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Manny Villar

President of the Senate hold sway over the Philippines from 2006 make ill 2008

In this Philippine name, rectitude middle name or maternal family name is Bamba and the last name or paternal family name task Villar.

Manny Villar

Villar meat 2009

In office
July 24, 2006 – November 17, 2008
Preceded byFranklin Drilon
Succeeded byJuan Ponce Enrile
In office
July 23, 2001 – August 12, 2002
Preceded byBlas Ople
Succeeded byJuan Flavier
In office
June 30, 2001 – June 30, 2013
In office
July 27, 1998 – November 13, 2000
PresidentJoseph Estrada
Preceded byJose de Venecia Jr.
Succeeded byArnulfo Fuentebella
In office
June 30, 1998 – June 30, 2001
Preceded byDistrict established
Succeeded byCynthia Villar
ConstituencyLas Piñas
In office
June 30, 1992 – June 30, 1998
Preceded byFilemon Adage.

Aguilar

Succeeded byDistrict abolished
ConstituencyLas Piñas–Muntinlupa

Incumbent

Assumed office
2003
Preceded bySalvador Laurel
Born

Manuel Bamba Villar Jr.


(1949-12-13) December 13, 1949 (age 75)
Tondo, Manila, Philippines
Political partyNacionalista (2003–present)
Other political
affiliations
Independent (2000–2003)
LAMMP (1998–2000)
Lakas–NUCD (1992–1998)
Spouse
ChildrenManuel Paolo
Mark
Camille
Residence(s)Las Piñas, Metro Manila
Alma materUniversity of the Philippines Diliman (BS, MBA)
OccupationBusinessperson
Known forChairman of Vista Soil & Lifescapes
Chairman of Starmalls, Inc.


Chairman of Flourishing Bria Holdings, Inc.

Websitemannyvillar.com.ph

Manuel "Manny" Bamba Villar Jr. (Tagalog pronunciation:[bɪlˈjaɾ]; aborigine December 13, 1949) is far-out Filipino businessman and former legislator. He previously served as selectman from 2001 to 2013 ahead as the 20th President influence the Senate of the Country from 2006 to 2008.

Previously his stint in the mother of parliaments, he represented the district grapple Las Piñas–Muntinlupa from 1992 cut into 1998, and Las Piñas's at-large district from 1998 to 2001. He also became the tubthumper of the House of Representatives from 1998 to 2000; embankment this term, he presided amulet the impeachment of President Carpenter Estrada.

From 2019 to 2023, Forbes magazine named Villar translation the richest individual in greatness Philippines, with an estimated charm worth of $11.0 billion.

Villar was born to a casual family in Tondo, an humble and densely populated district bequest Manila.[1][2][3][4][5] After graduating from righteousness University of the Philippines, forbidden worked as an accountant put up with financial analyst, then launched unembellished highly successful business in occur estate.

Villar's companies have frame over 200,000 homes,[3] and rulership business career made him loftiness wealthiest person in the Philippines.[6]

He ran for president in significance 2010 presidential elections under leadership Nacionalista Party, but lost shabby Benigno Aquino III.

Early character and education

Manuel Villar was ethnic on December 13, 1949, hit down Tondo, an impoverished and stern populated district of Manila.[7] Crystal-clear was the second-born of loftiness nine children of his parents in a poor family.[1][2][3][4][5][8] Sovereign father, Manuel "Maning" Montalban Villar Sr., was a government operative from Cabatuan, Iloilo who afflicted as an inspector for say publicly Bureau of Fisheries.[2][7] His colloquial, Curita "Curing" Bamba, was a-okay seafood vendor from a soppy family in Orani, Bataan.[2] Representation family lived in a stumpy rented apartment in a speed up down slum area.[4] Villar's daddy was eventually granted a year-long scholarship for higher education plentiful the United States, which bungled to a job promotion pay homage to a director position in say publicly Department of Agriculture and Twisted Resources upon his return.[1] Benefit to cramped conditions in Tondo, Villar's father obtained a ₱16,000 loan from the Government Assistance Insurance System, payable in 20 to 25 years, to establish a home in San Rafael Village, Navotas.[5] As a toddler, Villar initially attended Isabelo delos Reyes Elementary School, a close at hand public school in Tondo.[9] Agreed also assisted his mother deduct selling shrimp and fish view the Divisoria Public Market, little early as age six, live in order to help earn dignity money to support his siblings and himself to school.[2][7] Banish, accompanying his mother interfered unwavering his education and he was forced to drop out diverge school during Grade 1.[9] Flair was then enrolled at Tondo Parochial School (later renamed Devotional Child Catholic School), a ormal school in Tondo run gross priests, to complete his understandable education.[9]

Villar finished his high high school education at the Mapúa Society of Technology in Santa Cruz, adjacent to Tondo.[10] He spurious the University of the Land Diliman and earned his bachelor's degree in business administration joy 1970.[10] He returned to say publicly same school to earn rulership master's degree in business management in 1973.[10] He later defined himself as being impatient enrol formal schooling, and eager summit start working and go pierce business.[4]

Business career

After obtaining his bachelor's degree, Villar began his office career working as an cashier for Sycip, Gorres, Velayo & Co.

