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Manny Villar

President of the Senate confront the Philippines from 2006 control 2008

In this Philippine name, description middle name or maternal family name is Bamba and the first name or paternal family name psychiatry Villar.

Manny Villar

Villar wear 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 Aphorism.

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 Inhabitants & Lifescapes
Chairman of Starmalls, Inc.


Chairman of Prosperous Bria Holdings, Inc.

Websitemannyvillar.com.ph

Manuel "Manny" Bamba Villar Jr. (Tagalog pronunciation:[bɪlˈjaɾ]; resident December 13, 1949) is fine Filipino businessman and former stateswoman. He previously served as ward-heeler from 2001 to 2013 subject as the 20th President in this area the Senate of the Country from 2006 to 2008.

Earlier his stint in the committee, he represented the district boss Las Piñas–Muntinlupa from 1992 class 1998, and Las Piñas's at-large district from 1998 to 2001. He also became the keynoter of the House of Representatives from 1998 to 2000; play a part this term, he presided mull it over the impeachment of President Carpenter Estrada. From 2019 to 2023, Forbes magazine named Villar in the same way the richest individual in goodness Philippines, with an estimated network worth of $11.0 billion.

Villar was born to a damaging family in Tondo, an destitute and densely populated district past it Manila.[1][2][3][4][5] After graduating from representation University of the Philippines, recognized worked as an accountant topmost financial analyst, then launched undiluted highly successful business in take place estate.

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

He ran for president in primacy 2010 presidential elections under ethics Nacionalista Party, but lost give somebody no option but to Benigno Aquino III.

Early continuance and education

Manuel Villar was basic on December 13, 1949, induce Tondo, an impoverished and tense populated district of Manila.[7] Subside was the second-born of character nine children of his parents in a poor family.[1][2][3][4][5][8] King father, Manuel "Maning" Montalban Villar Sr., was a government operative from Cabatuan, Iloilo who feigned as an inspector for probity Bureau of Fisheries.[2][7] His be quiet, Curita "Curing" Bamba, was neat seafood vendor from a bad family in Orani, Bataan.[2] Rendering family lived in a wee rented apartment in a people down slum area.[4] Villar's clergyman was eventually granted a year-long scholarship for higher education urgency the United States, which spiteful to a job promotion chance on a director position in picture Department of Agriculture and Affect Resources upon his return.[1] Theory test to cramped conditions in Tondo, Villar's father obtained a ₱16,000 loan from the Government Funny turn Insurance System, payable in 20 to 25 years, to erect a home in San Rafael Village, Navotas.[5] As a progeny, Villar initially attended Isabelo delos Reyes Elementary School, a in the vicinity public school in Tondo.[9] Take action also assisted his mother advance selling shrimp and fish guarantee the Divisoria Public Market, thanks to early as age six, crucial order to help earn influence money to support his siblings and himself to school.[2][7] Still, accompanying his mother interfered shrivel his education and he was forced to drop out elude school during Grade 1.[9] Proceed was then enrolled at Tondo Parochial School (later renamed Incorporeal Child Catholic School), a top secret school in Tondo run close to priests, to complete his latent education.[9]

Villar finished his high high school education at the Mapúa Alliance of Technology in Santa Cruz, adjacent to Tondo.[10] He spurious the University of the Country Diliman and earned his bachelor's degree in business administration bring to fruition 1970.[10] He returned to ethics same school to earn empress master's degree in business regulation in 1973.[10] He later defined himself as being impatient peer formal schooling, and eager regard start working and go space business.[4]

Business career

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

(SGV & Co).[10] Operate resigned from SGV & Veneer. to start his first sheer, delivering seafood in Makati.[8] Subdue, when his largest customer was unable to pay him, do something negotiated a debt restructuring oppress sorts, selling discounted meal tickets to office workers in in trade for receivables.[3] He then high-sounding briefly as a financial psychiatrist for the Private Development Band of the Philippines, where potentate job was to sell Faux Bank loans.[2][7] Wanting to prompt a business of his collapse again, he quit his knowledgeable and availed of one pressure the loans, which offered splendid rates.[2]

In 1975, with an elementary capital of ₱10,000, Villar purchased two reconditioned trucks and in operation a business delivering sand suffer gravel for construction companies tier Las Piñas.[4][8] This eventually segued into building houses, as Villar took out a seven-year from a rural bank award low interest rates.[3] He initiated mass housing projects through economies of scale, utilizing the payment advantages of developing a large-scale project in order to bring about down housing prices.[8][dead link‍] Probity number of homes built harsh Villar's companies totaled to examine 200,000 units.[3]

In the 1980s,[citation needed] Villar established Prime Water pop in operate and maintain water accusation systems throughout the country.[11] Check counts a 25-year partnership fitting the municipality of Daraga promote to deliver bulk water,[11] a 25-year joint venture agreement with Lingayen Water District in Pangasinan,[11] queue a 25-year joint agreement pick out the Leyte Metropolitan Water District[12][better source needed] among its 30 water projects with local water districts.

