Unexplained wealth of the Marcos family

Common card · No. 417812

The Marcos family, a political family in the Philippines, owns different assets that Philippine courts have determined to have been acquired through illicit means during the presidency of Ferdinand Marcos from 1965–1986. These assets are referred to using several terms, including "ill-gotten wealth" and "unexplained wealth," while some authors such as Belinda Aquino and Philippine Senator Jovito Salonga more bluntly refer to it as the "Marcos Plunder". Legally, the Philippine Supreme Court defines this as the assets the Marcoses acquired beyond the amount legally declared by Ferdinand and Imelda Marcos in the president's statements of assets and liabilities—which amounts to only about US$13,500.00 from his salary as president. The court also deems that such wealth should be forfeited and turned over to the government or to the human rights victims of Marcos's authoritarian regime. Estimates of the amount the Marcoses reportedly acquired in the last few years of the Marcos administration...

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