1-Pacman solon is House’s richest with P7B declared in SALN

By: Jhoanna Ballaran - @inquirerdotnetINQUIRER.net / 11:12 AM August 11, 2017

A port magnate and sportsman representing a partylist for the marginalized and displaced sector is the richest member of the House of Representatives, according to the latest Statement of Assets, Liabilities and Net Worth (SALN) submitted by 294 legislators.

1-Pacman Partylist Representative Michael Odylon “Mikee” Romero topped the 294-member chamber in terms of wealth, with a declared net worth of P7,009,588,018 as of December 31, 2016.

Romero has declared P7,058,000,000 total assets and P48,411,982 total liabilities.

Romero’s family owns Harbour Centre Port Terminal, Inc., which operates the Manila North Harbor terminal. He also owns a Philippine Basketball Association team, GlobalPort Batang Pier.

Kabataan Partylist Representative Sarah Jane Elago, on the other hand, is at the bottom of the list for having the least wealth with P50,000 net worth.

The summary of SALN, which was posted Thursday night on the website of the House of Representatives, showed that the top 10 richest lawmakers have at least P400 million to P1 billion in net worth.

The top 10 richest members of the House are the following:

  1. 1-Pacman Partylist Rep. Michael Odylon Romero – P7,009,588,018
  2. Diwa Partylist Rep. Emmeline Aglipay-Villar – P1,409,149,497
  3. Negros Occidental 3rd District Rep. Alfredo Abelardo Benitez – P942,964,471
  4. Ilocos Norte 2nd District Rep. Imelda Marcos – P917,800,000
  5. Quezon City 4th District Rep. Feliciano Belmonte Jr. – P852,132,586.81
  6. Manila Teachers Partylist Rep. Virgilio Lacson – P768,824,757.93
  7. Marikina City 1st District Rep. Bayani Fernando – P738,000,000
  8. Batangas 6th District Rep. Vilma Santos-Recto – P522,610,452.59
  9. Davao del Norte 2nd District Rep. Antonio Floirendo Jr. – P491,710,128.16
  10. Leyte 1st District Rep. Yedda Marie Romualdez – P477,940,905.59

House Speaker Pantaleon Alvarez, meanwhile, is at the 50th spot with a total net worth of P86,498,186.34.

Former president and now Pampanga 2nd District Rep. Gloria Macapagal-Arroyo ranked 11th with P434,636,322.52 declared net worth. JPV