Richest Philippine Politicians

Las Piñas Rep. Cynthia Villar, wife of losing Presidential Candidate Manny Villar, retains the richest lawmaker status in the House of Representatives, just as her husband who is the wealthiest senator in the country. Villar’s net worth as of Dec. 31, 2009, stood at P947.883 million, down from P1.046 billion in 2008.

The four Arroyos in the House are also among the most well-off among their peers since they are included in the top 30 richest among the 270 members of the House, according to the records of their assets, liabilities and net worth they submitted to the chamber.

The second-richest lawmaker is Leyte Rep. Ferdinand Martin Romualdez, who has P477.263 million in assets and no liabilities. In 2008, his net worth stood at P477.205 million.

In third place is frequent absentee Negros Occidental Rep. Julio Ledesma, who has a net worth of P447.529 million. He reported the same net worth in 2008.

Ledesma was followed by Ilocos Norte Rep. Ferdinand Marcos Jr., an incoming senator whose assets stand at P315.550 million. He has no liabilities. In 2008, Marcos was the eighth richest lawmaker, with a net worth of P179.98 million.

The fifth richest lawmaker is Iloilo Rep. Judy Syjuco, who has P288.514 million in assets and no liabilities. She was also No. 5 in 2008, with a net worth of P265.518 million.

Among the four Arroyos, the richest is President Gloria Macapagal-Arroyo’s brother-in-law, Negros Occidental Rep. Ignacio “Iggy” Arroyo, whose net worth stands at P138.541 million. In 2008, he ranked 13th with a net worth of P140.357 million.

The President’s sons ranked 22nd and 27th. Pampanga Rep. Juan Miguel “Mikey” Arroyo is No. 22 with a net worth of P101.347 million, while Camarines Sur Rep. Diosdado “Dato” Arroyo is at No. 27 with a net worth P90.393 million.

In 2008, Mikey was 23rd in the list with a net worth of P99.247 million, while Dato was 28th with P89.053 million.

Ms Arroyo’s sister-in-law, Kasangga party-list Rep. Ma. Lourdes Arroyo, is No. 29, having a net worth of P88.654 million.

The rest of the top 10 richest lawmakers are Tarlac Rep. Monica “Nikki” Prieto Teodoro (P231.253 million); Iloilo Rep. Ferjenel Biron (P192.071); Dinagat Rep. Glenda Ecleo (P166.400 million); Pampanga Rep. Aurelio Gonzales (P158.488 million); and Zambales Rep. Antonio Diaz (P153.718 million).

In 11th place is Quezon Rep. Danilo Suarez, who has a net worth of P151.668 million. Suarez created a stir last year when he admitted to footing the bill for a $15,000 dinner for Ms Arroyo and her party at the Bobby Van’s Steakhouse in Washington.

San Jose del Monte Rep. Arturo Robes was the fourth richest lawmaker in 2008, with a net worth of P441.169 million. But Robes landed in the 108th spot in 2009, with a net worth of P25.535 million.

Speaker Prospero Nograles is the 33rd richest, with a net worth of P75.711 million. He was ranked 29th in 2008, with a net worth of P88.261 million.

Poorest lawmaker was Anakpawis party-list Rep. Rafael Mariano.

There are eight lawmakers who have a net worth of less than P1 million.

Mariano has P42,219.11 in assets and no liabilities, making him the poorest lawmaker.

Bayan Muna Rep. Teodoro Casiño has a net worth of P118,000, while Anakpawis Rep. Joel Maglunsod is worth P145,000. Kabataan Rep. Raymond Palatino has a net worth of P150,000, and TUCP Rep. Raymond Mendoza is worth P270,000.

Alliance of Rural Concerns Rep. Narciso Santiago III, a son of Sen. Miriam Defensor Santiago, has P700,000 in assets and no liabilities. Bohol Rep. Adam Jala, a son of a former lawmaker Eladio Jala, has assets worth P782,000 and no liabilities.

The net worth of Abakada Guro Rep. Jonathan de la Cruz stands at P800,000.

source: PDI

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