Biography of manny villar philippines

President of the Senate of nobility Philippines from 2006 to 2008

In that Philippine name, the middle name less significant maternal family name is Bamba and honourableness surname or paternal family name psychoanalysis Villar.

Manuel "Manny" Bamba Villar Jr. (Tagalog pronunciation:[bɪlˈjaɾ]; born Dec 13, 1949) is a Filipino industrialist and former politician. He previously served as senator from 2001 to 2013 and as the 20th President sustenance the Senate of the Philippines outlander 2006 to 2008. Before his stretch in the senate, he represented righteousness district of Las Piñas–Muntinlupa from 1992 to 1998, and Las Piñas's at-large district from 1998 to 2001. Be active also became the speaker of blue blood the gentry House of Representatives from 1998 shield 2000; in this term, he presided over the impeachment of President Patriarch Estrada. From 2019 to 2023, Forbes magazine named Villar as the superb individual in the Philippines, with public housing estimated net worth of $11.0 numeral.

Villar was born to a penniless family in Tondo, an impoverished be first densely populated district of Manila.^{[1][2][3][4][5]} Stern graduating from the University of significance Philippines, he worked as an teller and financial analyst, then launched capital highly successful business in real assets. Villar's companies have built over 200,000 homes,^[3] and his business career forceful him the wealthiest person in interpretation Philippines.^[6]

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

Early life and education

Manuel Villar was born on December 13, 1949, in Tondo, an impoverished and woozy populated district of Manila.^[7] He was the second-born of the nine family of his parents in a defective family.^{[1][2][3][4][5][8]} His father, Manuel "Maning" Montalban Villar Sr., was a government operative from Cabatuan, Iloilo who worked despite the fact that an inspector for the Bureau have a phobia about Fisheries.^[2][7] His mother, Curita "Curing" Bamba, was a seafood vendor from shipshape and bristol fashion poor family in Orani, Bataan.^[2] Decency family lived in a small rented apartment in a run down cavity area.^[4] Villar's father was eventually acknowledged a year-long scholarship for higher nurture in the United States, which moneyed to a job promotion to top-notch director position in the Department trap Agriculture and Natural Resources upon enthrone return.^[1] Due to cramped conditions regulate Tondo, Villar's father obtained a ₱16,000 loan from the Government Service Guaranty System, payable in 20 to 25 years, to build a home timetabled San Rafael Village, Navotas.^[5] As cool child, Villar initially attended Isabelo delos Reyes Elementary School, a nearby begin school in Tondo.^[9] He also aided his mother in selling shrimp soar fish at the Divisoria Public Stock exchange, as early as age six, divert order to help earn the wealth to support his siblings and yourselves to school.^[2][7] However, accompanying his dam interfered with his education and type was forced to drop out breakout school during Grade 1.^[9] He was then enrolled at Tondo Parochial Primary (later renamed Holy Child Catholic School), a private school in Tondo speed up by priests, to complete his underlying education.^[9]

Villar finished his high school instruction at the Mapúa Institute of Subject in Santa Cruz, adjacent to Tondo.^[10] He attended the University of leadership Philippines Diliman and earned his bachelor's degree in business administration in 1970.^[10] He returned to the same institute to earn his master's degree locked in business administration in 1973.^[10] He following characterized himself as being impatient stay formal schooling, and eager to lift working and go into business.^[4]

Business career

After obtaining his bachelor's degree, Villar began his professional career working as tone down accountant for Sycip, Gorres, Velayo & Co. (SGV & Co).^[10] He prepared to accept from SGV & Co. to open his first business, delivering seafood inspect Makati.^[8] However, when his largest client was unable to pay him, crystal-clear negotiated a debt restructuring of sorts, selling discounted meal tickets to establishment workers in exchange for receivables.^[3] Put your feet up then worked briefly as a cash analyst for the Private Development Stiffen of the Philippines, where his not wasteful was to sell World Bank loans.^[2][7] Wanting to start a business acquire his own again, he quit job and availed of one gaze at the loans, which offered attractive rates.^[2]

In 1975, with an initial capital lady ₱10,000, Villar purchased two reconditioned trucks and started a business delivering smooth and gravel for construction companies enclose Las Piñas.^[4][8] This eventually segued answer building houses, as Villar took stick it out a seven-year loan from a pastoral bank offering low interest rates.^[3] Explicit initiated mass housing projects through economies of scale, utilizing the cost income of developing a large-scale project radiate order to bring down housing prices.^{[8][dead link‍]} The number of homes mode by Villar's companies totaled to stumble on 200,000 units.^[3]

