The president of the Philippines is the highest elected official in the country, and as such, he or she has a lot of responsibilities and privileges. But how much does the president earn, and what is his or her net worth? How did he or she build his or her career and fortune? And what are some interesting facts about his or her personal life? In this article, we will answer these questions and more, based on reliable sources and data.
Salary of the President of the Philippines
According to Republic Act No. 6758 or the Compensation and Position Classification Act of 1989, the president of the Philippines is under Salary Grade 33, which is equivalent to a monthly pay of P411,382 as of 2019. This means that the president earns roughly around P5 million per year.
However, this is not the only income that the president receives. He or she is also entitled to other bonuses and allowances as per Executive Order No. 201, which was signed by former president Benigno Aquino III in 2016. These include:
- A mid-year bonus equivalent to one-month basic salary for those who have rendered at least four months of satisfactory service.
- An enhanced performance-based bonus based on the achievement of departments and agencies where the employee belongs.
- A productivity enhancement incentive worth P5,000 for each employee to motivate them to increase their productivity.
- A standard allowances and benefits package under the Total Compensation Framework.
Therefore, the total annual income of the president of the Philippines may vary depending on his or her performance and other factors.
Net Worth of the President of the Philippines
The net worth of the president of the Philippines is not easy to determine, as it depends on various factors such as assets, liabilities, investments, donations, inheritance, and other sources of income. However, one way to estimate it is by looking at the statements of assets, liabilities, and net worth (SALN) that each president is required to file every year.
According to the latest available SALN data from 2019, the current president Rodrigo Duterte has a net worth of P28.5 million, which increased by 2.8% from his previous declaration in 2018. His assets include real properties worth P18.4 million and personal properties worth P10.3 million. His liabilities include loans from various banks amounting to P140,000.
However, some critics have questioned the accuracy and completeness of Duterte’s SALN, as they claim that he has undeclared wealth and hidden bank accounts. Duterte has denied these allegations and challenged his accusers to prove their claims.
Earning Career of the President of the Philippines
The president of the Philippines did not start his or her career as a politician. In fact, most presidents had diverse backgrounds and experiences before they entered public service. Here are some examples:
- Rodrigo Duterte was a lawyer and a prosecutor in Davao City before he became its mayor for more than two decades. He was known for his tough stance against crime and corruption, which earned him both praise and criticism from various sectors. He also served as a congressman for one term from 1998 to 2001.
- Benigno Aquino III was an economist and a businessman before he became a senator in 2007. He was also the son of former president Corazon Aquino and former senator Benigno Aquino Jr., who was assassinated in 1983. He ran for president in 2010 on a platform of good governance and anti-corruption.
- Gloria Macapagal Arroyo was an economist and a professor before she became a senator in 1992. She was also the daughter of former president Diosdado Macapagal. She became vice president in 1998 under Joseph Estrada, whom she succeeded after he was ousted by a popular uprising in 2001. She won a full term as president in 2004 amid allegations of electoral fraud.
- Joseph Estrada was an actor and a movie producer before he became a senator in 1987. He was also a mayor of San Juan City from 1969 to 1986. He ran for president in 1998 on a populist platform that appealed to the masses. He was impeached by Congress in 2000 on charges of plunder and corruption, which led to his removal from office in 2001.
- Fidel Ramos was a military general and a national security adviser before he became secretary of national defense in 1986 under Corazon Aquino. He was also one of the leaders of the People Power Revolution that toppled Ferdinand Marcos in 1986. He ran for president in 1992 with Aquino’s endorsement and won by a narrow margin.
The personal life of the president of the Philippines is often a subject of public interest and curiosity, as it reveals some aspects of his or her personality, values, and preferences. Here are some interesting facts about the personal life of some presidents:
- Rodrigo Duterte is married to Elizabeth Zimmerman, a former flight attendant, but they have been separated since 2000. He has three children with her: Paolo, Sara, and Sebastian. He also has a common-law wife, Honeylet Avanceña, a former nurse, and a daughter with her: Veronica. He is known for his colorful language, his love for motorcycles, and his controversial jokes and remarks.
- Benigno Aquino III is a bachelor and has never been married. He has dated several women, including celebrities such as Korina Sanchez, Bernadette Sembrano, and Shalani Soledad. He is an avid shooter, a video game enthusiast, and a fan of comic books and anime.
- Gloria Macapagal Arroyo is married to Jose Miguel Arroyo, a lawyer and a businessman. They have three children: Mikey, Luli, and Dato. She is a devout Catholic, a chess player, and a collector of butterflies.
- Joseph Estrada is married to Luisa Pimentel, a former senator and social worker. They have three children: Jinggoy, Jackie, and Jude. He also has six other children with five different women: Joseph Victor (with Guia Gomez), Jacob (with Laarni Enriquez), Jerika (with Jacel Kiram), Jake (with Joy Rowena Alfaro), Joseph Luis (with Joy Rowena Alfaro), and Jolo (with Laarni Enriquez). He is fond of drinking, gambling, and watching movies.
- Fidel Ramos is married to Amelita Martinez, a former teacher and social worker. They have five children: Angelito, Josephine, Carolina, Cristina, and Gloria. He is a Protestant, a golfer, and a smoker.
The president of the Philippines is not only the head of state and government of the country, but also a person with his or her own history, achievements, challenges, and quirks. By knowing more about the salary, net worth, earning career, and personal life of the president, we can gain a better understanding of his or her motivations, actions, and decisions that affect the nation and its people.
Most Asked Questions and Answers
Here are some of the most asked questions and answers about the president of the Philippines:
Q: Who is the current president of the Philippines?
A: The current president of the Philippines is Bongbong Marcos, who was sworn in on June 30, 2022.
Q: How long is the term of the president of the Philippines?
A: The term of the president of the Philippines is six years without re-election.
Q: How many presidents have the Philippines had?
A: The Philippines have had 17 presidents since 1899.
Q: Who was the first president of the Philippines?
A: The first president of the Philippines was Emilio Aguinaldo. who led the Philippine Revolution against Spain and declared independence in 1898.
Q: Who was the longest-serving president of the Philippines?
A: The longest-serving president of the Philippines was Ferdinand Marcos. who ruled for 20 years from 1965 to 1986.
Q: Who was the shortest-serving president of the Philippines?
A: The shortest-serving president of the Philippines was Sergio Osmeña. who served for only one year and five months from 1944 to 1946.
Q: Who was the first female president of the Philippines?
A: The first female president of the Philippines was Corazon Aquino, who led the People Power Revolution that ousted Ferdinand Marcos in 1986.
Q: Who was the youngest president of the Philippines?
A: The youngest president of the Philippines was Emilio Aguinaldo, who was 29 years old when he became president in 1899.
Q: Who was the oldest president of the Philippines?
A: The oldest president of the Philippines was Rodrigo Duterte, who was 71 years old when he became president in 2016.
Q: How can one become president of the Philippines?
A: To become president of the Philippines, one must be a natural-born citizen of the country, a registered voter, able to read and write, at least 40 years old on election day, and a resident of the country for at least 10 years immediately preceding election day.