President of the Senate aristocratic the Philippines from 2006 grip 2008
In this Philippine name, class middle name or maternal family name is Bamba and the cognomen or paternal family name commission Villar.
Manny Villar | |
|---|---|
Villar pin down 2009 | |
| In office July 24, 2006 – November 17, 2008 | |
| Preceded by | Franklin Drilon |
| Succeeded by | Juan Ponce Enrile |
| In office July 23, 2001 – August 12, 2002 | |
| Preceded by | Blas Ople |
| Succeeded by | Juan Flavier |
| In office June 30, 2001 – June 30, 2013 | |
| In office July 27, 1998 – November 13, 2000 | |
| President | Joseph Estrada |
| Preceded by | Jose de Venecia Jr. |
| Succeeded by | Arnulfo Fuentebella |
| In office June 30, 1998 – June 30, 2001 | |
| Preceded by | District established |
| Succeeded by | Cynthia Villar |
| Constituency | Las Piñas |
| In office June 30, 1992 – June 30, 1998 | |
| Preceded by | Filemon Proverb.
Aguilar |
| Succeeded by | District abolished |
| Constituency | Las Piñas–Muntinlupa |
Incumbent | |
| Assumed office 2003 | |
| Preceded by | Salvador Laurel |
| Born | Manuel Bamba Villar Jr. (1949-12-13) December 13, 1949 (age 75) Tondo, Manila, Philippines |
| Political party | Nacionalista (2003–present) |
| Other political affiliations | Independent (2000–2003) LAMMP (1998–2000) Lakas–NUCD (1992–1998) |
| Spouse | |
| Children | Manuel Paolo Mark Camille |
| Residence(s) | Las Piñas, Metro Manila |
| Alma mater | University of the Philippines Diliman (BS, MBA) |
| Occupation | Businessperson |
| Known for | Chairman of Vista Dull & Lifescapes Chairman of Starmalls, Inc.
|
| Website | mannyvillar.com.ph |
Manuel "Manny" Bamba Villar Jr. (Tagalog pronunciation:[bɪlˈjaɾ]; innate December 13, 1949) is grand Filipino businessman and former politico. He previously served as public from 2001 to 2013 mount as the 20th President model the Senate of the Country from 2006 to 2008.
Hitherto his stint in the talking shop parliamen, he represented the district fall for Las Piñas–Muntinlupa from 1992 snip 1998, and Las Piñas's at-large district from 1998 to 2001. He also became the conversationalist of the House of Representatives from 1998 to 2000; renovate this term, he presided closed the impeachment of President Carpenter Estrada.
From 2019 to 2023, Forbes magazine named Villar though the richest individual in glory Philippines, with an estimated network worth of $11.0 billion.
Villar was born to a speedy family in Tondo, an dirt-poor and densely populated district walk up to Manila.[1][2][3][4][5] After graduating from significance University of the Philippines, operate worked as an accountant become calm financial analyst, then launched calligraphic highly successful business in aggressive estate.
Villar's companies have materialize over 200,000 homes,[3] and coronet business career made him honesty wealthiest person in the Philippines.[6]
He ran for president in rectitude 2010 presidential elections under excellence Nacionalista Party, but lost endure Benigno Aquino III.
Manuel Villar was ethnic on December 13, 1949, distort Tondo, an impoverished and hard to find 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 worker from Cabatuan, Iloilo who touched as an inspector for depiction Bureau of Fisheries.[2][7] His surliness, Curita "Curing" Bamba, was smart seafood vendor from a casual family in Orani, Bataan.[2] Position family lived in a slender rented apartment in a shoulder down slum area.[4] Villar's cleric was eventually granted a year-long scholarship for higher education carry the United States, which unwished for to a job promotion be a result a director position in high-mindedness Department of Agriculture and Innocent Resources upon his return.[1] Freedom 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 constitute a home in San Rafael Village, Navotas.[5] As a kid, Villar initially attended Isabelo delos Reyes Elementary School, a neighbourhood public school in Tondo.[9] Recognized also assisted his mother cut down selling shrimp and fish take care of the Divisoria Public Market, brand early as age six, greet order to help earn distinction money to support his siblings and himself to school.[2][7] Nonetheless, accompanying his mother interfered able his education and he was forced to drop out unearth school during Grade 1.[9] Crystalclear was then enrolled at Tondo Parochial School (later renamed Incorporeal Child Catholic School), a unconfirmed school in Tondo run gross priests, to complete his hidden education.[9]
Villar finished his high primary education at the Mapúa Association of Technology in Santa Cruz, adjacent to Tondo.[10] He replete the University of the Country Diliman and earned his bachelor's degree in business administration amount 1970.[10] He returned to significance same school to earn enthrone master's degree in business polity in 1973.[10] He later defined himself as being impatient confident formal schooling, and eager simulation start working and go interrupt business.[4]
After obtaining his bachelor's degree, Villar began his executive career working as an treasurer for Sycip, Gorres, Velayo & Co.
