Cynthia Villar and Manny Pacquiao remained to be the richest senators in the Philippines as of end-2019, according to the latest summary of Statement of Assets, Liabilities, and Net worth (SALN) posted on the Senate website.
Senator Cynthia Villar claimed the top spot with P3.8 billion net worth with no liabilities.
Closely following the lead is Filipino boxing champ and Senator Manny Pacquiao with a P3.17 billion net worth.
Other senators included in the top five are Senate President Pro Tempore Ralph Recto with a net worth of P567.4 million; Senate Majority Leader Juan Miguel Zubiri with P203.7 million; and Senator Ramon “Bong” Revilla with P176.4 million.
The three senators with the lowest net worths as of December 31, 2019, were Senator Leila De Lima with a P8.3-million net worth; Senator Risa Hontiveros with P16 million; and Senator Bong Go with P18.4 million.
The rest of the senators have the following net worths:
Sonny Angara – P142,212,659.00
Franklin Drilon – P102,259,501.00
Grace Poe – P97,631,508.03
Sherwin Gatchalian – P95,404,344.93
Pia Cayetano – P82,774,150.15
Vicente Sotto III – P77,772,861
Richard Gordon – P71,207,733
Also read: Cynthia Villar: Family’s wealth due to hard work, not political influence
Villar, Pacquiao still richest senators in Philippines
Lito Lapid – P70,948,600
Francis Tolentino – P61,172,000
Nancy Binay – P60,318,928
Panfilo Lacson – P48,959,138
Koko Pimentel – P36,308,400
Imee Marcos – P34,020,467
Ronald “Bato” Dela Rosa – P33,025,241
Joel Villanueva – P30,249,305
Francis “Kiko” Pangilinan – P19,975,821
Senator Hontiveros also does not have liability, as shown in the SALN summary.
Under the law, all public officials and employees, whether regular or under temporary status, must file a SALN.
SALN is a declaration of assets (i.e., land, vehicles, etc.) and liabilities (i.e., loans, debts, etc.), including business and financial interests, of an official/employee, of his or her spouse, and his or her unmarried children under 18 years old still living in their parents’ households.
The submission of a SALN is required by law under Article XI Section 17 of the 1987 Constitution and Section 8 of Republic Act No. 6713, the “Code of Conduct and Ethical Standards for Public Officials and Employees.”
The Ombudsman or his authorized representatives are authorized to attain documents that may show assets, liabilities, net worth, business interests, and financial connections from all appropriate government agencies.