Is Bongbong the richest Senator?

Manila, Philippines --- Sen. Ferdinand R. Marcos Jr., son of the late President Ferdinand E. Marcos, reported yesterday having a net worth of P437,218,376.18 for the year 2012.

Marcos is the richest among the seven senators who have so far submitted their Statement of Assets, Liabilities and Net Worth (SALNs).

The six others who submitted their SALNs were Senators Teofisto L. Guingona III, Ramon "Bong" Revilla Jr., Antonio Trillanes, Sergio Osmeña III, Panfilo M. Lacson and Francis Escudero.


Related News: Son defends Marcos over PH generals in drag

The Senate leadership told Senate reporters that it would make public the SALNs of all senators 10 days after the April 30 deadline for the filing of the SALNs with the Civil Service Commission (CSC).

In his 2012 SALN, Marcos' net worth listed personal properties amounting to P167,793,262.35, real properties worth P303, 531,886 for a total of P471,325,148.35.
But his networth amounted to P437,218,376.18 after deducting his total liabilities at P34,106,772.17 million.

Marcos' networth in 2007 was P126,4580,000.

Osmeña, on the other hand, reported in his 2012 SALN that he had real properties worth P38.77 million and personal properties valued at P115.879 million or a total asset of P115,879,000.


Related News: Bongbong tells Noynoy: Protect Filipinos first


Deducting P4.1 million representing liabilities consisting of various loans and payables from the total assets of P115.87 million, the total networth of Osmeña comes down to P111,779,000.

Marcos said the increase in his networth from 2007 to 2012 was based on the results of the issues raised in last year's Senate impeachment proceedings against then Supreme Court Chief Justice Renato C. Corona as well as the guidelines set forth in CSC Resolution no. 1300174 dated Jan. 24,2013.

These are: the acquisition cost of the various properties have been included; various real estate investments have been included (even if the same are still untitled or under construction); the various paintings belonging to the declarant have been itemized and appraised; the declarant's spouse signed the SALN; and the value of the various properties were based on the Tax Declaration of Real Property


Other News: Glitches in PCOS expected - Brillantes


Marcos pointed out that his total networth of P437.2 million was based on the October 2012 appraisal report of Cuervo Appraisers, a reputable appraisal firm used by him in the previous years.

His networth in 2008 was P179.98 million; 2009 - P315.5 million; 2010 - P311.5 million; and 2011 - P364.39 million.
Former Philippine first lady Imelda Marcos addresses supporters during a rally at Manila's Pandacan district in January 2012. The 83-year-old widow of late Philippine dictator Ferdinand Marcos will ... more 
Former Philippine first lady Imelda Marcos addresses supporters during a rally at Manila's Pandacan district in January 2012. The 83-year-old widow of late Philippine dictator Ferdinand Marcos will seek a second term as congresswoman, an aide told AFP as the family seeks to extend a remarkable political comeback less 
1 / 10
AFP News
Mon, Oct 1, 2012 8:21 PM PHT
Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Militants want US Marines pulled out of Negros
    Militants want US Marines pulled out of Negros

    The militant group Bagong Alyansang Makabayan (Bayan) is calling for the pullout of US Marines who arrived in Sagay City, Negros Occidental last Wednesday to train Special Action Force (SAF) commandos and members of the allied forces. The SAF commandos and the allied forces will secure the Asia-Pacific Economic Cooperation (APEC) ministerial meeting in this city. Bayan-Negros secretary general Christian Tuayon said the US troops might violate the human rights of activists, especially those …

  • China subs outnumber US fleet – admiral
    China subs outnumber US fleet – admiral

    China is building some “fairly amazing submarines” and now has more diesel- and nuclear-powered vessels than the United States, a top US Navy admiral told US lawmakers on Wednesday, although he said their quality was inferior. Vice Admiral Joseph Mulloy, deputy chief of naval operations for capabilities and resources, told the House Armed Services Committee’s seapower subcommittee that China was also expanding the geographic areas of operation for its submarines, and their length of …

  • Pacman mega fight tax exemption up to Congress, BIR
    Pacman mega fight tax exemption up to Congress, BIR

    Malacañang is leaving it up to Congress and the Bureau of Internal Revenue (BIR) to consider a proposed special tax exemption for boxing icon Manny Pacquiao in his much-awaited fight with Floyd Mayweather. Deputy presidential spokesperson Abigail Valte said yesterday it will have to be discussed by Congress because lawmakers are the ones who enact tax exemptions, special or general. Pacquiao has been dogged by unsettled tax obligations with the BIR. …

  • Couple married 67 years holds hands in final hours together
    Couple married 67 years holds hands in final hours together

    FRESNO, Calif. (AP) — After spending 67 years together as devoted husband and wife, there was no question how Floyd and Violet Hartwig would end their lives — together. …

  • Binay backs house arrest for JPE, GMA
    Binay backs house arrest for JPE, GMA

    Vice President Jejomar Binay yesterday supported proposals to put Sen. Juan Ponce Enrile and former President now Pampanga Rep. Gloria Macapagal- Arroyo under house arrest. “Government prosecutors are opposing house arrest for… Enrile. Binay issued the statement after the 91-year-old Enrile was rushed to the Makati Medical Center on Thursday due to pneumonia. House arrest for him would be the compassionate thing to do,” he added. …

  • 3 Pinays on Forbes power women list
    3 Pinays on Forbes power women list

    Three Filipina executives, who are all daughters of known business tycoons in the country, made it to Forbes’ list of the 50 most powerful businesswomen in Asia. Teresita Sy-Coson, vice chairman of SM Investments and chairman of BDO Universal Bank, was included in the list for the fourth year in a row since its inception. “Under her (Sy-Coson) lead SMIC became the largest listed company on the Philippine Stock Exchange by market cap. Also in the 2015 list is 70-year-old Helen Yuchengco-Dee, …

  • Hijacked Indonesian vessel found in Davao
    Hijacked Indonesian vessel found in Davao

    An Indonesian cargo vessel that was hijacked a month ago in North Sulawesi, Indonesia has been found stuck in the waters off Mati, Davao Oriental, the Philippine Coast Guard (PCG) reported yesterday. PCG spokesperson Armand Balilo said the PCG- Southeastern Mindanao district was informed on Feb. 23 that the M/T Rehoboth was found aground off Barangay Cabuaya. Four personnel from the local PCG district office were sent to verify the report. The vessel was reportedly hijacked by …

  • Phl now biggest grower of GM crops
    Phl now biggest grower of GM crops

    The Philippines is now the twelfth biggest grower of genetically modified (GM) crops. …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options