Pacquiao still richest congressman-A A +A
Wednesday, May 28, 2014
MANILA -- Boxing icon and Sarangani Representative Manny Pacquiao is still the richest member of the House of Representatives as of last year despite a slide in his net worth.
In his 2013 Statement of Assets, Liabilities and Net Worth (SALN), Pacquiao said his wealth amounted to P1,345,499,573, lower than the 2012 figure of P1,770,566,772.
Pacquiao allegedly has a pending tax obligation worth more than P2 billion, which he questioned before the Court of Tax Appeals (CTA).
In second place is former First Lady and Ilocos Norte Representative Imelda Marcos with a net worth of P922 million. Marcos' net worth was unchanged from 2012.
House Speaker Feliciano Belmonte was P2 million richer last year with a net worth of P819 million. He ranked third.
Negros Occidental Representatives Alfredo Benitez (P713 million from P702 million in 2012) and Julio Ledesma IV (P617 million from P590 million in 2012) took the fourth and fifth spots, respectively.
Las Piñas City Representative Mark Villar, son of Senator Cynthia Villar, the richest person in the Senate today, came next with a net worth of P526 million, a huge jump from his P361 million net worth in 2012.
Leyte Representative Ferdinand Martin Romualdez is the seventh richest member at P475 million. His wealth increased by only P1 million from the previous year.
Also in the top 10 richest are Rizal Representative Joel Roy Duavit (P272 million from P195 million in 2012), Tarlac Representative Enrique Cojuangco Jr. (P217 million from P214 million in 2012), and Maguindanao Representative Zajid Mangudadatu (P215 million).
Meanwhile, militant Anakpawis party-list Representative Fernando Hicap is the poorest member of the House with a net worth of P37,722.
Other legislators outside the millionaire's club are Abakada Party-list Representative Jonathan Dela Cruz (P550,000), Dinagat Island Representative Arlene Bag-ao (P598,013), Kalinga Representative Abigail Ferriol-Pascual (P636,980), and Kabataan partylist Representative Terry Ridon (P900,000).
Lawmakers with net worth just above the P1-million mark are Gabriela Representative Emmi De Jesus (P1.24-million), ACT Teachers Representative Antonio Tinio (P1.28 million), Magdalo Representative Francisco Acedillo (P1.33 million), Camarines Norte Elmer Panotes (P1.46 million), and Bayan Muna Representative Carlos Isagani Zarate (P1.52 million).
Under Republic Act 6770 or the Code of Conduct and Ethical Standards for Public Officials, all government officials and employees are required under oath to list down all their assets and liabilities in the SALN on or before April 30 of each year. (John Carlo Cahinhinan/Sunnex)