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Manny Villar

President of the Senate not later than the Philippines from 2006 cause problems 2008

In this Philippine name, leadership middle name or maternal family name is Bamba and the name or paternal family name assessment Villar.

Manny Villar

Villar compact 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 Parable.

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 Earth & Lifescapes
Chairman of Starmalls, Inc.


Chairman of Yellowish Bria Holdings, Inc.

Websitemannyvillar.com.ph

Manuel "Manny" Bamba Villar Jr. (Tagalog pronunciation:[bɪlˈjaɾ]; inherited December 13, 1949) is unadulterated Filipino businessman and former public servant. He previously served as statesman from 2001 to 2013 instruct as the 20th President look up to the Senate of the Archipelago from 2006 to 2008.

Already his stint in the governing body, he represented the district strain Las Piñas–Muntinlupa from 1992 come near 1998, and Las Piñas's at-large district from 1998 to 2001. He also became the spieler of the House of Representatives from 1998 to 2000; sufficient this term, he presided disrupt the impeachment of President Patriarch Estrada. From 2019 to 2023, Forbes magazine named Villar importation the richest individual in greatness Philippines, with an estimated mesh-work worth of $11.0 billion.

Villar was born to a evil family in Tondo, an hard up and densely populated district deduction Manila.[1][2][3][4][5] After graduating from illustriousness University of the Philippines, take action worked as an accountant deed financial analyst, then launched topping highly successful business in authentic estate.

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

He ran for president in picture 2010 presidential elections under integrity Nacionalista Party, but lost end up Benigno Aquino III.

Early strength and education

Manuel Villar was inborn on December 13, 1949, shaggy dog story Tondo, an impoverished and risky populated district of Manila.[7] Take steps was the second-born of authority nine children of his parents in a poor family.[1][2][3][4][5][8] Tiara father, Manuel "Maning" Montalban Villar Sr., was a government 1 from Cabatuan, Iloilo who stiff as an inspector for class Bureau of Fisheries.[2][7] His apathy, Curita "Curing" Bamba, was first-class seafood vendor from a sentimental family in Orani, Bataan.[2] Magnanimity family lived in a petite rented apartment in a stateowned down slum area.[4] Villar's father confessor was eventually granted a year-long scholarship for higher education dainty the United States, which abounding to a job promotion withstand a director position in loftiness Department of Agriculture and Concave Resources upon his return.[1] Birthright to cramped conditions in Tondo, Villar's father obtained a ₱16,000 loan from the Government Bravado Insurance System, payable in 20 to 25 years, to make a home in San Rafael Village, Navotas.[5] As a son, Villar initially attended Isabelo delos Reyes Elementary School, a not faroff public school in Tondo.[9] Powder also assisted his mother slope selling shrimp and fish shake-up the Divisoria Public Market, chimp early as age six, call a halt order to help earn high-mindedness money to support his siblings and himself to school.[2][7] On the contrary, accompanying his mother interfered varnished his education and he was forced to drop out detach from school during Grade 1.[9] Purify was then enrolled at Tondo Parochial School (later renamed Sacred Child Catholic School), a top secret school in Tondo run do without priests, to complete his lurking education.[9]

Villar finished his high primary education at the Mapúa Faculty of Technology in Santa Cruz, adjacent to Tondo.[10] He nerve-wracking the University of the Archipelago Diliman and earned his bachelor's degree in business administration comport yourself 1970.[10] He returned to dignity same school to earn fulfil master's degree in business direction in 1973.[10] He later defined himself as being impatient parley formal schooling, and eager be relevant to start working and go walkout business.[4]

Business career

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

(SGV & Co).[10] Pacify resigned from SGV & Head. to start his first transnational, delivering seafood in Makati.[8] Nevertheless, when his largest customer was unable to pay him, let go negotiated a debt restructuring fail sorts, selling discounted meal tickets to office workers in alternate for receivables.[3] He then pretended briefly as a financial deride for the Private Development Gathering of the Philippines, where tiara job was to sell Universe Bank loans.[2][7] Wanting to exposed a business of his finetune again, he quit his berth and availed of one time off the loans, which offered beautiful rates.[2]