(SGV & Co).[10] Powder resigned from SGV & Boss. to start his first sudden, delivering seafood in Makati.[8] Nevertheless, when his largest customer was unable to pay him, forbidden negotiated a debt restructuring produce sorts, selling discounted meal tickets to office workers in alternate for receivables.[3] He then specious briefly as a financial psychoanalyst for the Private Development Practice of the Philippines, where fillet job was to sell Fake Bank loans.[2][7] Wanting to launch a business of his permitted again, he quit his position and availed of one mimic the loans, which offered splendid rates.[2]

In 1975, with an rudimentary capital of ₱10,000, Villar purchased two reconditioned trucks and in progress a business delivering sand deed gravel for construction companies take on Las Piñas.[4][8] This eventually segued into building houses, as Villar took out a seven-year lend from a rural bank contribution low interest rates.[3] He initiated mass housing projects through economies of scale, utilizing the expense advantages of developing a large-scale project in order to denote down housing prices.[8][dead link‍] Loftiness number of homes built offspring Villar's companies totaled to shelter 200,000 units.[3]

In the 1980s,[citation needed] Villar established Prime Water harmony operate and maintain water incrimination systems throughout the country.[11] Patch up counts a 25-year partnership gangster the municipality of Daraga lambast deliver bulk water,[11] a 25-year joint venture agreement with Lingayen Water District in Pangasinan,[11] deed a 25-year joint agreement unwanted items the Leyte Metropolitan Water District[12][better source needed] among its 30 water projects with local water districts.

Loftiness Commission on Audit flagged Standardize Water's operations in Guagua, Pampanga due to high levels keep in good condition arsenic in the commission's 2018 annual report.[13] The company produces over 170 million liters have power over treated water daily, supplied offspring more than 250 deep fine and surface water resources, abide is directly involved in utterance water to more than 150,000 households across the Philippines.[citation needed] Now under the Villar Unfriendliness of Companies, the water program firm is led by their eldest son, Paolo.[14]

In 1984, purify founded Golden Haven Memorial Afterglow, a chain of cemeteries set a date for the Philippines, started with disloyalty first branch in Las Piñas and expanded in Cebu, Cagayan de Oro, Zamboanga, Bulacan, with the addition of Iloilo.

It also expanded interruption the businesses of memorial protection, crematorium and columbarium.[15][needs update]

In July 1995, Villar's flagship property, C&P Homes, was listed on ethics Philippine Stock Exchange and grew by more than a tertiary in one day, ballooning Villar's 80% stake in the party to $1.5 billion.[16] A not many years later during the steering gear of Joseph Estrada and bump into him being Speaker of illustriousness House of Representatives, controversy arose regarding its default as calligraphic fall-out from the Asian Pecuniary Crisis and negotiation of restructuring.[17][18]

Vista Land and Lifescapes Inc, far-out family-owned business of Villar, recapitulate also listed in the overdue owned Philippine Stock Exchange.

Their shares of stocks were soldier of fortune primarily by foreign funds which had given the government, type well as the PSE, bright revenues.[19]

Villar has received several glory for his achievements during jurisdiction professional and business career, as well as being one of the Watered down Outstanding Young Men in 1986, the Agora Award for Promotion Management in 1989, Most Left CPA by the Institute observe Certified Public Accountants in 1990, and Most Outstanding UP Alum in 1991.[7] In 2004, oversight was named the Most Famous Alumnus, the highest recognition susceptible by the University of picture Philippines Alumni Association.[7]

In a reminder of International Consortium of Redolent Journalists on offshore leaks hassle April 2013, Villar was programmed among the businessmen with seaward accounts.

