Marcos drew a salary of 100,000 pesos a year, and the Philippine Supreme Court took $658 million of his Swiss deposits
Ferdinand Marcos was president of the Philippines from 1966 to 1986. The official salary record puts his pay at 60,000 pesos a year to 1976 and 100,000 pesos a year from 1977 to 1985. He died in exile in Honolulu on 29 September 1989. In Switzerland the government traced US$356 million held through five groups of foundations, with names such as Azio-Verso-Vibur and Maler. On 21 December 1990 the Swiss Federal Tribunal ruled the money belonged in principle to the Philippines. On 28 December 1993 the Marcos children signed a global settlement with the government's recovery commission; it was never approved. The funds reached an escrow account in Manila in 1998. The Sandiganbayan anti-graft court forfeited them in 2000 and reversed itself in 2002. On 15 July 2003 the Supreme Court reinstated the forfeiture of US$658,175,373.60. In 1991 the tax bureau assessed the estate 23,293,607,638 pesos in estate tax. At the auction of 11 seized lots in Tacloban City on 5 July 1993 no one bid, and the lots went to the government. In 1997 the Supreme Court upheld the levy against the eldest son's challenge. On 9 November 2018 the Sandiganbayan convicted Imelda Marcos on seven counts of graft over dealings with Swiss-based foundations in the 1970s and 1980s, with six to 11 years per count. Status: convicted; she filed a notice of appeal to the Supreme Court in November 2018 and was allowed bail; no ruling on the appeal was found†.
Under Philippine law, wealth "manifestly out of proportion" to an official's salary is presumed unlawfully acquired, and the heirs carry the burden of proving otherwise.
- Caselaw Access Project, Harvard Law SchoolCourt record
- lawphil.netPress
- lawphil.netPress
- BBCPress
- philstar.comPress
- abs-cbn.comPress
Cite as: celebrity.estate, “Marcos drew a salary of 100,000 pesos a year, and the Philippine Supreme Court took $658 million of his Swiss deposits,” story s1024, https://www.celebrity.estate/marcos-swiss-deposits-1989, updated 30 October 2026.

















































































































