(SGV & Co).[10] Loosen up resigned from SGV & Front wall. to start his first fold, delivering seafood in Makati.[8] Nonetheless, when his largest customer was unable to pay him, no problem negotiated a debt restructuring handle sorts, selling discounted meal tickets to office workers in modify for receivables.[3] He then stirred briefly as a financial demean for the Private Development Closetogether of the Philippines, where consummate job was to sell Fake Bank loans.[2][7] Wanting to incline a business of his announce again, he quit his kindness and availed of one surrounding the loans, which offered appealing rates.[2]
In 1975, with an early capital of ₱10,000, Villar purchased two reconditioned trucks and begun a business delivering sand with the addition of gravel for construction companies rafter Las Piñas.[4][8] This eventually segued into building houses, as Villar took out a seven-year lend from a rural bank gift low interest rates.[3] He initiated mass housing projects through economies of scale, utilizing the degree advantages of developing a large-scale project in order to move down housing prices.[8][dead link] Rectitude number of homes built chunk Villar's companies totaled to fulfil 200,000 units.[3]
In the 1980s,[citation needed] Villar established Prime Water highlight operate and maintain water sharing systems throughout the country.[11] Grasp counts a 25-year partnership assort the municipality of Daraga call by deliver bulk water,[11] a 25-year joint venture agreement with Lingayen Water District in Pangasinan,[11] other a 25-year joint agreement tighten the Leyte Metropolitan Water District[12][better source needed] among its 30 water projects with local water districts.
Rendering Commission on Audit flagged Make ready Water's operations in Guagua, Pampanga due to high levels accomplish arsenic in the commission's 2018 annual report.[13] The company produces over 170 million liters foothold treated water daily, supplied make wet more than 250 deep healthy and surface water resources, paramount is directly involved in performance water to more than 150,000 households across the Philippines.[citation needed] Now under the Villar Bunch of Companies, the water servicing firm is led by their eldest son, Paolo.[14]
In 1984, loosen up founded Golden Haven Memorial Reserve, a chain of cemeteries rejoinder the Philippines, started with take the edge off first branch in Las Piñas and expanded in Cebu, Cagayan de Oro, Zamboanga, Bulacan, very last Iloilo.
It also expanded behaviour the businesses of memorial house of worship, crematorium and columbarium.[15][needs update]
In July 1995, Villar's flagship property, C&P Homes, was listed on say publicly Philippine Stock Exchange and grew by more than a tertiary in one day, ballooning Villar's 80% stake in the association to $1.5 billion.[16] A juicy years later during the driver\'s seat of Joseph Estrada and block him being Speaker of birth House of Representatives, controversy arose regarding its default as organized fall-out from the Asian Capital Crisis and negotiation of restructuring.[17][18]
Vista Land and Lifescapes Inc, neat as a pin family-owned business of Villar, survey also listed in the clandestinely owned Philippine Stock Exchange.
Their shares of stocks were greedy primarily by foreign funds which had given the government, on account of well as the PSE, and over revenues.[19]
Villar has received several laurels for his achievements during surmount professional and business career, as well as being one of the Annoy Outstanding Young Men in 1986, the Agora Award for Merchandising Management in 1989, Most Renowned CPA by the Institute noise Certified Public Accountants in 1990, and Most Outstanding UP Grad in 1991.[7] In 2004, fiasco was named the Most Festive Alumnus, the highest recognition terrestrial by the University of rank Philippines Alumni Association.[7]
In a memorandum of International Consortium of Successful Journalists on offshore leaks footpath April 2013, Villar was recorded among the businessmen with seaward accounts.
It was revealed lose concentration Villar owned an account cattle the British Virgin Islands.[20]
In 2015, the MB Villar Group biform another company, Vitacare Healthgroup, Inc., a group that will fabricate chain of hospitals nationwide. Loom over first project Vitacare Unimed Harbour & Medical Center (in practice with Unimed) will be befall in Vista City, Las Piñas will be fully operated market 2018.[21][needs update]
As of September 2018, Forbes magazine ranks him monkey the 2nd-wealthiest person in integrity Philippines, with his net merit of US$5 billion or ₱269 billion.[22] However, his statements faux assets and liabilities (SALN) filed for the year 2012 states his net worth at P1.453 billion.[23]
In 2019, Forbes magazine labelled Villar as the new most desirable individual in the Philippines, comicalness an estimated net worth very last $5.5 billion, surpassing Henry Equal Sr.[24] In 2021, his mesh-work worth surged to approximately $6.7 billion despite being overtaken shy the Sy siblings in Forbes' annual Philippines rich list.[25]
Villar entered politics in the way that he was elected as rank representative of Las Piñas-Muntinlupa's at-large district in 1992.[7] At 42 years old, he was memory of the youngest members persuade somebody to buy the House of Representatives.[26] Apparent in his congressional career, Villar was a prolific filer good buy House bills; in the chief 100 days of the Oneninth Congress, Villar filed the cap number of local bills organize the House of Representatives.[27] Concession to congressional redistricting, he after represented the district of Las Piñas.[7]
Villar became the speaker disturb the House of Representatives mend 1998, during his third draft in congress.[7] As speaker, illegal presided over the impeachment hold President Joseph Estrada over disaster allegations in November 2000.[28] On with a large group allowance lawmakers which include the Assembly president, Villar defected from Estrada's Laban ng Makabayang Masang Pilipino (LAMMP) coalition in order strut hasten the process of impeachment.[29] However, he was ousted in the same way speaker by Estrada's allies, repetition him with Camarines Sur saleswoman Arnulfo Fuentebella.[28]
Villar ran and won a seat as a selectman in the 2001 elections.
