cash and other personal assets had been lumped under the SALN’s “others” category rather than separately identified as cash.
For 2025, GMA reported that Duterte did not list cash on hand or cash in bank as separate entries but declared about P16.2 million under “others.”
This distinction is important because the absence of a separate cash line does not by itself establish that no cash existed.
The figures are now part of the impeachment debate
The historical SALNs have become particularly significant because financial disclosures are among the records being examined during Duterte’s impeachment proceedings.
An Ombudsman records officer confirmed the authenticity of Duterte’s SALNs from 2007 to 2024 when the documents were presented in the impeachment proceedings.
The issue has also generated competing interpretations.
Critics have questioned whether the growth in Duterte’s declared wealth can be adequately explained by her official income and the assets recorded in her SALNs. Meanwhile, Duterte’s camp has disputed allegations surrounding her financial disclosures and provided explanations for certain entries, including the treatment of cash under “others.”
Importantly, an increase in declared net worth is not, by itself, proof of corruption or illegal wealth. Determining whether any assets are unexplained or unlawfully acquired requires examination of the underlying records, sources of income, property transactions and other evidence.
A nearly 13-fold increase over 18 years
Using the reported 2007 figure of P7.25 million and the 2025 figure of P98.66 million, Duterte’s declared net worth increased by approximately P91.4 million.
That means her reported net worth in 2025 was roughly 13.6 times the amount she declared when she entered local government in 2007.
GMA previously calculated that her declared net worth had already increased by more than 1,100% between 2007 and 2024. The addition of the 2025 figure pushes the increase even further.
What the SALN numbers do — and do not — prove
The figures provide a record of what Duterte and her husband declared in their official SALNs.
They do not, on their own, establish how every peso of the increase was earned or acquired, nor do they independently prove that any wealth was illegally obtained.
That distinction is becoming increasingly important as the 2025 SALN and the older financial records are scrutinized in the context of the impeachment proceedings.
For now, the clearest documented fact is this:
Sara Duterte’s declared net worth rose from P7.25 million in 2007 to P98.66 million in 2025, while the Duterte-Carpio couple’s total declared assets reached P122.8 million and liabilities rose to P24.14 million.
The bigger question now is not simply how large the number has become—but how the individual increases, properties, liabilities and other SALN entries will be interpreted as the financial records receive closer scrutiny in the impeachment proceedings.
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