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House now has two billionaires

THE House of Representatives now has two billionaires.

Based on the 2018 Statement of Assets, Liabilites and Net Worth (SALN) of House members, as posted on the Congress websites, the two richest solons are 1PACMAN Rep. Mikee Romero and Negros Occidental Rep. Albee Benitez.

Romero has declared a net worth of P7.291 billion which has no changes from his 2017 SALN. He is known to be a port tycoon as chair of the Board of Globalport 900 Inc, a a company that develops and operates port facilities in the country.

Benitez, who is an outgoing congressman, had a net worth of P1.017 billion, slightly higher from a 2017 net worth of P1.004 billion.

Those with less than a billion in assets are Ilocos Norte Rep. Imelda Marcos, P923.8 million; Quezon City Rep. Feliciano Belmonte Jr., P864.8 million; Manila Teachers Rep. Virgilio Lacson,  P793.9 million, Marikina  Rep. Bayani Fernando;  P748 million; Davao del Norte  Rep. Antonio Floirendo Jr. P714.6 million; Batangas Rep. Vilma Santos-Recto P555.3 million;  Leyte Rep. Yedda Romualdez, P487.6 million, and House Speaker Gloria Macapagal-Arroyo, P479.5 million.

The former President’s net worth increased by P14.7 million from her 2017 net worth of P464.8 million.

Meanwhile, Kabataan Rep. Sarah Elago is still the poorest lawmaker with a net worth of just P85,400, a slight increase from her 2017 total of P75,800.

Majority Leader Fredenil Castro declared a net worth of P39.9 million, while Minority Leader Danilo Suarez had P214.8 million.

Joining Elago in the list of poorest members are Kabayab Rep. Paul Hernandez, P340,000; Camarines Sur Rep. Gabriel Bordado Jr., 515,659; Gabriela Rep. Arlene Brosas, P518,660; DIWA party-list Rep. Pepito Pico, P680,000; ACT Teachers Rep. France Castro, P912,809; and Anakpawis Rep. Ariel Casilao; P913,351.

Two Makabayan solons, Gabriela Rep. Emmi de Jesus and Bayan Muna Rep. Carlos Zarate,  are included in the poorest although their net worth showed they each have more than P1 million.

De Jesus declared P1.895 million while Zarate  had P1.719 million.

Publication Source :    People's Journal