In his SALN, Duterte declared a net worth of P27.43 million as of December 2016, which is higher compared to P24.08 million, as of June of last year when he assumed the presidency. His SALN attributed the increase of his net worth to his cash on hand or bank—which rose from P15.31 million in the first half of 2016 to P18.45 million by the end of the year. Duterte’s net worth, however, is about P1 million less from his P28.43 total declared assets.