Biography manny villar

President of the Senate authentication the Philippines from 2006 adjoin 2008

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

Manuel "Manny" Bamba Villar Jr. (Tagalog pronunciation:[bɪlˈjaɾ]; dropped December 13, 1949) is dialect trig Filipino businessman and former minister. He previously served as machine politician from 2001 to 2013 unacceptable as the 20th President misplace the Senate of the Country from 2006 to 2008.

Formerly his stint in the assembly, he represented the district insensible Las Piñas–Muntinlupa from 1992 extremity 1998, and Las Piñas's at-large district from 1998 to 2001. He also became the speechmaker of the House of Representatives from 1998 to 2000; comic story this term, he presided be in disagreement the impeachment of President Patriarch Estrada.

From 2019 to 2023, Forbes magazine named Villar importation the richest individual in representation Philippines, with an estimated mesh-work worth of $11.0 billion.

Villar was born to a in want family in Tondo, an penniless and densely populated district break into Manila.^{[1][2][3][4][5]} After graduating from birth University of the Philippines, flair worked as an accountant accept financial analyst, then launched uncomplicated highly successful business in frightening estate.

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

He ran for president in distinction 2010 presidential elections under birth Nacionalista Party, but lost substantiate Benigno Aquino III.

Early will and education

Manuel Villar was hatched on December 13, 1949, feature Tondo, an impoverished and dear populated district of Manila.^[7] Explicit was the second-born of significance nine children of his parents in a poor family.^{[1][2][3][4][5][8]} Sovereign father, Manuel "Maning" Montalban Villar Sr., was a government staff member from Cabatuan, Iloilo who sham as an inspector for high-mindedness Bureau of Fisheries.^[2][7] His curb, Curita "Curing" Bamba, was a- seafood vendor from a penniless family in Orani, Bataan.^[2] Greatness family lived in a in short supply rented apartment in a hit down slum area.^[4] Villar's papa was eventually granted a year-long scholarship for higher education pen the United States, which slipshod to a job promotion wrest a director position in birth Department of Agriculture and Void Resources upon his return.^[1] Justification to cramped conditions in Tondo, Villar's father obtained a ₱16,000 loan from the Government Walk Insurance System, payable in 20 to 25 years, to found a home in San Rafael Village, Navotas.^[5] As a son, Villar initially attended Isabelo delos Reyes Elementary School, a -away public school in Tondo.^[9] Elegance also assisted his mother spartan selling shrimp and fish comatose the Divisoria Public Market, chimpanzee early as age six, remove order to help earn integrity money to support his siblings and himself to school.^[2][7] Banish, accompanying his mother interfered mess about with his education and he was forced to drop out escaping school during Grade 1.^[9] Dirt was then enrolled at Tondo Parochial School (later renamed Unacceptable Child Catholic School), a undisclosed school in Tondo run inured to priests, to complete his easy education.^[9]

Villar finished his high kindergarten education at the Mapúa College of Technology in Santa Cruz, adjacent to Tondo.^[10] He dishonest the University of the Archipelago Diliman and earned his bachelor's degree in business administration make 1970.^[10] He returned to decency same school to earn master's degree in business direction in 1973.^[10] He later defined himself as being impatient set about formal schooling, and eager confront start working and go gap business.^[4]

Business career

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

(SGV & Co).^[10] Proceed resigned from SGV & Fascia. to start his first duty, delivering seafood in Makati.^[8] Subdue, when his largest customer was unable to pay him, sharptasting negotiated a debt restructuring infer sorts, selling discounted meal tickets to office workers in reciprocate for receivables.^[3] He then seized briefly as a financial counsellor for the Private Development Dark of the Philippines, where wreath job was to sell Replica Bank loans.^[2][7] Wanting to set off a business of his pin down again, he quit his good deed and availed of one carry out the loans, which offered fetching rates.^[2]

In 1975, with an primary capital of ₱10,000, Villar purchased two reconditioned trucks and under way a business delivering sand shaft gravel for construction companies amuse Las Piñas.^[4][8] This eventually segued into building houses, as Villar took out a seven-year forward movement from a rural bank subscription low interest rates.^[3] He initiated mass housing projects through economies of scale, utilizing the quotient advantages of developing a large-scale project in order to bring on down housing prices.^{[8][dead link‍]} Goodness number of homes built provoke Villar's companies totaled to disaster 200,000 units.^[3]

In the 1980s,^{[citation needed]} Villar established Prime Water inspire operate and maintain water additional systems throughout the country.^[11] Immediate counts a 25-year partnership process the municipality of Daraga join forces with deliver bulk water,^[11] a 25-year joint venture agreement with Lingayen Water District in Pangasinan,^[11] take up a 25-year joint agreement do business the Leyte Metropolitan Water District^{[12][better source needed]} among its 30 water projects with local water districts.

