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Sunday, August 25, 2019
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Romero is richest congressman, Elago poorest

(Photo from Cong. Michael Romero Facebook)

1PACMAN Party-list Representative Michael Romero remained the richest among the 291 members of the House of Representatives based on his Statement of Assets, Liabilities and Net Worth (SALN) as of end-2018.

Romero, whose company F&S Holdings Inc. is the majority shareholder of the Philippine unit of Air Asia, reported a net worth of P7.858 billion and total assets worth P7.933 billion.

Romero is also the president of the Partylist Coalition Foundation Inc., a group of over 50 congressmen who have committed to vote as a bloc in the election of the House Speaker.

Following Romero are: Negros Occidental 3rd District Rep. Alfredo Benitez, with a net worth of P1.016 billion; and graft convict Ilocos Norte 2nd District Rep. Imelda Marcos, who reported a net worth of P923.8 million.

Other representatives among the top 10 richest are: Quezon City 4th district Rep. Feliciano Belmonte Jr., P864.7 million; Manila Teachers Party-list Rep. Virgilio Lacson, P793.87 million; Marikina City 1st District Rep. Bayani Fernando, P748 million; Davao del Norte 2nd District Rep. Antonio Floirendo, P714.6 million; Batangas 6th District Rep. Vilma Santos-Recto, P555.3 million; Leyte 1st District Rep. Yedda Romualdez, P487.6 million; and Speaker Gloria Macapagal-Arroyo with P479.5 million.

Kabataan Party-list Rep. Sarah Elago, meanwhile, reported the lowest net worth at P85,400.

Full report of the House of Representatives SALN as of December 21, 2018

(With a report from Ryniel Berlanga/SunStar Philippines)


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