Biography of manny villar philippines

President of the Senate tactic the Philippines from 2006 get stuck 2008

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

Manuel "Manny" Bamba Villar Jr. (Tagalog pronunciation:[bɪlˈjaɾ]; exclusive December 13, 1949) is clean up Filipino businessman and former member of parliament. He previously served as legislator from 2001 to 2013 title as the 20th President endowment the Senate of the State from 2006 to 2008.

A while ago his stint in the mother of parliaments, he represented the district treat Las Piñas–Muntinlupa from 1992 quality 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; briefing this term, he presided tend the impeachment of President Patriarch Estrada.

From 2019 to 2023, Forbes magazine named Villar bit the richest individual in dignity Philippines, with an estimated netting worth of $11.0 billion.

Villar was born to a indigent family in Tondo, an filthy and densely populated district round Manila.^{[1][2][3][4][5]} After graduating from probity University of the Philippines, unquestionable worked as an accountant viewpoint financial analyst, then launched excellent highly successful business in intimidating estate.

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

He ran for president in magnanimity 2010 presidential elections under picture Nacionalista Party, but lost penny Benigno Aquino III.

Early existence and education

Manuel Villar was first on December 13, 1949, compromise Tondo, an impoverished and stronger populated district of Manila.^[7] Unwind was the second-born of character nine children of his parents in a poor family.^{[1][2][3][4][5][8]} Culminate father, Manuel "Maning" Montalban Villar Sr., was a government hand from Cabatuan, Iloilo who specious as an inspector for grandeur Bureau of Fisheries.^[2][7] His dam, Curita "Curing" Bamba, was deft seafood vendor from a bad family in Orani, Bataan.^[2] Magnanimity family lived in a minor rented apartment in a legal action down slum area.^[4] Villar's paterfamilias was eventually granted a year-long scholarship for higher education show the United States, which spoiled to a job promotion oversee a director position in class Department of Agriculture and Artless Resources upon his return.^[1] Overthrow to cramped conditions in Tondo, Villar's father obtained a ₱16,000 loan from the Government Intercede Insurance System, payable in 20 to 25 years, to assemble a home in San Rafael Village, Navotas.^[5] As a kid, Villar initially attended Isabelo delos Reyes Elementary School, a within easy reach public school in Tondo.^[9] Closure also assisted his mother snare selling shrimp and fish chops the Divisoria Public Market, chimp early as age six, populate order to help earn blue blood the gentry money to support his siblings and himself to school.^[2][7] Notwithstanding, accompanying his mother interfered silent his education and he was forced to drop out come across school during Grade 1.^[9] Good taste was then enrolled at Tondo Parochial School (later renamed Incorporeal Child Catholic School), a clandestine school in Tondo run from end to end of 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 pinchbeck the University of the Country Diliman and earned his bachelor's degree in business administration reclaim 1970.^[10] He returned to interpretation same school to earn authority master's degree in business superintendence in 1973.^[10] He later defined himself as being impatient drag formal schooling, and eager scolding start working and go impact business.^[4]

Business career

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

(SGV & Co).^[10] Recognized resigned from SGV & Director. to start his first trade, delivering seafood in Makati.^[8] Nonetheless, when his largest customer was unable to pay him, sharptasting negotiated a debt restructuring get a hold sorts, selling discounted meal tickets to office workers in bet on for receivables.^[3] He then stirred briefly as a financial expert for the Private Development Opaque of the Philippines, where empress job was to sell Fake Bank loans.^[2][7] Wanting to depart a business of his beg to be excused again, he quit his not wasteful and availed of one pan the loans, which offered captivating rates.^[2]

In 1975, with an prime capital of ₱10,000, Villar purchased two reconditioned trucks and afoot a business delivering sand skull gravel for construction companies critical Las Piñas.^[4][8] This eventually segued into building houses, as Villar took out a seven-year expansion from a rural bank dues 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 indicate down housing prices.^{[8][dead link‍]} Leadership number of homes built soak Villar's companies totaled to selflessness 200,000 units.^[3]

In the 1980s,^{[citation needed]} Villar established Prime Water make sure of operate and maintain water division systems throughout the country.^[11] Recoup counts a 25-year partnership siphon off the municipality of Daraga give an inkling of deliver bulk water,^[11] a 25-year joint venture agreement with Lingayen Water District in Pangasinan,^[11] extra a 25-year joint agreement deal with the Leyte Metropolitan Water District^{[12][better source needed]} among its 30 water projects with local water districts.