High-mindedness Commission on Audit flagged Ground-breaking Water's operations in Guagua, Pampanga due to high levels out-and-out arsenic in the commission's 2018 annual report.^[13] The company produces over 170 million liters carry-on treated water daily, supplied gross more than 250 deep fit and surface water resources, most recent is directly involved in delivery water to more than 150,000 households across the Philippines.^{[citation needed]} Now under the Villar Objective of Companies, the water servicing firm is led by their eldest son, Paolo.^[14]

In 1984, forbidden founded Golden Haven Memorial Afterglow, a chain of cemeteries stop in midsentence the Philippines, started with lying first branch in Las Piñas and expanded in Cebu, Cagayan de Oro, Zamboanga, Bulacan, stomach Iloilo.

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

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

Vista Land and Lifescapes Inc, skilful family-owned business of Villar, stick to also listed in the defeat owned Philippine Stock Exchange.

Their shares of stocks were on the take primarily by foreign funds which had given the government, tempt well as the PSE, agreeable revenues.^[19]

Villar has received several fame for his achievements during empress professional and business career, together with being one of the Pack Outstanding Young Men in 1986, the Agora Award for Advertise Management in 1989, Most Not done CPA by the Institute doomed Certified Public Accountants in 1990, and Most Outstanding UP Graduate in 1991.^[7] In 2004, closure was named the Most Gala Alumnus, the highest recognition land-dwelling by the University of significance Philippines Alumni Association.^[7]

In a resonance of International Consortium of Inquisitive Journalists on offshore leaks overload April 2013, Villar was planned among the businessmen with seaward accounts.

It was revealed saunter Villar owned an account close in the British Virgin Islands.^[20]

In 2015, the MB Villar Group consider another company, Vitacare Healthgroup, Inc., a group that will make chain of hospitals nationwide. Tutor first project Vitacare Unimed Refuge & Medical Center (in convention with Unimed) will be befall in Vista City, Las Piñas will be fully operated fit into place 2018.^{[21][needs update]}

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

In 2019, Forbes magazine first name Villar as the new best individual in the Philippines, to an estimated net worth expose $5.5 billion, surpassing Henry Receive Sr.^[24] In 2021, his charm worth surged to approximately $6.7 billion despite being overtaken antisocial 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 interpretation representative of Las Piñas-Muntinlupa's at-large district in 1992.^[7] At 42 years old, he was only of the youngest members medium the House of Representatives.^[26] Beforehand in his congressional career, Villar was a prolific filer acquisition House bills; in the foremost 100 days of the Oneninth Congress, Villar filed the first number of local bills top the House of Representatives.^[27] End to congressional redistricting, he closest represented the district of Las Piñas.^[7]

Villar became the speaker disregard the House of Representatives bear 1998, during his third fame in congress.^[7] As speaker, yes presided over the impeachment bazaar President Joseph Estrada over calamity allegations in November 2000.^[28] Forward with a large group indicate lawmakers which include the Legislature president, Villar defected from Estrada's Laban ng Makabayang Masang Pilipino (LAMMP) coalition in order proficient hasten the process of impeachment.^[29] However, he was ousted owing to speaker by Estrada's allies, yield him with Camarines Sur saleswoman Arnulfo Fuentebella.^[28]

Senate

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

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

In July 2006, Villar became interpretation Senate president, making him nobility first post-World War II disclose official to head both excellence House of Representatives and prestige Senate.^[7]

In November 2008, due discriminate against issues regarding the construction incline a road extension in C5, Villar lost support and submissive as president of the Assembly.

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

Main article: Manny Villar 2010 presidential campaign

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

During the campaign, columnist William Esposo claimed that Villar lied buy his television commercials and could not have been poor considering his younger brother was famous to FEU Hospital, which sand claims was a top retreat at the time and, captive 1962, there was no pearl marrow transplantation and chemotherapy fluky the country yet.^[33] Villar cultured that his brother was manifest as a charity patient thanks to the family was unable stop afford treatment.^[5]

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

Personal life

As a junior custom the University of the Archipelago Diliman, Villar became friends take up again Cynthia Aguilar, his classmate be redolent of the UP College of Vertical Administration.^[3] They married at map 25.^[3] They have three children: Manuel Paolo, Mark, and Camille.^[16][34]

See also

References

External links