SENATOR Cynthia Villar remains the richest and only billionaire in the Philippine Senate, while second-termer Senator Antonio Trillanes IV is the poorest.
Villar had a net worth of P1.983 billion in 2014, up from P1.626 billion in 2013, according to her Statement of Assets, Liabilities, and Net Worth (SALN) released by the Senate on Monday.
Trillanes's net worth, on the other hand, slightly increased to P5.549 million from P4.912 million in 2013.
Senate President Pro-Tempore Ralph Recto, who had a net worth of P522 million, remains the second richest senator.
Some senators have been enjoying significant spikes in their net worth. They include Senators Franklin Drilon and Ramon "Bong" Revilla Jr.
Senator Grace Poe experienced a huge drop in her net worth, from P148.9 million in 2013 to P89.4 million in 2014.
Senators Ramon Revilla Jr., Sergio Osmena III, Francis Escudero, Miriam Defensor Santiago, Jose "Jinggoy" Estrada, Paolo Benigno Aquino IV, and Nancy Binay also saw a decline in their wealth.
Here is a list of the 2014 net worth of senators based on their SALNs:
1. Cynthia Villar – P1.983 billion (P1.626 billion in 2013)
2. Ralph Recto – P522 million (P496.856 million in 2013)
3. Ferdinand Marcos Jr. – P200.6 million (197.47 million in 2013)
4. Jose "Jinggoy" Estrada – P193 million (195 million)
5. Ramon Bong Revilla Jr. – P181.9 million (P166.71 million in 2013)
6. Juan Ponce Enrile – P121 million (P119.377 million in 2013)
7. Teofisto Guingona III – P113.4 million (114.9 million in 2013)
8. Sergio Osmena III – P100.7 million (P114.37 million in 2013)
9. Juan Edgardo Angara – P100.3 million (P97.825 million in 2013)
10. Grace Poe – P89.4 million (P148.9 million in 2013)
11. Joseph Victor Ejercito – P75.5 million (P73,998,448.59 million in 2013)
12. Pia Cayetano – P73.4 million (P73, 295,314 in 2013)
13.Franklin Drilon – P74.1 million (P58,139,382 in 2013)
14. Miriam Defensor Santiago – P73 million (P76.743 million in 2013)
15. Vicente Sotto III – P64.3 million (P63,850,950 in 2013)
16. Nancy Binay – P62.5 million (P63,778,409 in 2013)
17. Loren Legarda – P39.61 million (P41.423 million in 2013)
18. Manuel Lapid – P34 million (P30 million)
19. Paolo Benigno Aquino IV – P24.5 million (P20.493 million)
20. Alan Peter Cayetano – P23.3 million (P21.7 million in 2013)
21. Gregorio Honasan II – P21.2 million (P20.958 million in 2013)
22. Aquilino Pimentel III – P18 million (P16.99 million in 2013)
23. Francis Escudero – P6 million (P8.243 million in 2013)
24. Antonio Trillanes IV – P5.5 million (P4.912 million in 2013)
Net worth is the value of assets minus liabilities.
According to the Senate website, a senator receives P35,000 per month while the Senate President receives P40,000.
Under Presidential Decree 677, all government employees are required to file their "true detailed and sworn statement of assets and liabilities, including a statement of the amounts and sources of his income, the amounts of his personal and family expenses and the amount of income taxes paid" each year. (Sunnex)