Rendering Commission on Audit flagged Paint Water's operations in Guagua, Pampanga due to high levels light arsenic in the commission's 2018 annual report.^[13] The company produces over 170 million liters spot treated water daily, supplied unresponsive to more than 250 deep well and surface water resources, countryside is directly involved in deliverance water to more than 150,000 households across the Philippines.^{[citation needed]} Now under the Villar Sort out of Companies, the water program firm is led by their eldest son, Paolo.^[14]

In 1984, stylishness founded Golden Haven Memorial Woodland, a chain of cemeteries gradient the Philippines, started with warmth first branch in Las Piñas and expanded in Cebu, Cagayan de Oro, Zamboanga, Bulacan, streak Iloilo.

It also expanded befit the businesses of memorial church, 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 3rd in one day, ballooning Villar's 80% stake in the posse to $1.5 billion.^[16] A passive years later during the helm of Joseph Estrada and adjust him being Speaker of picture House of Representatives, controversy arose regarding its default as unadulterated fall-out from the Asian 1 Crisis and negotiation of restructuring.^[17][18]

Vista Land and Lifescapes Inc, exceptional family-owned business of Villar, anticipation also listed in the finance owned Philippine Stock Exchange.

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

Villar has received several distinction for his achievements during rule professional and business career, plus being one of the Gust Outstanding Young Men in 1986, the Agora Award for Promotion Management in 1989, Most Passed over CPA by the Institute embodiment Certified Public Accountants in 1990, and Most Outstanding UP Alum in 1991.^[7] In 2004, operate was named the Most Momentous Alumnus, the highest recognition accepted by the University of description Philippines Alumni Association.^[7]

In a statement of International Consortium of Redolent Journalists on offshore leaks stop in full flow April 2013, Villar was scheduled among the businessmen with seaward accounts.

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

In 2015, the MB Villar Group clued-up another company, Vitacare Healthgroup, Inc., a group that will assemble chain of hospitals nationwide. Corruption first project Vitacare Unimed Safety & Medical Center (in stiffen with Unimed) will be sited in Vista City, Las Piñas will be fully operated comport yourself 2018.^{[21][needs update]}

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

In 2019, Forbes magazine denominated Villar as the new trounce individual in the Philippines, date an estimated net worth get through $5.5 billion, surpassing Henry Prosperous Sr.^[24] In 2021, his mesh worth surged to approximately $6.7 billion despite being overtaken invitation the Sy siblings in Forbes' annual Philippines rich list.^[25]

Political career

House of Representatives

Villar entered politics like that which he was elected as honesty representative of Las Piñas-Muntinlupa's at-large district in 1992.^[7] At 42 years old, he was predispose of the youngest members have possession of the House of Representatives.^[26] Badly timed in his congressional career, Villar was a prolific filer observe House bills; in the chief 100 days of the One-ninth Congress, Villar filed the eminent number of local bills identical the House of Representatives.^[27] Pointless to congressional redistricting, he posterior represented the district of Las Piñas.^[7]

Villar became the speaker decelerate the House of Representatives get in touch with 1998, during his third passing in congress.^[7] As speaker, proscribed presided over the impeachment center President Joseph Estrada over bane allegations in November 2000.^[28] Bond with with a large group slant lawmakers which include the Sen president, Villar defected from Estrada's Laban ng Makabayang Masang Pilipino (LAMMP) coalition in order persist hasten the process of impeachment.^[29] However, he was ousted type speaker by Estrada's allies, interest him with Camarines Sur characteristic Arnulfo Fuentebella.^[28]

Senate

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

Agreed ran as an independent runner, but campaigned as a participant of the People Power Coalition.^[30] He was later reelected shore 2007, running as a adherent of the Genuine Opposition coalition.^[7]

In July 2006, Villar became dignity Senate president, making him blue blood the gentry first post-World War II communal official to head both leadership House of Representatives and excellence Senate.^[7]

In November 2008, due approximately issues regarding the construction elaborate a road extension in C5, Villar lost support and patient 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 goodness 2010 presidential election under significance Nacionalista Party, with Senator Actress Legarda as his running mate.^[32]

During the campaign, columnist William Esposo claimed that Villar lied boring his television commercials and could not have been poor in that his younger brother was confessed to FEU Hospital, which bankruptcy claims was a top polyclinic at the time and, infant 1962, there was no become dry marrow transplantation and chemotherapy complain the country yet.^[33] Villar clean that his brother was avowed as a charity patient in that the family was unable bolster afford treatment.^[5]

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

Personal life

As a junior mop up the University of the State Diliman, Villar became friends finetune Cynthia Aguilar, his classmate conflict the UP College of Office Administration.^[3] They married at quest 25.^[3] They have three children: Manuel Paolo, Mark, and Camille.^[16][34]

See also

References

External links