How rich is Manny Villar?
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He’s once a Philippine Senator, as well as the incumbent president of the Nacionalista Party. Villar was born into a poor family in Tondo, an impoverished and densely populated district of Manila. After graduating in the University of the Philippines, he worked as an accountant and financial analyst, subsequently started an extremely successful company in real-estate. How many houses constructed by Villar’s businesses has totaled to over 200,000 components, and his company profession made him one of the nation’s most affluent men. As Speaker, he presided over the impeachment of President Joseph Estrada from the House of Representatives in 2000. He was the nominee of the Nacionalista Party in the 2010 presidential election, that was won by Benigno Aquino III.
Villar ran for Senator in the 2001 election. Having recently stepped down from Estrada’s LAMMP coalition, he ran for Senator as an independent politician, but campaigned as an associate of the People Power Coalition, the government coalition party that has been supportive of the recent 2001 EDSA Revolution. He later won reelection in 2007, running as an associate of the Genuine Opposition coalition, ranking fourth out of 37 nominees. In July 2006, Villar was selected Senate President, making him the first post-World War II public official to head the House of Representatives as well as the Senate. He’d formerly held the job of Senate President pro tempore, in addition to the chairmanship of the Committees on Finance, Foreign Relations, Public Order, and Committee on Agriculture and Fisheries. In November 2008, Villar lost the support of the Senate bulk, due to alleged fabricated accusations thrown on him by political opponents on the C5 job. Then he stepped down as President of the Senate and was succeeded by Juan Ponce Enrile who later on inquired Villar for C5 scam.