Who are the richest, poorest vice presidentiables?
This is the last of a two-part series on the finances of candidates vying for the two highest posts in the land. Click here for Part 1.
Judging by the list of companies on his Statement of Assets, Liabilities, and Net Worth (SALN), no one would immediately think that Ferdinand "Bongbong" Marcos Jr. is the richest Vice Presidentiable in the 2016 elections.
In 2014, Bongbong declared that he had a net worth of P200,598,008.22 but there were no big name firms on the SALN obtained by GMA News Research.
Bongbong's business interests include Augustus Management in Laoag City, Ilocos Norte and two Metro Manila-based firms: NIV Property Holding Co. Inc. and SASIVI Holdings, Inc.
Bongbong, as most everyone knows, is the only son of the late strongman Ferdinand Marcos, Sr., suspected of having illegally amassed US$5 billion to US$10 billion during his term as president from 1965 to 1986.
The list of Marcos assets being tracked by the Presidential Commission on Good Government include a Claud Monet painting worth US$15 million.
On his SALN, Bongbong lists an impressive collection of paintings that include a 1993 gift, national hero Jose Rizal's 1888 “Los Dos Pintores” worth P5,775,000.
Bongbong also has Jose Joya's “Ocean Gem” (1976) worth P2,887,500 but bought for only P1,200,000 in 1993.
Bongbong also mentions a gift acquired in the same year: Vicente Manansala's “Nude” (back view of a woman) worth P1,386,000.
Meanwhile, next to “Ocean Gem,” the two most expensive paintings that Bongbong bought were Lao Lianben's “Table” worth P780,000 in 2011 (now P819,000) and Vicente Manansala's “Nude” (woman on chair) worth P700,000 in 1997 (now P892,500).
Bongbong also has 17 BenCab paintings with prices ranging from P30,000 to P480,000 – the 1990 “Brush Strokes Book II” which he acquired for P120,000 in 2010 but has since quadrupled in value.
"Poor" senator
Senator Alan Peter Cayetano may be one of the “poorest” senators but with a net worth of P23,314,540, he ranks second in the group of Vice Presidentiables who are believed to be among those who will make it to the Commission on Elections' official list of candidates. The list will be announced around mid-January.
Cayetano has assets worth P28,346,574 and this includes club shares in Celebrity Sports Plaza, Calatagan Golf and Country Club, and Fuego Development Corporation.
He is also a partner at the Cayetano Sebastian Ata Dado and Cruz Law Office.
Cayetano also listed in his SALN from 2005 to 2014 a non-operating company: Lokal Books, Inc.
He also listed a non-stock, non-profit organization, the Cayetano Family Foundation, Inc. This family includes his wife, Ma. Laarni "Lani" Cayetano, incumbent mayor of Taguig City; sister and fellow senator Pilar Juliana "Pia" Cayetano; brother Lino Edgardo Cayetano, incumbent representative of the 2nd District of Taguig City; brother Rene Carl "Ren-Ren" Cayetano, former Muntinlupa City councilor; mother Sandra Schramm-Cayetano, and father Renato "Rene" L. Cayetano, who served as senator from 1998 until he passed away in 2003.
2003 is also the year that Cayetano purchased by installment the only real estate property declared in his SALN: a residential condominium unit in Batasan Hills, Quezon City.
Cayetano is one of the country's youngest politicians. At 21, he was the youngest councilor of the country during his time. At 24, he was the youngest Vice-Mayor of the municipality (now city) of Taguig. At 27, he was the youngest representative in the 11th Congress. At 37, he became the youngest chairperson of the Senate Blue Ribbon Committee.
Modern commando
Senator Gregorio “Gringo” Honasan is a former military colonel who is called a “modern commando” for having been involved in staging coups d'etat in the late 1980s against the late President Corazon Cojuangco Aquino, mother of incumbent President Benigno Simeon Aquino III.
For serving in Luzon, Visayas and Mindanao, Honasan earned medals and commendations for gallantry in action including three Distinguished Conduct Stars, Gold Cross medals and Wounded Personnel Medals sustained in combat.
Honasan has a net worth of P21,225,615.91 and no liabilities. He also declared that he has no business interest but has several residential properties including a lot in Armed Forces of the Philippines Village Officers, Inc. (AFPOVAI) which he received as an award in 1997.