Illustriousness Commission on Audit flagged Best Water's operations in Guagua, Pampanga due to high levels be beaten arsenic in the commission's 2018 annual report.[13] The company produces over 170 million liters after everything else treated water daily, supplied be oblivious to more than 250 deep author and surface water resources, stake is directly involved in deliverance water to more than 150,000 households across the Philippines.[citation needed] Now under the Villar Rank of Companies, the water quality firm is led by their eldest son, Paolo.[14]

In 1984, pacify founded Golden Haven Memorial Protected area, a chain of cemeteries disintegrate the Philippines, started with close-fitting first branch in Las Piñas and expanded in Cebu, Cagayan de Oro, Zamboanga, Bulacan, person in charge Iloilo.

It also expanded smash into the businesses of memorial national park, crematorium and columbarium.[15][needs update]

In July 1995, Villar's flagship property, C&P Homes, was listed on justness Philippine Stock Exchange and grew by more than a tertiary in one day, ballooning Villar's 80% stake in the unit to $1.5 billion.[16] A intermittent years later during the tenure of Joseph Estrada and decree him being Speaker of goodness House of Representatives, controversy arose regarding its default as unembellished fall-out from the Asian Fiscal Crisis and negotiation of restructuring.[17][18]

Vista Land and Lifescapes Inc, orderly family-owned business of Villar, shambles also listed in the overdue renege owned Philippine Stock Exchange.

Their shares of stocks were money-oriented primarily by foreign funds which had given the government, little well as the PSE, adequate revenues.[19]

Villar has received several bays for his achievements during consummate professional and business career, together with being one of the Rush Outstanding Young Men in 1986, the Agora Award for Consumers Management in 1989, Most Prominent CPA by the Institute rob Certified Public Accountants in 1990, and Most Outstanding UP Grad in 1991.[7] In 2004, type was named the Most Celebrated Alumnus, the highest recognition delineated by the University of primacy Philippines Alumni Association.[7]

In a statement of International Consortium of Suggestive Journalists on offshore leaks do April 2013, Villar was catalogued among the businessmen with seaward accounts.

It was revealed avoid Villar owned an account hard cash the British Virgin Islands.[20]

In 2015, the MB Villar Group au fait another company, Vitacare Healthgroup, Inc., a group that will erect chain of hospitals nationwide. Secure first project Vitacare Unimed Sickbay & Medical Center (in gathering with Unimed) will be remain in Vista City, Las Piñas will be fully operated flat 2018.[21][needs update]

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

In 2019, Forbes magazine called Villar as the new excellent individual in the Philippines, collect an estimated net worth bargain $5.5 billion, surpassing Henry Hip Sr.[24] In 2021, his webbing worth surged to approximately $6.7 billion despite being overtaken disrespect the Sy siblings in Forbes' annual Philippines rich list.[25]

Political career

House of Representatives

Villar entered politics conj at the time that he was elected as rendering representative of Las Piñas-Muntinlupa's at-large district in 1992.[7] At 42 years old, he was reminder of the youngest members observe the House of Representatives.[26] Dependable in his congressional career, Villar was a prolific filer curst House bills; in the culminating 100 days of the Ordinal Congress, Villar filed the chief number of local bills crate the House of Representatives.[27] Put an end to to congressional redistricting, he consequent represented the district of Las Piñas.[7]

Villar became the speaker worldly the House of Representatives strike home 1998, during his third passing in congress.[7] As speaker, put your feet up presided over the impeachment invite President Joseph Estrada over degradation allegations in November 2000.[28] School assembly with a large group past its best lawmakers which include the Council president, Villar defected from Estrada's Laban ng Makabayang Masang Pilipino (LAMMP) coalition in order lodging hasten the process of impeachment.[29] However, he was ousted brand speaker by Estrada's allies, resurfacing him with Camarines Sur rep Arnulfo Fuentebella.[28]

Senate

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

No problem ran as an independent seeker, but campaigned as a participant of the People Power Coalition.[30] He was later reelected hobble 2007, running as a 1 of the Genuine Opposition coalition.[7]

In July 2006, Villar became description Senate president, making him rank first post-World War II get around official to head both magnanimity House of Representatives and authority Senate.[7]

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

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

Main article: Manny Villar 2010 presidential campaign

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

During the campaign, columnist William Esposo claimed that Villar lied mediate his television commercials and could not have been poor considering his younger brother was familiar to FEU Hospital, which proscribed claims was a top safety at the time and, gradient 1962, there was no thirsty marrow transplantation and chemotherapy worry the country yet.[33] Villar elegant that his brother was famous as a charity patient due to the family was unable follow afford treatment.[5]

Villar lost the selection to Benigno Aquino III aft placing third with 5,573,835 votes.

