WHILE Saranggani Representative and people’s champ Emmanuel “Manny” Pacquiao remains the only billionaire among lawmakers in Congress for five consecutive years, three of the lawmakers in Northern Mindanao Region have net worths amounting to a hundred million.
Representatives Henry Oaminal of the second district of Misamis Oriental, Rufus Rodriguez of the second district of Cagayan de Oro City, and Peter Unabia Sr. of the first district of Misamis Oriental are the top three richest of the 15 lawmakers in the region, according to their latest Statements of Assets, Liabilities and Net worth (SALN).
Although poorer by P30,683,598, Oaminal still ranked first with a net worth of P129,715,673.12 followed by Rodriguez whose net worth increased by more than P3 million in 2014, from P103,425,000 in 2013 to P107,425,000 the following year.
Rodriguez, who is also a lawyer, surpassed Unabia who became poorer by P27.88 million last year with a declared net worth of P99,977,800 compared to his 2013 net worth of P127,862,800.
Oaminal is a lawyer whose family is into construction, while Unabia’s family owns the biggest feeds manufacturing in the region and the Sr. Pedro roasted chicken chain in the country.
Rounding up the top five is the husband-and-wife tandem, Lanao del Norte representatives Abdullah and Imelda Dimaporo who have a conjugal net worth of P69,208,506.85. They filed their SALNs jointly. Both their net worths in 2014 increased by about P3 million compared to 2013.
Seven lawmakers in Northern Mindanao Region, however, became richer at the end of 2014. The list of lawmakers whose SALNs increased include Juliette Uy (2nd district, Misamis Oriental), Jose “Joey” Zubiri (3rd district, Bukidnon), Vicente “Varf” Belmonte (Iligan City), the Dimaporo couple of Lanao del Norte; and Rufus and his brother Maxie Rodriguez of Abamin party-list while seven lawmakers also became poorer including Oaminal, Unabia, Rolando Uy (1st district, Cagayan de Oro), Rogelio Neil Roque (4th district, Bukidnon), Xavier Jesus Romualdo of Camiguin; Dr. Florencio Flores (2nd district, Bukidnon) and Maria Lourdes Acosta-Alba (1st district, Bukidnon).
Pacquiao, by far the richest lawmaker owing to his earnings as a superstar prize fighter, declared in his 2014 SALN a net worth of P1.688 billion, up by more than P300 million from the previous year.
Pacquiao has total declared assets of P1.84 billion and more than P155 million in liabilities. His earnings from mega fights, from endorsements, his substantial investments in real estate and businesses account for his rise in net worth.
Pacquiao’s 2015 net worth is expected to balloon even more due to his fight with Floyd Mayweather this May.
Forbes magazine reported Pacquiao’s earnings from the Mayweather fight to be at least $120 million, or about P5.4 billion.
Pacquiao has remained the richest member of the House of Representatives since his election in 2010.
Sun.Star Cagayan de Oro accessed the website of the House of Representatives to get the SALN of the region’s lawmakers.