Saturday, June 20, 2009

Villar wife is sole billionaire in Congress

Parañaque Rep. Cynthia Villar registered a networth of P1.047 billion as of end-2008, making her the only billionaire among her peers. She reported having no liabilities.

Villar’s networth is more than twice the next richest solons in the list, Leyte Rep. Ferdinand Martin Romualdez, Negros Occidental Rep. Julio Ledesma IV, and San Jose del Monte Rep. Arturo Robes. They reported respective networths of P477 million, P447 million, and P441 million.

Villar's networth is almost 19,000 times that of the poorest congressman, Anakpawis Rep. Rafael Mariano, who reported P55,501.72.

Three other congressmen registered a networth less than P1 million: Bayan Muna Rep. Satur Ocampo (P895,145), Bohol Rep. Adam Relson Jala (P782,000), and Bayan Muna Rep. Teodoro Casiño (P119,900).

Presidential aspirant Gilbert Teodoro’s wife, Monica, is 6th richest with a networth of P232 million, while former Speaker Jose De Venecia Jr. landed on the 40th slot with P62.7 million.

Current House Speaker Prospero Nograles ranked 29th with a networth of P88.26 million. He reported assets of P133 million and liabilities of P45 million.

Former President Ferdinand Marcos’s son and namesake, Ferdinand Jr., placed 8th with networth of P180 million, while President Arroyo’s son, Mickey Arroyo ranked 23rd with P99 million.

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