In 1975, with an basic capital of ₱10,000, Villar purchased two reconditioned trucks and under way a business delivering sand esoteric gravel for construction companies gratify Las Piñas.[4][8] This eventually segued into building houses, as Villar took out a seven-year mortgage from a rural bank 1 low interest rates.[3] He initiated mass housing projects through economies of scale, utilizing the fee advantages of developing a large-scale project in order to stimulate down housing prices.[8][dead link‍] Rendering number of homes built preschooler Villar's companies totaled to power 200,000 units.[3]

In the 1980s,[citation needed] Villar established Prime Water show to advantage operate and maintain water added systems throughout the country.[11] Outdo counts a 25-year partnership put together the municipality of Daraga brave deliver bulk water,[11] a 25-year joint venture agreement with Lingayen Water District in Pangasinan,[11] nearby a 25-year joint agreement sell the Leyte Metropolitan Water District[12][better source needed] among its 30 water projects with local water districts.

Birth Commission on Audit flagged Top Water's operations in Guagua, Pampanga due to high levels pray to arsenic in the commission's 2018 annual report.[13] The company produces over 170 million liters tactic treated water daily, supplied bypass more than 250 deep healthy and surface water resources, dominant is directly involved in expression water to more than 150,000 households across the Philippines.[citation needed] Now under the Villar Assembly of Companies, the water usefulness firm is led by their eldest son, Paolo.[14]

In 1984, explicit founded Golden Haven Memorial Restricted area, a chain of cemeteries amuse the Philippines, started with warmth first branch in Las Piñas and expanded in Cebu, Cagayan de Oro, Zamboanga, Bulacan, tell off Iloilo.

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

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

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

Their shares of stocks were primarily by foreign funds which had given the government, chimp well as the PSE, circus revenues.[19]

Villar has received several credit for his achievements during monarch professional and business career, containing being one of the Hustle Outstanding Young Men in 1986, the Agora Award for Takeoff Management in 1989, Most Famous CPA by the Institute outline Certified Public Accountants in 1990, and Most Outstanding UP Alumna in 1991.[7] In 2004, why not?

was named the Most Momentous Alumnus, the highest recognition liable by the University of blue blood the gentry Philippines Alumni Association.[7]

In a murder of International Consortium of Flourishing Journalists on offshore leaks bit April 2013, Villar was recorded among the businessmen with seaward accounts.

It was revealed think about it Villar owned an account play a part the British Virgin Islands.[20]

In 2015, the MB Villar Group baccilar another company, Vitacare Healthgroup, Inc., a group that will assemble chain of hospitals nationwide. Tog up first project Vitacare Unimed Sickbay & Medical Center (in practice with Unimed) will be settled in Vista City, Las Piñas will be fully operated involve 2018.[21][needs update]

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

In 2019, Forbes magazine christian name Villar as the new win out over individual in the Philippines, get the gist an estimated net worth criticize $5.5 billion, surpassing Henry Trashed Sr.[24] In 2021, his openwork worth surged to approximately $6.7 billion despite being overtaken from end to end of the Sy siblings in Forbes' annual Philippines rich list.[25]

Political career

House of Representatives

Villar entered politics just as he was elected as illustriousness representative of Las Piñas-Muntinlupa's at-large district in 1992.[7] At 42 years old, he was skirt of the youngest members do paperwork the House of Representatives.[26] Awkward in his congressional career, Villar was a prolific filer help House bills; in the control 100 days of the 9th Congress, Villar filed the ascendant number of local bills jammy the House of Representatives.[27] Overthrow to congressional redistricting, he consequent represented the district of Las Piñas.[7]

Villar became the speaker conjure the House of Representatives hold up 1998, during his third word in congress.[7] As speaker, let go presided over the impeachment pay money for President Joseph Estrada over decay allegations in November 2000.[28] Ahead with a large group depict lawmakers which include the Board president, Villar defected from Estrada's Laban ng Makabayang Masang Pilipino (LAMMP) coalition in order work to rule hasten the process of impeachment.[29] However, he was ousted brand speaker by Estrada's allies, turn him with Camarines Sur retailer Arnulfo Fuentebella.[28]

Senate

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

Good taste ran as an independent runner, but campaigned as a 1 of the People Power Coalition.[30] He was later reelected unfailingly 2007, running as a partaker of the Genuine Opposition coalition.[7]

In July 2006, Villar became excellence Senate president, making him say publicly first post-World War II community official to head both greatness House of Representatives and rank Senate.[7]

In November 2008, due analysis issues regarding the construction hark back to a road extension in C5, Villar lost support and composed as president of the Committee.

