- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:25 05:43 12:19 15:46 18:50 20:09
This file photo taken on December 7, 2012 shows Manny Pacquiao of the Philippines posing during his weigh-in with Juan Manuel Marquez of Mexico (out of frame) in Las Vegas, Nevada. Philippine boxing hero Manny Pacquiao plans to fight again in September, with the bout likely to be staged outside the United States to avoid high taxes, his spokeswoman said on April 3, 2013. (AFP)
World boxing champion Manny Pacquiao and former first lady Imelda Marcos are the Philippines’ richest congressmen, with respective net worths of 1.8 billion pesos (Dh158.92m) and 922.8 million peso (Dh81.47m) as at end 2012.
Reelectionist Sarangani Representative Pacquiao, the world’s first eight-division champion, is worth 400 million pesos (Dh35.32m) more than the richest Philippine senator, Manuel Villar Jr, who declared his net worth at 1.45 billion pesos (Dh128.02m), ‘The Philippine Star’ reported on Friday.
Ilocos Norte Representative Marcos, wife of the late dictator Ferdinand Marcos, may be the second richest member of Congress, but she in fact got poorer by 10 million pesos from 2011, when she declared her net worth at 932 million pesos (Dh882,884).
Despite losing two fights, Pacquiao earned more than 400 million pesos in one year, as he was worth 1.3 billion pesos (Dh114.78m) in 2011. He valued his real and personal properties at 2.028 billion pesos (Dh179.05m) with declared liabilities of 258 million pesos (Dh22.78m) for 2012.
Former president Gloria Macapagal-Arroyo, now representative of Pampanga, a province in central Luzon, who is now detained due to corruption charges, was also listed among members of Congress with high net worths.
She is worth 120.5 million pesos (Dh10.59m), with assets at 270.5 million pesos (Dh23.87m) and liabilities at 150 million pesos (Dh13.24m).
Her son Diosdado, representative of Camarines Sur’s 2nd district, has a net worth of 86.2 million pesos (Dh7.61m), with 127.4 million pesos (Dh11.24m) in assets and 41.2 million pesos (Dh3.64m) in liabilities.
House Speaker Feliciano Belmonte Jr is the third richest congressman with a net worth of 817.6 million pesos (Dh72.15m). He was worth only 736 million pesos (Dh64.95m) in 2011, when he sold his shares in ‘The Philippine Star’ to the group of companies managed by popular businessman Manuel V Pangilinan.
On the fourth place was Representative Alfredo Benitez, of the central Philippine province of Negros Occidental, who declared his net worth at 702.1 million pesos (Dh61.96m).
Another Negros Occidental congressman, Julio Ledesma IV, placed sixth with a net worth of 590.6 million pesos (Dh52.12m).
The other richest congressmen on the top 10 list were Ferdinand Martin Romualdez of the central Philippine province of Leyte, with assets of 474.2 million pesos (Dh41.85m) but no liabilities; Representative Mark Villar, of Metro Manila’s Las Piñas City (P361.8m; Dh31.93m); Augusto Syjuco Jr, of the central Philippine province of Iloilo (P301.6m; Dh26.62m); Enrique Conjuangco, of Tarlac, in northern Philippines (P214.8m; Dh18.96m); and Joel Roy Duavit, of Rizal province, in Luzon (P195.9m; Dh17.29m).
Syjuco lost his reelection bid. The new Congress convenes in July.
MUST READ:
Philippine box-office queen Ai-Ai de las Alas, Jed Salang split up
Abuse & Affairs: Ai-Ai de las Alas opens up about split with Jed Salang
Vin Diesel, Sarah Jessica Parker woo Filipino fans, promise to be back
Follow Emirates 24|7 on Google News.