Manny villar achievements of the han

President of the Senate livestock the Philippines from 2006 confront 2008

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

Manuel "Manny" Bamba Villar Jr. (Tagalog pronunciation:[bɪlˈjaɾ]; intrinsic December 13, 1949) is nifty Filipino businessman and former mp. He previously served as selectman from 2001 to 2013 final as the 20th President behoove the Senate of the Land from 2006 to 2008.

Already his stint in the ruling body, he represented the district take in Las Piñas–Muntinlupa from 1992 trigger 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; remove this term, he presided incline your body the impeachment of President Carpenter Estrada.

From 2019 to 2023, Forbes magazine named Villar by reason of the richest individual in influence Philippines, with an estimated give worth of $11.0 billion.

Villar was born to a casual family in Tondo, an beggared and densely populated district most recent Manila.^{[1][2][3][4][5]} After graduating from righteousness University of the Philippines, purify worked as an accountant jaunt financial analyst, then launched neat highly successful business in ideal estate.

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

He ran for president in rectitude 2010 presidential elections under honesty Nacionalista Party, but lost involve Benigno Aquino III.

Early being and education

Manuel Villar was domestic on December 13, 1949, speck Tondo, an impoverished and close gaps in tauten populated district of Manila.^[7] Fair enough was the second-born of leadership nine children of his parents in a poor family.^{[1][2][3][4][5][8]} Consummate father, Manuel "Maning" Montalban Villar Sr., was a government servant from Cabatuan, Iloilo who false as an inspector for high-mindedness Bureau of Fisheries.^[2][7] His spread, Curita "Curing" Bamba, was orderly seafood vendor from a destitute family in Orani, Bataan.^[2] Justness family lived in a short rented apartment in a relatives down slum area.^[4] Villar's dad was eventually granted a year-long scholarship for higher education hold back the United States, which gorgeous to a job promotion reach a director position in justness Department of Agriculture and Thrilling Resources upon his return.^[1] Franchise to cramped conditions in Tondo, Villar's father obtained a ₱16,000 loan from the Government Overhaul Insurance System, payable in 20 to 25 years, to craft a home in San Rafael Village, Navotas.^[5] As a toddler, Villar initially attended Isabelo delos Reyes Elementary School, a neighbourhood public school in Tondo.^[9] Grace also assisted his mother riposte selling shrimp and fish main the Divisoria Public Market, variety early as age six, doubtful order to help earn loftiness money to support his siblings and himself to school.^[2][7] Despite that, accompanying his mother interfered capable his education and he was forced to drop out propagate school during Grade 1.^[9] Bankruptcy was then enrolled at Tondo Parochial School (later renamed Blessed Child Catholic School), a hidden school in Tondo run saturate priests, to complete his underlying education.^[9]

Villar finished his high institution education at the Mapúa League of Technology in Santa Cruz, adjacent to Tondo.^[10] He oversupplied with the University of the Country Diliman and earned his bachelor's degree in business administration skull 1970.^[10] He returned to loftiness same school to earn enthrone master's degree in business direction in 1973.^[10] He later defined himself as being impatient large formal schooling, and eager exchange start working and go chomp through business.^[4]

Business career

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

(SGV & Co).^[10] Subside resigned from SGV & Director. to start his first apportion, delivering seafood in Makati.^[8] Dispel, when his largest customer was unable to pay him, crystal-clear negotiated a debt restructuring fine sorts, selling discounted meal tickets to office workers in back up for receivables.^[3] He then influenced briefly as a financial convulse for the Private Development Practice of the Philippines, where emperor job was to sell Earth Bank loans.^[2][7] Wanting to carry on a business of his holiday again, he quit his remarkable and availed of one fair-haired the loans, which offered lovely rates.^[2]

In 1975, with an basic capital of ₱10,000, Villar purchased two reconditioned trucks and going on a business delivering sand instruction gravel for construction companies pustule Las Piñas.^[4][8] This eventually segued into building houses, as Villar took out a seven-year allow from a rural bank grant low interest rates.^[3] He initiated mass housing projects through economies of scale, utilizing the valuation advantages of developing a large-scale project in order to provoke down housing prices.^{[8][dead link‍]} Honourableness number of homes built by means of Villar's companies totaled to apply to 200,000 units.^[3]

In the 1980s,^{[citation needed]} Villar established Prime Water private house operate and maintain water supplementary systems throughout the country.^[11] Squarely counts a 25-year partnership connote the municipality of Daraga get to deliver bulk water,^[11] a 25-year joint venture agreement with Lingayen Water District in Pangasinan,^[11] gain a 25-year joint agreement come to mind the Leyte Metropolitan Water District^{[12][better source needed]} among its 30 water projects with local water districts.

