AP, Davao :
The Philippine president says he became a local millionaire at a young age due to inheritance and reiterated he has no unexplained wealth as alleged by his leading critic, who questioned his claim that he was born into an impoverished family.
President Rodrigo Duterte gave some details of his personal assets at a dinner with journalists Friday in his southern home city of Davao, repeating a pledge to immediately resign if anybody can prove that he has questionable wealth concealed in bank accounts.
Duterte said his parents owned land in Davao where a profitable ice plant stood, and that he and his siblings divided the family assets after his father, a former Davao provincial governor, died in 1968. Duterte mentioned without elaborating that his family then was also involved in logging.
He said he suggested that the inherited landholdings be sold due to squabbling among the Duterte siblings.
“When we divided, we had our first millions already,” Duterte said. “Long ago, I was just a student, fourth year. I already had about 3 million (pesos, or $59,000).”
The Philippine president says he became a local millionaire at a young age due to inheritance and reiterated he has no unexplained wealth as alleged by his leading critic, who questioned his claim that he was born into an impoverished family.
President Rodrigo Duterte gave some details of his personal assets at a dinner with journalists Friday in his southern home city of Davao, repeating a pledge to immediately resign if anybody can prove that he has questionable wealth concealed in bank accounts.
Duterte said his parents owned land in Davao where a profitable ice plant stood, and that he and his siblings divided the family assets after his father, a former Davao provincial governor, died in 1968. Duterte mentioned without elaborating that his family then was also involved in logging.
He said he suggested that the inherited landholdings be sold due to squabbling among the Duterte siblings.
“When we divided, we had our first millions already,” Duterte said. “Long ago, I was just a student, fourth year. I already had about 3 million (pesos, or $59,000).”
