December 9, 2022

KEY POINTS

  • Cynthia Villar is the richest Philippine senator in 2020
  • Her web value is over P3.87 billion ($77.2 million) based mostly on her SALN abstract
  • Manny Pacquiao ranks second with a web value of P3.18 billion ($63.4 million)

Regardless of Manny Pacquiao’s illustrious boxing profession and big-time endorsement offers, he nonetheless is not the richest senator within the Philippines. 

Cynthia Villar stays the richest among the many nation’s 24 senators, based mostly on the 2020 abstract of Statements of Belongings, Liabilities and Web Price (SALN) launched on Monday.

The 71-year outdated Villar has a whopping P3.87 billion ($77.2 million) web value, retaining her 2019 title of richest Philippine senator, ABS-CBN Information reported. Villar’s household owns corporations in actual property, retail, land improvement and utilities, amongst different companies within the Philippines.

Boxing’s solely eight-division world champion and 2022 presidential candidate trailed Villar at second place with a web value of P3.18 billion ($63.4 million), in keeping with his SALN. 

Primarily based on Villar’s SALN abstract, the senator has a complete of P3,875,696,435.00 value of property, whereas her liabilities had been marked “N/A” or “Not Relevant.”

Her web value barely elevated in comparison with her 2019 SALN abstract value P3.814 billion ($76.1 million). Pacquiao’s property additionally elevated by P10 million, from P3.17  billion in 2019. 

Senate President Professional Tempore Ralph Recto rounded off the highest three wealthiest senators of the Philippines with a P581 million web value. 

Philippine boxing hero Manny Pacquiao (R) and presidential candidate Manny Villar (L) arrive in Common Santos Metropolis for the beginning of Pacquiao’s marketing campaign for a seat in congress within the southern Philippine province of Sarangani on March 26, 2010. Picture: JAY DIRECTO/AFP by way of Getty Pictures

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Villar’s amassed wealth is no surprise. Her husband, Manuel “Manny” Villar, the nation’s former home speaker and senate president, is the second richest individual within the Philippines, in keeping with Forbes’ listing, simply behind the Sy siblings. Villar can be No. 352 on Forbes’ world’s billionaire’s listing. 

The self-made billionaire’s real-time web value is $6.8 billion. 

Alternatively, Pacquiao, who was just lately nominated because the administration occasion’s presidential candidate for 2022, stays the richest athlete within the Philippines.

His final bout in opposition to Yordenis Ugas assured him a $5 million purse, in keeping with Bleacher Report. As well as, he might have earned greater than $25 million from pay-per-view gross sales. 

Here’s a listing of the highest 5 richest senators within the Philippines and their present declared web value based mostly on the 2020 SALN abstract, in keeping with ABS-CBN Information:

1. Sen. Cynthia Villar: P3,875,696,435
2. Sen. Manny Pacquiao: P3,187,092,600.69
3. Senate President Professional Tempore Ralph Recto: P581,071,657.97
4. Senate Majority Chief Juan Miguel Zubiri: P220,736,702.43
5. Sen. Ramon “Bong” Revilla Jr.: P179,958,909.30

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