Under the Code of Conduct and Ethical standards for Public Officials
and Employees (RA 6713), members of Congress are required to
declare their assets and liabilities on or before the 30th of
April every year. Based on their net worth statements, the wealthiest
member of the Senate for 2001 is Sen. Manuel Villar, Jr. with
a net worth of P405.5 million, including P200 million in shares
of stock. He is followed by Senators Ralph Recto (P228.69 million),
Ramon Magsaysay, Jr. (P129.78 million) and Teresa Aquino Oreta
(P113.15 million).
At the other end of the list are Senators Juan Flavier (P2.07
million), Blas Ople (P6.96 million), Gregorio Honasan (P7.55
million), and Joker Arroyo (P11.05 million). The five highest
net worth figures are within the range of P100 million and
P400 million. On the other hand, the five lowest net worth
figures are within the range of P2 million and P11 million.
At the House, the richest members are Representatives Cynthia
Villar (Las Piñas City- Lone District), wife of Manny
Villar; therefore the same net worth statement of P405.5 million;
Mark Jimenez (Manila-6th District), P355.85 million; Augusto
Syjuco (Iloilo-2nd District), P248.75 million; Vicente Sandoval,
Jr. (Palawan-1st District), P242.47 million; Abdullah Dimaporo
(Lanao del Norte-2nd District), P107.91 million; and Rafael
Nantes (Quezon-1st District), P107.49 million.
Those with the lowest reported net worth statements are Representatives
Crispin Beltran (BAYAN), P81,000; Satur Ocampo (BAYAN), P723,000;
Gregorio Ipong (North Cotabato-2nd District), P1.04 million;
Vida Espinosa (Masbate-1st District), P1.21 million; Zenaida
Cruz-Ducut (Pampanga-2nd District), P1.31 million; and Nerissa
Corazon Soon-Ruiz (Cebu-6th District), P1.46 million.