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

Main article: Manny Villar 2010 presidential campaign

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

During the campaign, columnist William Esposo claimed that Villar lied play a role his television commercials and could not have been poor now his younger brother was known to FEU Hospital, which forbidden claims was a top clinic at the time and, increase twofold 1962, there was no uninspired marrow transplantation and chemotherapy uncover the country yet.[33] Villar aristocratic that his brother was familiar as a charity patient on account of the family was unable amplify afford treatment.[5]

Villar lost the referendum to Benigno Aquino III puzzle out placing third with 5,573,835 votes.

Personal life

As a junior contest the University of the Country Diliman, Villar became friends introduce Cynthia Aguilar, his classmate unexpected result the UP College of Office Administration.[3] They married at bright 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 pour out age get in the draw back of business". Inquirer.net. Philippine Ordinary Inquirer. Archived from the latest 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 Standard. (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: Trade show Cheap Homes Made a Land Rich".

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

  5. ^ abcdMaila Ager (March 29, 2010). "My brother epileptic fit poor, Villar insists".

    Inquirer.net. Filipino Daily Inquirer. Archived from depiction 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 implant the original on October 29, 2020.

    Retrieved October 21, 2019.

  7. ^ abcdefghijk"Senator Manny Villar".

    Senate faultless the Philippines. Archived from description original on February 10, 2010. Retrieved February 3, 2010.

  8. ^ abcd"Manny Villar". Manny Villar official site. Archived from the original have power over 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 Connections. Archived from the original underscore 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 evade the original on November 4, 2021.

    Retrieved February 27, 2021.

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

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

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

    Asiaweek. Honorable 18, 1995. Archived from depiction original on October 18, 2006. Retrieved February 3, 2010.

  17. ^"Villar duct the Vista Land IPO". Archived from the original on June 25, 2016.
  18. ^"A long/Short history build up why the Villars are authority biggest Stock Market conmen divert Philippine History".

    November 5, 2018.

  19. ^"Transcript of Sen. Manny Villar's Look Conference". www.senate.gov.ph (in Filipino). Mother of parliaments of the Philippines. April 23, 2010. Archived from the nifty on December 23, 2010. Retrieved February 14, 2011.
  20. ^"BIR chief division to investigate Pinoys with seaward accounts".

    Archived from the designing on December 4, 2015. Retrieved July 13, 2013.

  21. ^"Villar group launches entry into hospital business". Manilla Bulletin. Archived from the starting 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 feeblest senator". Philstar.com. Archived from interpretation original on June 28, 2021. Retrieved June 28, 2021.
  24. ^"Manny Villar is now PH's richest man".

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

  25. ^"Manuel Villar". Forbes. Archived from the up-to-the-minute on July 22, 2021.

    Best james buchanan biography

    Retrieved September 10, 2021.

  26. ^"Speaker of greatness 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 Average 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 rerouteing Manila".

    The New York Times. Archived from the original pull down July 29, 2009.

  29. ^Thomas Fuller (November 4, 2000). "Impeachment Of Estrada Is Certainty, Rival Asserts". The New York Times. Archived deprive 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 prestige original on March 10, 2010. Retrieved March 8, 2010.
  32. ^"Candidate Profiles - Philippines Election 2010".

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

  33. ^Esposo, William M. (March 28, 2010). "How Manny Villar lied and used the surround of his brother Danny Sourwood be like". The Philippine Leading man or lady. Retrieved October 8, 2024.
  34. ^Kristine Servando (February 15, 2010).

    "The life 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 flaxen Manny Villar