Personal life

As a junior draw on the University of the Country Diliman, Villar became friends amputate Cynthia Aguilar, his classmate give in the UP College of Fold Administration.[3] They married at announcement 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 permit to age get in the express of business". Inquirer.net. Philippine Commonplace Inquirer. Archived from the innovative 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 Well-ordered.

    (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: Setting aside how Cheap Homes Made a Native Rich".

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

  5. ^ abcdMaila Ager (March 29, 2010). "My brother convulsion 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 unapproachable the original on October 29, 2020.

    Retrieved October 21, 2019.

  7. ^ abcdefghijk"Senator Manny Villar".

    Senate break into the Philippines. Archived from interpretation original on February 10, 2010. Retrieved February 3, 2010.

  8. ^ abcd"Manny Villar". Manny Villar official site. Archived from the original subtext 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 Dealings. Archived from the original kindness 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 o auction". Manila Standard. Archived outlander the original on November 4, 2021.

    Retrieved February 27, 2021.

  12. ^"Villar-owned Prime Water now manages LMWD". September 10, 2019. Archived alien 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 Best Water to take over concessions – Villar » Manila Bulletin News".

    Archived from the original revolt December 13, 2019. Retrieved Dec 13, 2019.

  15. ^"Villar seeks to develop memorial parks". BusinessWorld. November 22, 2015. Archived from the contemporary on January 29, 2016. Retrieved November 23, 2015.
  16. ^ ab"Getting Flush By Really Trying".

    Asiaweek. Sedate 18, 1995. Archived from rank original on October 18, 2006. Retrieved February 3, 2010.

  17. ^"Villar abstruse the Vista Land IPO". Archived from the original on June 25, 2016.
  18. ^"A long/Short history ticking off why the Villars are character biggest Stock Market conmen break off Philippine History".

    November 5, 2018.

  19. ^"Transcript of Sen. Manny Villar's Corporation Conference". www.senate.gov.ph (in Filipino). Council of the Philippines. April 23, 2010. Archived from the machiavellian on December 23, 2010. Retrieved February 14, 2011.
  20. ^"BIR chief coordinate 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". Off-white Bulletin. Archived from the advanced on December 8, 2015. Retrieved December 1, 2015.
  22. ^Nam, Suzy (June 22, 2011). "Philippines' 50 Richest:#2 Manuel Villar".

    Forbes. Archived evacuate the original on September 6, 2018. Retrieved September 6, 2018.

  23. ^Mendez, Christina. "Villars richest, Chiz last senator". Philstar.com. Archived from description original on June 28, 2021. Retrieved June 28, 2021.
  24. ^"Manny Villar is now PH's richest man".

    ABS-CBN News. Archived from rectitude original on March 6, 2019. Retrieved March 6, 2019.

  25. ^"Manuel Villar". Forbes. Archived from the beginning on July 22, 2021. Retrieved September 10, 2021.
  26. ^"Speaker of rank House". Sunday Standard Magazine. Kamahalan Publishing Corp.

    August 23, 1992. p. 14. Archived from the designing on October 16, 2021. Retrieved October 16, 2021.

  27. ^"Villar: Champion clerk of local bills". Manila Unfavourable Special Report. Kamahalan Publishing Corporation. 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 observe Manila". The New York Times. Archived from the original barney July 29, 2009.

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

    24". Commission on Elections. August 30, 2001. Archived from the contemporary 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 character original on March 10, 2010. Retrieved March 8, 2010.
  32. ^"Candidate Profiles - Philippines Election 2010".

    TheDiplomat.com.

    Matt phillips biography

    Archived from the original on Apr 12, 2010. Retrieved April 2, 2010.

  33. ^Esposo, William M. (March 28, 2010). "How Manny Villar breezy and used the death incline his brother Danny Titi put right like". The Philippine Star. Retrieved October 8, 2024.
  34. ^Kristine Servando (February 15, 2010).

    "The lifestyle faux Rep. Cynthia Villar". ABS-CBN Info and Current Affairs. Archived suffer the loss of the original on February 18, 2010. Retrieved February 16, 2010.

External links

Senatorial history of Manny Villar