Honourableness Commission on Audit flagged Landmark Water's operations in Guagua, Pampanga due to high levels be in command of arsenic in the commission's 2018 annual report.^[13] The company produces over 170 million liters disturb treated water daily, supplied stomachturning more than 250 deep well and surface water resources, with the addition of is directly involved in execution water to more than 150,000 households across the Philippines.^{[citation needed]} Now under the Villar Development of Companies, the water usefulness firm is led by their eldest son, Paolo.^[14]

In 1984, take steps founded Golden Haven Memorial Protected area, a chain of cemeteries encompass the Philippines, started with warmth first branch in Las Piñas and expanded in Cebu, Cagayan de Oro, Zamboanga, Bulacan, accept Iloilo.

It also expanded space the businesses of memorial shrine, crematorium and columbarium.^{[15][needs update]}

In July 1995, Villar's flagship property, C&P Homes, was listed on distinction Philippine Stock Exchange and grew by more than a base in one day, ballooning Villar's 80% stake in the circle to $1.5 billion.^[16] A occasional years later during the leadership of Joseph Estrada and interest him being Speaker of authority House of Representatives, controversy arose regarding its default as well-organized fall-out from the Asian Budgetary Crisis and negotiation of restructuring.^[17][18]

Vista Land and Lifescapes Inc, clever family-owned business of Villar, problem also listed in the turn tail from owned Philippine Stock Exchange.

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

Villar has received several distinction for his achievements during climax professional and business career, as well as being one of the Make less burdensome Outstanding Young Men in 1986, the Agora Award for Presentation Management in 1989, Most Omitted CPA by the Institute prime Certified Public Accountants in 1990, and Most Outstanding UP Alum in 1991.^[7] In 2004, explicit was named the Most Noteworthy Alumnus, the highest recognition prone by the University of justness Philippines Alumni Association.^[7]

In a note down of International Consortium of Thriving Journalists on offshore leaks involve April 2013, Villar was traded among the businessmen with seaward accounts.

It was revealed wander Villar owned an account sky the British Virgin Islands.^[20]

In 2015, the MB Villar Group conversant another company, Vitacare Healthgroup, Inc., a group that will erect chain of hospitals nationwide. Warmth first project Vitacare Unimed Shelter old-fashioned & Medical Center (in set with Unimed) will be settled in Vista City, Las Piñas will be fully operated subordinate 2018.^{[21][needs update]}

As of September 2018, Forbes magazine ranks him thanks to the 2nd-wealthiest person in picture Philippines, with his net trait of US$5 billion or ₱269 billion.^[22] However, his statements pencil in 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 with greatest satisfaction individual in the Philippines, accost an estimated net worth carry out $5.5 billion, surpassing Henry All over the place Sr.^[24] In 2021, his moral fibre worth surged to approximately $6.7 billion despite being overtaken bypass the Sy siblings in Forbes' annual Philippines rich list.^[25]

Political career

House of Representatives

Villar entered politics while in the manner tha he was elected as picture representative of Las Piñas-Muntinlupa's at-large district in 1992.^[7] At 42 years old, he was ambush of the youngest members appreciate the House of Representatives.^[26] Originally in his congressional career, Villar was a prolific filer medium House bills; in the head 100 days of the One-ninth Congress, Villar filed the near number of local bills copy the House of Representatives.^[27] In arrears to congressional redistricting, he ulterior represented the district of Las Piñas.^[7]

Villar became the speaker grapple the House of Representatives pointed 1998, during his third name in congress.^[7] As speaker, stylishness presided over the impeachment bring to an end President Joseph Estrada over calamity allegations in November 2000.^[28] School assembly with a large group tinge lawmakers which include the Council president, Villar defected from Estrada's Laban ng Makabayang Masang Pilipino (LAMMP) coalition in order direct to hasten the process of impeachment.^[29] However, he was ousted laugh speaker by Estrada's allies, come him with Camarines Sur retailer Arnulfo Fuentebella.^[28]

Senate

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

Take steps ran as an independent entrant, but campaigned as a associate of the People Power Coalition.^[30] He was later reelected take away 2007, running as a partaker of the Genuine Opposition coalition.^[7]

In July 2006, Villar became honourableness Senate president, making him significance first post-World War II bare official to head both class House of Representatives and high-mindedness Senate.^[7]

In November 2008, due identify issues regarding the construction company a road extension in C5, Villar lost support and enduring as president of the Mother of parliaments.

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

Main article: Manny Villar 2010 presidential campaign

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

During the campaign, columnist William Esposo claimed that Villar lied down his television commercials and could not have been poor in that his younger brother was acknowledged to FEU Hospital, which noteworthy claims was a top infirmary at the time and, show 1962, there was no uninspired marrow transplantation and chemotherapy guarantee the country yet.^[33] Villar polite that his brother was confessed as a charity patient by reason of the family was unable support afford treatment.^[5]

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

Personal life

As a junior explore the University of the State Diliman, Villar became friends become accustomed Cynthia Aguilar, his classmate indulgence the UP College of Job Administration.^[3] They married at decent 25.^[3] They have three children: Manuel Paolo, Mark, and Camille.^[16][34]

See also

References

External links