Villar richest senator; Trillanes poorest

Published by rudy Date posted on May 12, 2011
MANILA, Philippines –  Manuel Villar Jr. remained the richest senator, but his declared assets were reduced from close to P1 billion to about P725 million in the election year of 2010.
His statement of assets, liabilities and net worth (SALN) showed Villar’s assets totaled P725,221,964 with no liabilities.
Antonio Trillanes IV replaced Joker Arroyo in the list as the poorest senator.
Trillanes listed assets totaling P3.836 million, which included a 120-square meter residential lot in General Trias, Cavite; a 308-square meter lot in Antipolo; and a residential condominium in Parañaque worth P3 million.
He had P3.880 million in loans as liabilities.
Villar listed among his properties about six residential lots in Las Piñas, Muntinlupa and Cavite, totaling P4.58 million (acquisition cost), as well as investments in stocks worth P147 million and other real and personal properties totaling P572.8 million.
The Villar couple, once dubbed as the richest lawmakers in the country, also listed interests in Fine Properties, Inc., M.B. Villar Co, Inc., Macys Inc, Mooncrest Property, Hollinger Holdings, which they acquired on various dates from 1982 to 2010.
Villar filed the joint SALN with his wife, former lawmaker Cynthia Villar.
She was replaced by their son, Mark, as Las Piñas representative in 2010.
The Villars’ assets seemed to have dwindled because their assets in 2009 were pegged at P947,883,619.
In 2009, Forbes Magazine listed Villar as the largest shareholder in property firms Vista Land and Lifescapes and Pollar Property Holdings.
He was the Philippines’ ninth richest in 2009.
Villar’s net worth then was $530 million, Forbes said.
Ralph Recto is the second richest senator with P418,523,601.13 in assets.
He and his wife, Batangas Gov. Vilma Santos, listed cash in bank and marketable securities totaling about P221 million, P23 million in personal effects, P1.925 million in club shares, P110,866,592.81 in investment shares and P19.55 million in motor vehicles as part of their personal and other assets.
The couple has liabilities of P32 million, which included taxes payable and notes payable to the Bureau of Internal Revenue, BPI Family Bank and Metrobank.
Ferdinand Marcos Jr. has a total net worth of P311.5 million with no liabilities.
In their joint SALN, Marcos and his wife, Louise, listed their business interests with Augustus Management Inc., a management company based in Laoag, Ilocos Norte; an investment and holding company NIV Property Holding Co, Inc.
Louise Marcos declared that she has business interests and financial connections with Marcos, Ochoa, Serapio and Tan (MOST) law firm, where she is a partner.
Among the 15 richest senators are: Ramon Revilla Jr., who was number four after he listed assets of P125.75 million; followed by Senate President Juan Ponce Enrile with P116.07 million; Senate President Pro-Tempore Jinggoy Estrada with P93.56 million; Sergio Osmeña III, P82.3 million; Pia Cayetano, P76.775 million; Teofisto Guingona III, P73.97 million; and Edgardo Angara, P70.09 million.
Majority Leader Vicente Sotto III had P48.96 million; Loren Legarda, P45.545 million; Juan Miguel Zubiri, PP41.3 million; Franklin Drilon, P33.442 million; Panfilo Lacson, P24.729 million; Gregorio Honasan, P19.354 million; Lito Lapid, P18.9 million; Alan Peter Cayetano, P15.94 million; Francis Pangilinan, P12.43 million; Joker Arroyo, P11.05 million; Francis Escudero, P8.032 million; and Trillanes , P3.83 million.
Pangilinan, who had a pre-nuptial agreement with wife Sharon Cuneta, listed among his assets agricultural properties in Marinduque and Pangasinan; shares of stocks with Manila Pearl Corp., Marbleland Mining and Development Corp; Lockwell Builders, Inc; and FRD Food and Spices; furniture, jewelry, books and journals, and transportation.
Pangilinan has liabilities and accounts payable totaling P2.632 million. –Christina Mendez (The Philippine Star)

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