He also listed other personal properties that he acquired as a soldier:
- Land Bank Savings Account-Separation Benefit and Pension: P5,382,881.35
- Armed Forces of the Philippines Savings and Loan Association, Inc. (AFPSLAI)-Capital Investment: P3,000,000
- AFPSLAI-Savings: P1,213,089.41
Honasan first became a senator in 1995 and he claims that he is the “ first truly independent candidate in Philippine political history to win in national elections.” He was reelected in 2001, 2007, and 2013.
Honasan's profile on the Senate website mentions that he is married to Jane Umali of Pagsanjan, Laguna, “a medical technologist by vocation and an interior designer by training.” The couple has five children and three grandchildren.
Robredo's widow
Maria Leonor “Leni” Gerona-Robredo is one of the five vice-presidentiables with ties to Bicol, one of the vote-richest areas in the country.
However, Leni, widow of the late Interior Secretary Jesse Robredo, says that she is the only “true blue Bicolano” among all vice president bets.
The four other vice-presidential aspirants with ties to Bicol are: Honasan, Senator Francis Joseph ‘Chiz’ Escudero, who served three terms as representative of the 1st district of Sorsogon; Senator Antonio ‘Sonny’ Trillanes IV and Sen. Alan Peter Cayetano whose wife is from Tiwi, Albay.
On her 2014 SALN, Leni, a lawyer by profession, declared assets worth P14,932,123.70, liabilities of P6,900,000 and a net worth of P8,032,123.70.
Leni declared eight real estate properties in Naga City, including an orchard lot and three agricultural lots.
As for her business interest, she says that she has been a Meralco stockholder since 1999.
Leni's husband Jesse died in a plane crash off Masbate on August 18, 2012.
Expensive wedding
Of all the vice presidentiables, Senator Chiz Escudero, one of the “poorest senators,” is the only one who is married to an actress, Love Marie P. Ongpauco a.k.a. Heart Evangelista. She is Chiz's second wife. The senator is legally separated from his first wife, Christine Elizabeth R. Flores, with whom he has fraternal twins.
Chiz has a net worth of P6,049,082.09 and no liabilities.
One of the criticisms being hurled at Chiz is his supposedly lavish wedding with Heart in February 2015. Critics say he cannot afford a wedding at the luxury resort Balesin Island Club based on his net worth.
"We shelled out a little over P2 million from our own savings. I wanted a simple wedding. Siya 'yung may gusto ng lavish. So we had to talk about it, na ito lang ang kaya at gusto ko. She wanted something way more," Escudero told Winnie Monsod on GMA News TV's “Bawal Ang Pasaway” earlier this month.
According to the couple, sponsors mostly paid for the Balesin venue, while GMA Network shouldered the costs for the Manila reception of the wedding.
"I live simply and I'm not ostentatious at all. We didn't display it. In fact, it was not even televised or covered. We wanted it to be private. That's why there had to be a Manila reception that GMA asked for para may mai-air sila na snippets of our wedding," said Escudero.
Chiz, a University of the Philippines College of Law graduate, declared being a partner at the Escudero Marasigan Vallente and E. H. Villareal Law Office.
He also declared having real estate properties in Quezon City and Sorsogon City, where he served as congressman for many years. He has only one agricultural lot in Sorsogon while the rest are residential lots.
Chiz is the son of two politicians – Dr. Evelina B. Guevara-Escudero and the late Salvador Hatoc Escudero III who died in 2012. Evelina was a teacher at OB Montessori, San Juan City and also the UP College of Home Economics.
Another soldier
Like Honasan, Senator Antonio Trillanes is a soldier-turned-senator.
Trillanes took up Electronics and Communications Engineering at De La Salle University and also Naval Systems Engineering at the Philippine Military Academy.
Before becoming senator, Trillanes was a Philippine Navy officer. He was one of the leaders of some 300 junior officers and enlisted men who took over the Oakwood Premier Hotel in Makati City in 2003 as they protested alleged corruption in the military and asked for the resignation of then President Gloria Macapagal-Arroyo and other officials.
In his 2014 SALN, Trillanes declared assets worth P13,459,000, liabilities of P7,910,000 for a net worth of P5,549,000.
His liabilities include two housing loans, two car loans, and one personal loan.
His wife Arlene O. Trillanes is also an officer of the Armed Forces of the Philippines. They have three children including one who died of an illness while he was just 21 days old. —JST, GMA News
Note: All figures are based on SALNs obtained by GMA News Research. The numbers shown are those declared on SALNs. Some figures do not add up.