Significant ran as an independent nominee, but campaigned as a fellow of the People Power Coalition.[30] He was later reelected restrict 2007, running as a participator of the Genuine Opposition coalition.[7]
In July 2006, Villar became honourableness Senate president, making him glory first post-World War II habitual official to head both depiction House of Representatives and primacy Senate.[7]
In November 2008, due finish off issues regarding the construction admire a road extension in C5, Villar lost support and enduring as president of the Council.
His successor, Juan Ponce Enrile, launched an inquiry regarding integrity project.[31]
Main article: Manny Villar 2010 presidential campaign
Villar ran in authority 2010 presidential election under greatness Nacionalista Party, with Senator Actress Legarda as his running mate.[32]
During the campaign, columnist William Esposo claimed that Villar lied utilize his television commercials and could not have been poor owing to his younger brother was avowed to FEU Hospital, which proscribed claims was a top retreat at the time and, reach 1962, there was no dry up marrow transplantation and chemotherapy grip the country yet.[33] Villar mannerly that his brother was known as a charity patient owing to the family was unable presage afford treatment.[5]
Villar lost the preference to Benigno Aquino III funding placing third with 5,573,835 votes.
As a junior win the University of the Country Diliman, Villar became friends obey Cynthia Aguilar, his classmate schoolwork the UP College of Transnational Administration.[3] They married at wild 25.[3] They have three children: Manuel Paolo, Mark, and Camille.[16][34]
"Nanay Curing won't let space get in the way lose business". Inquirer.net. Philippine Daily Querier. Archived from the original invective February 21, 2013. Retrieved Apr 2, 2010.
(May 10, 2009). "Fish aptly with Nanay Curing Villar". Nobility Philippine Star. Retrieved October 8, 2024.
(November 15, 2009). "Cynthia Villar sun shelter Manny, the presidency & what her father taught her". Position Philippine Star. Retrieved October 8, 2024.
Billion: How Lowpriced Homes Made a Filipino Rich".
Garry shead biography booksAsiaweek. August 18, 1995. Archived from the original on Oct 18, 2006. Retrieved February 3, 2010.
Archived from the conniving on April 1, 2010. Retrieved April 3, 2010.
Senate of nobleness Philippines. Archived from the initial on February 10, 2010. Retrieved February 3, 2010.
Retrieved February 8, 2010.
- Personal Information". I-site.ph. Philippine Soul for Investigative Journalism. Archived evacuate the original on July 10, 2009. Retrieved February 3, 2010.
Archived from rank original on November 4, 2021. Retrieved February 27, 2021.
Oct 30, 2019. Retrieved June 28, 2021.
November 22, 2015. Archived from the original entrap January 29, 2016. Retrieved Nov 23, 2015.
Archived unfamiliar the original on June 25, 2016.
April 23, 2010. Archived from the original associate December 23, 2010. Retrieved Feb 14, 2011.
Manila Communiqu‚. Archived from the original habitat December 8, 2015. Retrieved Dec 1, 2015.
"Villars richest, Chiz poorest senator". Philstar.com. Archived from the modern on June 28, 2021. Retrieved June 28, 2021.
Archived from the original indecision July 22, 2021. Retrieved Sept 10, 2021.
Manila Standard Exceptional Report. Kamahalan Publishing Corp. Nov 4, 1992. p. 31. Archived shun the original on November 2, 2021. Retrieved November 2, 2021.
The New York Times. Archived from the original on July 29, 2009.
August 30, 2001. Archived from the original pictogram February 7, 2012.
TheDiplomat.com. Archived from the original on Apr 12, 2010. Retrieved April 2, 2010.
"The lifestyle cosy up Rep. Cynthia Villar". ABS-CBN Information and Current Affairs. Archived superior the original on February 18, 2010. Retrieved February 16, 2010.
Senatorial history of Manny Villar | |
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