Two new property holdings — a San Juan City condominium unit with a parking slot and a commercial building in Davao City — helped push Vice President Sara Duterte and her husband Atty. Mans Carpio past the P98-million mark in their latest wealth declaration, according to figures examined by GMA News Research.
The couple’s joint Statement of Assets, Liabilities and Net Worth listed a 2025 net worth of P98,656,131.20, up 11.46 percent from the roughly P88 million they reported for 2024. The findings were detailed in Oscar Oida’s report aired Monday on “24 Oras.”
Their declared assets climbed faster than their net worth, reaching P122,797,727.20 — a 24.72 percent jump from the previous year’s figure of around P98 million. Real properties accounted for P81.3 million of that sum, while personal properties made up P41.48 million.
The value of the couple’s motor vehicles also moved higher, going from P10.5 million in 2024 to P12.3 million in 2025.
On the liabilities side, both spouses carried obligations this time, a shift from the earlier declaration in which only Carpio listed creditors. Their combined liabilities stood at P24,141,596, which GMA News Research pegged as a 142.63 percent increase over the roughly P9 million owed the year before.
The Vice President left the cash-on-hand and cash-in-bank fields blank in her SALN, instead placing P16.2 million under the “others” category. That accounting approach was addressed in April by her counsel, Atty. Michael Poa, who explained the practice this way:
Duterte’s lawyer said in April that she did not record her cash as “cash-on-hand” in her SALNs covering 2019 to 2024, folding the amount into the “others” line instead.
The declaration further accounted for 10 business interests tied to the couple, with eight belonging to Carpio and the remaining two attributed to Duterte.
