Pacquiao still holds undisputed title as richest congressman


World boxing champion and Sarangani Rep. Emmanuel “Manny” Pacquiao may have paid millions to settle his tax debts but he has enough money left to make him the richest member of the House of Representatives for the fourth straight year.

The Summary Report on the Statements of Assets, Liabilities and Net Worth for 2013 of the members of the House released by the House Secretary General on Wednesday lists Pacquiao’s net worth as P1.35 billion.

By contrast, the “poorest” congressman, with a net worth of P37,722, is Fernando Hicap of Anakpawis, a party-list which represents farmers and fisherfolk.

The second poorest is Abakada’s Rep. Jonathan dela Cruz with P550,000, followed by Dinagat Islands’ Arlene Bag-ao with P598,012.

Pacquiao—the only boxer to hold eight titles in as many divisions—actually got “poorer,” since his net worth in 2013 was smaller than his  P1.7 billion in 2012.

Still, Pacquiao is the only House member to breach the billion-peso mark in terms of net worth. He has P1.1 billion worth of real property, P763.2 million personal property and P527 million liabilities.

Coming in second is former First Lady and Ilocos Norte Rep. Imelda Marcos, with P922.8 million, followed by Speaker Feliciano Belmonte Jr. with P819.7 million.

Congresswoman Marcos has P920 million real property, P12.8 million personal property and P10 million liabilities.

Belmonte, the vice chairman of the Liberal Party, has P15.2 million real property, P806.9 million personal property and P2.3 million in liabilities.

Marcos’ 2013 net worth was P922 million, the same as in 2012. Belmonte’s net     worth rose slightly, to P819 million from P817 million last year.

In fourth place is Negros Occidental’s Albee Benitez with P713.8 million, followed by Negros Occidental’s Jules Ledesma with P617 million.

Benitez’ P713.8 million 2013 net worth was higher than his P702 million the year before. Ledesma’s P617 million in 2013 increased from P590 million in 2012.

Mark Villar of Las Piñas City (Metro Manila) was sixth with P526.4 million, while Congresswoman Marcos’ nephew Ferdinand Martin Romualdez of Leyte was seventh with P475 million.

Villar’s P526.4 million was higher than his P361.78 million in 2012 and P161 million in 2011.

Romualdez’s 2013 net worth rose to P475 million from P474 million in 2012.

Rounding up the top 10 richest lawmakers for 2013 are Joel Roy Duavit of Rizal (P273 million), Enrique Cojuangco of Tarlac (P217.5 million) and Zajid Mangudadatu of Maguindanao (P215.8 million).

Duavit’s net worth was P78 million higher than his 2012 net worth. Cojuangco also gained P3.5 million more in 2013 from his net worth of P214 million in 2012.

On the poorest list, Abigail Faye Ferriol of Kalinga is fourth (P636,980), Mark Terry Ridon of Kabataan party-list is fifth (P900,000), Emmi de Jesus of Gabriela sixth (P1.2 million), Antonio Tinio of Alliance of Concerned Teachers party-list seventh (P1.28 million), Ashley Acedillo of Magdalo party-list eighth (P1.3 million), Elmer Panotes of Camarines Norte ninth (P1.45 milion) and Carlos Zarate of Bayan Muna party-list 10th (P1.52 million).

Former President Gloria Arroyo, who now represents Pampanga, listed a net worth of P136.7 million.


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