Top 10 Richest Senators in the Philippines

Here’s the list I made based on the latest release of the senators’ net worth.

A senator’s net worth means “assets minus liabilities”. It is the difference between the assets and liabilities of a company or in this case, a person.

10 - Edgardo Angara, P70 million

9- Teofisto Guingona III, P73.9 million

8 - Pia Cayetano, P75.85 million (unchanged from the previous year)

7 - Sergio Osmeña III, P82.3 million

6 - Jose “Jinggoy” Estrada, P93.5 million

5 - Juan Ponce Enrile, P116 million

4 - Ramon “Bong” Revilla Jr., P125.7 million

3 - Ferdinand “Bongbong” Marcos Jr., P311.5 million

2 - Ralph Recto, P418.5 million

Still the richest according to the data in 2010.

1 - Manuel “Manny” Villar, P725.2 million.

Other senators who didn’t make it to the top ten (this time, in regressing order): Vicente “Tito” Sotto III, P48.9 million (Rank 11); Loren Legarda, P45.5 million (Rank 12); Juan Miguel “Migz” Zubiri, P41.2 million (Rank 13); Miriam Defensor Santiago, P40.3 million (Rank 14); Franklin Drilon, P33.4 million (Rank 15); Panfilo Lacson, P24.7 million (Rank 16); Gregorio Honasan, P19.3 million (Rank 17); Manuel “Lito” Lapid, 18.9 million (Rank 18); Alan Peter Cayetano, P15.9 million (Rank 19); Francis “Kiko” Pangilinan, 12.4 million (Rank 20); Joker Arroyo, P11 million (Rank 21); Francis Joseph “Chiz” Escudero, P8 million (Rank 22); and Antonio Trillanes IV is still the poorest with P3.8 million (Rank 23).

The poorest senator with 3.8 million-peso-net worth.

Blogger’s Note:

I believe that the figures declared by the senators are a good headstart for a BIR investigation. The Filipino people are wondering how they (I’m not mentioning names) amass such wealth. Furthermore, I am sure that majority of the figures declared are questionable. Did they really pay the correct taxes correctly? You decide.

“Politicians are people who, when they see light at the end of the tunnel, order more tunnel.” ~John Quinton, a British banker.