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Monday, 5 January 2009

Richest Filipino Senator

Manuel Villar, a property magnate, was the richest Filipino senator while her wife Cynthia was the richest congresswoman in 2001. In their statement of assets and liabilities for 2001, the couple reported a net worth of P405 million.

All 24 senators were in fact millionaires, with six of them reporting a net worth over P100 million and 21 declaring net assets over P10 million.

The second richest senator was Ralph Recto who reported a net worth of P228 million.

Third wealthiest member of the Philippine Senate (12th Congress) was Ramon Magsaysay Jr. with a net worth of P113 million.

Teresa Aquino-Oreta with a net worth of P113 million;

Robert Jaworski, P111 million;

Loren Legarda-Leviste, P106 million;

Renato Cayetano, P87.514 million;

Ramon Revilla, P49 million;

John Osmeña, P45 million;

Sergio Osmeña III, P41 million;

Luisa "Loi" Ejercito, P34 million;

Vicente Sotto III, P29 million;

Noli de Castro, P25 million;

Rodolfo Biazon, P21 million;

Edgardo Angara, P21 million;

Panfilo Lacson, P21.6 million;

Francis Pangilinan, P16 million;

Aquilino Pimentel, P15 million;

Robert Barbers, P12 million;

Franklin Drilon, 11 million;

Joker Arroyo, P11 million.

Senator Juan Flavier, a former barrio doctor from Tondo, reported the lowest net worth of P2 million.

The other two senators who reported a net worth below P10 million were Blas Ople, with P7 million and

Gregorio Honasan, P7 million. (Andaya could not say whether the P11.445 billion in PDAF this year would be for all the 230 members of the House and the 23 senators, or how much each lawmaker would receive.Andaya said the amount would be a “funding source for projects” specified by the Department of Budget and Management, such as school buildings, electrification, water and irrigation systems, and livelihood programs.

Two years ago, the pork barrel allocations for each congressman and senator were slashed to P40 million from P70 million, and to P120 million from P200 million, respectively.The increase indicates that the individual allocations would be almost doubled.

Source: Philippine Daily Inquirer

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