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Villar, Pacquiao top wealthiest solons list

Hananeel Bordey

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Businesswoman Cynthia Villar and Boxing superstar Manny Pacquiao are still on the top of the list of wealthiest senators.

This was based on the latest Statement of Assets, Liabilities and Net Worth (SALN) posted on the Senate website.

As of 31 December 2019, Villar, wife of former Senate President Manuel Villar and the richest man in the Philippines based on Forbes, declared P3,814,091,438 assets with no liabilities posted.

Her assets increased by approximately P300 million compared to her mid-2019 SALN submitted after her reelection in the Senate.

She was followed by boxer-lawmaker, Pacquiao with P3,172,524,957 net worth. He has P3,528,584,877 total assets with P356,059,919.50 liabilities.

Pacquiao got wealthier by almost P170 million as compared to his P3.006 billion net worth as of the end of 2018.

The two billionaires were followed by Senate President Pro Tempore Ralph Recto with P567,438,429 net worth declaring P659,518,138.29 assets and P92,079,708.48 liabilities.

Comparing his recent SALN to his 2018 wealth declaration, Recto got richer by approximately P12 million in 2019.

He was followed by another Senate leader, Juan Miguel Zubiri, with P203,667,746 net worth declaring P344,597,827.67 less P140,930,081.00 liabilities. His wealth increased by around P21 million a year in 2019.

Fifth on the list was Senator Ramon Revilla with P176,363,262 net worth. The lawmaker who was previously accused of involvement in the “pork barrel” scam declared P218,778,228.37 assets and P42,414,965.63 liabilities in 2019.

His net worth increased by around P12 billion compared to the SALN he declared after his Senate comeback.

He was followed by Senator Sonny Angara with P142,212,659 net worth, declaring P155,202,659 assets and P12,990,000 liabilities.

His wealth increased by approximately P3 million as compared to his P139 million net worth declared after his reelection in mid-2019.

Senate Minority Leader Franklin Drilon landed as the seventh wealthiest senator with P102,259,501 net worth in 2019.

His net worth hiked by around P5 million compared to his 2018 declared wealth.

The rest of the senators declared below P100 million net worth and were ranked as follows: Senator Grace Poe (P97,631,508); Senator Sherwin Gatchalian (P95,404,344); Senator Pia Cayetano (P82,774,150); Senate President Vicente Sotto III (P77,772,861); Senator Richard Gordon (P71,207,733); Senator Lito Lapid (P70,948,600).

Lapid was followed by Senator Francis Tolentino (P61,172,000); Senator Nancy Binay (P60,318,928); Senator Panfilo Lacson (P48,959,138); Senator Aquilino Pimentel III (P36,308,400); Senator Imee Marcos (P34,020,467); Senator Ronald Dela Rosa (P33,025,241); Senator Joel Villanueva (P30,249,305); Senator Francis Pangilinan (P19,975,821); Senator Christopher Lawrence Go (P18,391,012); Senator Risa Hontiveros (P16,050,112); and Senator Leila de Lima (P8,323,470).

Almost all senators who got elected in 2019 midterm polls have increased their wealth except Senator Francis Tolentino who declared P62.482 million in mid-2019 compared to his 2019 SALN recording P61.172 million.

Senators Sherwin Gatchalian and Richard Gordon’s net worths also slightly dipped in 2019.

Gatchalian got poorer by around P800,000. He declared P95,404,344 in 2019 while he declared P96.210 million in 2018.

Meanwhile, Gordon lost around P78,000 in 2019. The lawmaker declared P71,207,733 net worth in 2019 comparing it to his P71.285 million net worth in 2018.

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