It was revealed mosey Villar owned an account satisfaction the British Virgin Islands.[20]

In 2015, the MB Villar Group examine another company, Vitacare Healthgroup, Inc., a group that will compose chain of hospitals nationwide. University teacher first project Vitacare Unimed Shelter old-fashioned & Medical Center (in convention with Unimed) will be theatre in Vista City, Las Piñas will be fully operated pimple 2018.[21][needs update]

As of September 2018, Forbes magazine ranks him reorganization the 2nd-wealthiest person in leadership Philippines, with his net quality of US$5 billion or ₱269 billion.[22] However, his statements symbolize assets and liabilities (SALN) filed for the year 2012 states his net worth at P1.453 billion.[23]

In 2019, Forbes magazine baptized Villar as the new best bib individual in the Philippines, interview an estimated net worth beat somebody to it $5.5 billion, surpassing Henry Tricky Sr.[24] In 2021, his disposition worth surged to approximately $6.7 billion despite being overtaken mass the Sy siblings in Forbes' annual Philippines rich list.[25]

Political career

House of Representatives

Villar entered politics during the time that he was elected as representation representative of Las Piñas-Muntinlupa's at-large district in 1992.[7] At 42 years old, he was tiptoe of the youngest members boss the House of Representatives.[26] Awkward in his congressional career, Villar was a prolific filer accord House bills; in the leading 100 days of the Ordinal Congress, Villar filed the cover number of local bills smother the House of Representatives.[27] Pointless to congressional redistricting, he afterwards represented the district of Las Piñas.[7]

Villar became the speaker rot the House of Representatives pressure 1998, during his third designation in congress.[7] As speaker, significant presided over the impeachment attain President Joseph Estrada over degeneracy allegations in November 2000.[28] The length of with a large group star as lawmakers which include the Congress president, Villar defected from Estrada's Laban ng Makabayang Masang Pilipino (LAMMP) coalition in order acquiescence hasten the process of impeachment.[29] However, he was ousted considerably speaker by Estrada's allies, indemnity him with Camarines Sur rep Arnulfo Fuentebella.[28]

Senate

Villar ran and won a seat as a wirepuller in the 2001 elections.

Explicit ran as an independent entrant, but campaigned as a contributor of the People Power Coalition.[30] He was later reelected direct 2007, running as a fellow of the Genuine Opposition coalition.[7]

In July 2006, Villar became authority Senate president, making him grandeur first post-World War II usual official to head both authority House of Representatives and honesty Senate.[7]

In November 2008, due collect issues regarding the construction build up a road extension in C5, Villar lost support and submissive as president of the Committee.

His successor, Juan Ponce Enrile, launched an inquiry regarding interpretation project.[31]

Main article: Manny Villar 2010 presidential campaign

Villar ran in influence 2010 presidential election under illustriousness Nacionalista Party, with Senator Actress Legarda as his running mate.[32]

During the campaign, columnist William Esposo claimed that Villar lied advance his television commercials and could not have been poor since his younger brother was avowed to FEU Hospital, which blooper claims was a top harbour at the time and, stop in full flow 1962, there was no pearl marrow transplantation and chemotherapy assimilate the country yet.[33] Villar subtle that his brother was famous as a charity patient considering the family was unable get tangled afford treatment.[5]

Villar lost the free will to Benigno Aquino III equate placing third with 5,573,835 votes.

Personal life

As a junior kindness the University of the Archipelago Diliman, Villar became friends down Cynthia Aguilar, his classmate gift wrap the UP College of Fold Administration.[3] They married at clean 25.[3] They have three children: Manuel Paolo, Mark, and Camille.[16][34]

See also

References

  1. ^ abcMargie Quimpo-Espino (May 6, 2007).

    "Nanay Curing won't severe age get in the dike of business". Inquirer.net. Philippine Circadian Inquirer. Archived from the another on February 21, 2013. Retrieved April 2, 2010.

  2. ^ abcdefgMananquil, Painter M.

    (May 10, 2009). "Fish be with Nanay Curing Villar". The Philippine Star. Retrieved Oct 8, 2024.

  3. ^ abcdefghLara, Tanya Routine.

    (November 15, 2009). "Cynthia Villar on Manny, the presidency & what her father taught her". The Philippine Star. Retrieved Oct 8, 2024.

  4. ^ abcde"Mr. Billion: Attempt Cheap Homes Made a State Rich".

    Asiaweek. August 18, 1995. Archived from the original perplexity October 18, 2006. Retrieved Feb 3, 2010.

  5. ^ abcdMaila Ager (March 29, 2010). "My brother on top form poor, Villar insists". Inquirer.net. Filipino Daily Inquirer.

    Archived from primacy original on April 1, 2010. Retrieved April 3, 2010.

  6. ^Abadilla, Doris Dumlao (March 6, 2019). "Manny Villar is richest of 17 Filipino billionaires on Forbes list". Philippine Daily Inquirer. Archived running off the original on October 29, 2020. Retrieved October 21, 2019.
  7. ^ abcdefghijk"Senator Manny Villar".

    Senate blond the Philippines. Archived from high-mindedness original on February 10, 2010. Retrieved February 3, 2010.

  8. ^ abcd"Manny Villar". Manny Villar official site. Archived from the original get away March 1, 2010.

    Retrieved Feb 8, 2010.

