MANILA - The Senate has released the 2019 summary of the Statements of Assets, Liabilities and Net Worth of senators with Sen. Cynthia Villar topping the list with a P3.81-billion net worth.
Villar is the wife of the Philippines' richest man Manny Villar, who has stakes in real estate, land development, retail and utilities, among other businesses in the country.
Mr. Villar's net worth is estimated at around P282.9 billion, skyrocketing past the wealth of ports magnate Enrique Razon and heirs of the late mall tycoon Henry Sy, among others, according to a Forbes survey released in the second quarter of 2020.
Boxing champion Sen. Manny Pacquiao is the second wealthiest senator with a net worth of P3.17-billion.
Detained Sen. Leila de Lima, who was accused of profiting from the sale of illegal narcotics in the national penitentiary, reported the least assets in 2019 with an P8.32 million net worth.
Below is the complete ranking of the senators based on their latest declared net worth:
1) Sen. Cynthia Villar: P3,814,091,438
2) Sen. Manny Pacquiao: P3,172,524,957
3) Senate President Pro Tempore Ralph Recto: P567,438,429
4) Senate Majority Leader Juan Miguel Zubiri: P203,667,746
5) Sen. Ramon "Bong" Revilla Jr.: P176,363,262
6) Sen. Sonny Angara: P142,212,659
7) Senate Minority Leader Franklin Drilon: P102,259,501
8) Sen. Grace Poe: P97,631,508
9) Sen. Sherwin Gatchalian: P95,404,344
10) Sen. Pia Cayetano: P82,774,150
11) Senate President Vicente Sotto III: 77,772,861
12) Sen. Richard Gordon: P71,207,733
13) Sen. Lito Lapid: P70,948,600
14) Sen. Francis Tolentino: P61,172,000
15) Sen. Nancy Binay: P60,318,928
16) Sen. Panfilo Lacson: P48,959,138
17) Sen. Aquilino "Koko" Pimentel III: P36,308,400
18) Sen. Imee Marcos: P34,020,467
19) Sen. Ronald Dela Rosa: P33,025,241
20) Sen. Joel Villanueva: P30,249,305
21) Sen. Francis "Kiko" Pangilinan: P19,975,821
22) Sen. Christopher "Bong" Go: P18,391,012
23) Sen. Risa Hontiveros: P16,050,112
24) Sen. Leila De Lima: P8,323,470
As of Dec 31, 2019, 21 senators reported an increase in net worth, while 3 senators reported a decline.
Villar got the highest increase at P300 million in a span of 6 months, followed by Pacquiao whose wealth grew by P170 million in one year.
Zubiri's net worth increased by around P21 million, while Recto's grew by approximately P12 million.
Gatchalian and Gordon reported lower net worth by the end of 2019, with a reduction of P1 million, and P82,000 respectively.
Of the 4 neophyte senators, 3 got richer about half a year since they were elected into the Senate, according to the SALNs they submitted.
Among first-time senators, Dela Rosa posted the highest gain with his wealth increasing by P5 million, followed by Marcos (P4 million), and Go (P3 million).
Tolentino is the lone neophyte senator who incurred losses in his first 6 months in office. His net worth dropped by about P1.3 million.
In terms of liabilities, Pacquiao's was the highest at P356 million, followed by Sotto with P305.99 million.
Zubiri and Lapid also had 9-digit liabilities amounting to P140.93 million, and P100.86 million, respectively.
Hontiveros and Villar were the only 2 senators who did not report any debt.
Senators are under salary grade 31, which is equivalent to a monthly pay of at least P117,086, according to the Department of Budget and Management.
In September, Ombudsman Samuel Martires limited the public's access to SALNs, saying the the documents detailing the assets, liabilities and net worth of government officials may be weaponized against officials.
Sotto said the Senate would continue to release information and documents related to their work in the chamber.
"Sa Senate may FOI... Meron kaming Freedom of Information," Sotto said in an online forum on Wednesday.
(We have Freedom of Information in the Senate.)
"Mayroon kaming website... Makikita nila doon lahat," he said.
(We have a website... Everything is there.)