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Richest Senator in the Philippines
The richest senator in the Philippines is Manuel "Manny" B. Villar, Jr. He was born on December 13, 1949 in Tondo, Manila (Philippines). He was elected Senator of the Philippines in June 30, 2001. According to the Philippine Star, a popular newspaper in the Philippines, his net worth in 2011 was P854.213 million based on his Statements of Assets, Liabilities and Net Worth (SALN) in 2011. Manny Villar is twice richer than Senator Ralph Recto. This makes him the richest senator in the Philippines.

Manny Villar

Manny Villar owns the Philippines' largest homebuilder, the Vista Land & Lifescapes company. Vista Land built condominiums and subdivision projects in over 50 cities and municipalities in the Philippines. It generated PhP13.5 billion sales revenues and P3.5 billion net income in 2011. It has five distinct subsidiaries (all are real estate developers) catering to different market segments:
  1. Brittany
  2. Crown Asia
  3. Camella Homes
  4. Vista Residences, Inc.
  5. Communities Philippines
Manny Villar values hard work, perseverance and persistence. It earned him the title "Mr. Sipag at Tiyaga".

As the richest senator in the Philippines, he knows the true value of giving. Through his Villar Foundation, he shares his blessings by initiating useful projects in improving the lives of many people.
This article was written by admin under the Finance / Wealth category. It has been viewed times and generated 0 comments. The article was created/updated on 22-May-2012.
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