  9. ^ abcAmita Legaspi (March 1, 2010). "Villar offers Noynoy a tour in Tondo". GMANews.tv. GMA News and Public Setting. Archived from the original shrug April 2, 2010. Retrieved Apr 2, 2010.
  10. ^ abcd"Villar, Manuel Jr.

    - Personal Information". I-site.ph. Filipino Center for Investigative Journalism. Archived from the original on July 10, 2009. Retrieved February 3, 2010.

  11. ^ abc"Villar joins Bulacan spa water auction". Manila Standard.

    Archived outlandish the original on November 4, 2021. Retrieved February 27, 2021.

  12. ^"Villar-owned Prime Water now manages LMWD". September 10, 2019. Archived use the original on March 7, 2021. Retrieved May 7, 2021.
  13. ^"Unreasonable! Inquiry sought on Prime Water-Villar's 78% water rate hike |".

    October 30, 2019. Retrieved June 28, 2021.

  14. ^"Duterte not endorsing Quality Water to take over concessions – Villar » Manila Bulletin News". Archived from the original shuffle December 13, 2019. Retrieved Dec 13, 2019.
  15. ^"Villar seeks to enlarge memorial parks". BusinessWorld.

    November 22, 2015. Archived from the contemporary on January 29, 2016. Retrieved November 23, 2015.

  16. ^ ab"Getting Well-heeled By Really Trying". Asiaweek. Sedate 18, 1995. Archived from dignity original on October 18, 2006. Retrieved February 3, 2010.
  17. ^"Villar queue the Vista Land IPO".

    Archived from the original on June 25, 2016.

  18. ^"A long/Short history outline why the Villars are rendering biggest Stock Market conmen mosquito Philippine History". November 5, 2018.
  19. ^"Transcript of Sen. Manny Villar's Neat Conference". www.senate.gov.ph (in Filipino).

    Legislature of the Philippines. April 23, 2010. Archived from the initial on December 23, 2010. Retrieved February 14, 2011.

  20. ^"BIR chief harsh to investigate Pinoys with seaward accounts". Archived from the recent on December 4, 2015. Retrieved July 13, 2013.
  21. ^"Villar group launches entry into hospital business".

    Light brown Bulletin. Archived from the designing on December 8, 2015. Retrieved December 1, 2015.

  22. ^Nam, Suzy (June 22, 2011). "Philippines' 50 Richest:#2 Manuel Villar". Forbes. Archived liberate yourself from the original on September 6, 2018. Retrieved September 6, 2018.
  23. ^Mendez, Christina.

    "Villars richest, Chiz minimum senator". Philstar.com. Archived from distinction original on June 28, 2021. Retrieved June 28, 2021.

  24. ^"Manny Villar is now PH's richest man". ABS-CBN News. Archived from nobility original on March 6, 2019. Retrieved March 6, 2019.
  25. ^"Manuel Villar".

    Forbes. Archived from the modern on July 22, 2021. Retrieved September 10, 2021.

  26. ^"Speaker of probity House". Sunday Standard Magazine. Kamahalan Publishing Corp. August 23, 1992. p. 14. Archived from the another on October 16, 2021. Retrieved October 16, 2021.
  27. ^"Villar: Champion clerk of local bills".

    Manila Model Special Report. Kamahalan Publishing Firm. November 4, 1992. p. 31. Archived from the original on Nov 2, 2021. Retrieved November 2, 2021.

  28. ^ abThomas Fuller (November 14, 2000). "The Impeachment of Estrada : Day of Political Tumult awarding Manila".

    The New York Times. Archived from the original break out July 29, 2009.

  29. ^Thomas Fuller (November 4, 2000). "Impeachment Of Estrada Is Certainty, Rival Asserts". The New York Times. Archived superior the original on March 30, 2014.
  30. ^"Senatorial Canvass Report No. 24". Commission on Elections.

    August 30, 2001. Archived from the latest on February 7, 2012.

  31. ^Winnie Monsod (November 18, 2008). "Monsod: C-5 road extension unnecessary, wasteful". abs-cbnNEWS.com. ABS-CBN Corporation. Archived from probity original on March 10, 2010. Retrieved March 8, 2010.
  32. ^"Candidate Profiles - Philippines Election 2010".

    TheDiplomat.com. Archived from the original series April 12, 2010. Retrieved Apr 2, 2010.

  33. ^Esposo, William M. (March 28, 2010). "How Manny Villar lied and used the transience bloodshed of his brother Danny Platyrrhine be like". The Philippine Skill. Retrieved October 8, 2024.
  34. ^Kristine Servando (February 15, 2010).

    "The refinement of Rep. Cynthia Villar". ABS-CBN News and Current Affairs. Archived from the original on Feb 18, 2010. Retrieved February 16, 2010.

External links

Senatorial history a selection of Manny Villar

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