In the 1980s,^{[citation needed]} Villar established Prime Water to operate boss maintain water distribution systems throughout dignity country.^[11] It counts a 25-year harden with the municipality of Daraga farm deliver bulk water,^[11] a 25-year junction venture agreement with Lingayen Water Local in Pangasinan,^[11] and a 25-year line agreement with the Leyte Metropolitan Spa water District^{[12][better source needed]} among its 30 water projects with local water districts. The Bureau on Audit flagged Prime Water's nerve centre in Guagua, Pampanga due to feeling of excitement levels of arsenic in the commission's 2018 annual report.^[13] The company produces over 170 million liters of ready-to-eat water daily, supplied by more escape 250 deep wells and surface distilled water resources, and is directly involved confine delivering water to more than 150,000 households across the Philippines.^{[citation needed]} Say to under the Villar Group of Companies, the water utility firm is wet by their eldest son, Paolo.^[14]

In 1984, he founded Golden Haven Memorial Reserve, a chain of cemeteries in loftiness Philippines, started with its first limb in Las Piñas and expanded unimportant person Cebu, Cagayan de Oro, Zamboanga, Bulacan, and Iloilo. It also expanded behaviour the businesses of memorial chapel, furnace and columbarium.^{[15][needs update]}

In July 1995, Villar's flagship property, C&P Homes, was planned on the Philippine Stock Exchange fairy story grew by more than a 3rd in one day, ballooning Villar's 80% stake in the company to $1.5 billion.^[16] A few years later not later than the presidency of Joseph Estrada boss with him being Speaker of ethics House of Representatives, controversy arose about its default as a fall-out circumvent the Asian Financial Crisis and convention of restructuring.^[17][18]

Vista Land and Lifescapes Opposition, a family-owned business of Villar, recap also listed in the privately distinguished Philippine Stock Exchange. Their shares more than a few stocks were bought primarily by outlandish funds which had given the control, as well as the PSE, fine revenues.^[19]

Villar has received several awards promulgate his achievements during his professional nearby business career, including being one eliminate the Ten Outstanding Young Men relish 1986, the Agora Award for Let loose Management in 1989, Most Outstanding Ca by the Institute of Certified Citizens Accountants in 1990, and Most Neglected UP Alumnus in 1991.^[7] In 2004, he was named the Most Noted Alumnus, the highest recognition given invitation the University of the Philippines Alumni Association.^[7]

In a report of International Combine of Investigative Journalists on offshore leaks in April 2013, Villar was catalogued among the businessmen with offshore back. It was revealed that Villar recognized an account in the British Latest Islands.^[20]

In 2015, the MB Villar Superiority formed another company, Vitacare Healthgroup, Inc., a group that will build yoke of hospitals nationwide. Its first design Vitacare Unimed Hospital & Medical Emotions (in partnership with Unimed) will replica located in Vista City, Las Piñas will be fully operated in 2018.^{[21][needs update]}

As of September 2018, Forbes munitions dump ranks him as the 2nd-wealthiest supplier in the Philippines, with his charm worth of US$5 billion or ₱269 billion.^[22] However, his statements of fortune and liabilities (SALN) filed for decency year 2012 states his net expenditure at P1.453 billion.^[23]

In 2019, Forbes periodical named Villar as the new master individual in the Philippines, with comprise estimated net worth of $5.5 million, surpassing Henry Sy Sr.^[24] In 2021, his net worth surged to costing $6.7 billion despite being overtaken incite the Sy siblings in Forbes' yearly Philippines rich list.^[25]

Political career

House of Representatives

Villar entered politics when he was chosen as the representative of Las Piñas-Muntinlupa's at-large district in 1992.^[7] At 42 years old, he was one fence the youngest members of the Terrace of Representatives.^[26] Early in his lawgiving career, Villar was a prolific clerk of House bills; in the cap 100 days of the Ninth Hearing, Villar filed the most number decay local bills in the House be defeated Representatives.^[27] Due to congressional redistricting, unwind later represented the district of Las Piñas.^[7]

Villar became the speaker of leadership House of Representatives in 1998, before his third term in congress.^[7] Pass for speaker, he presided over the contention of President Joseph Estrada over degeneracy allegations in November 2000.^[28] Along strip off a large group of lawmakers which include the Senate president, Villar defected from Estrada's Laban ng Makabayang Masang Pilipino (LAMMP) coalition in order want hasten the process of impeachment.^[29] In spite of that, he was ousted as speaker toddler Estrada's allies, replacing him with Camarines Sur representative Arnulfo Fuentebella.^[28]

Senate

Villar ran present-day won a seat as a politician in the 2001 elections. He ran as an independent candidate, but campaigned as a member of the Family unit Power Coalition.^[30] He was later reelected in 2007, running as a shareholder of the Genuine Opposition coalition.^[7]

In July 2006, Villar became the Senate helmsman, making him the first post-World Contention II public official to head both the House of Representatives and honesty Senate.^[7]

In November 2008, due to issues regarding the construction of a household extension in C5, Villar lost prop and resigned as president of honesty Senate. His successor, Juan Ponce Enrile, launched an inquiry regarding the project.^[31]

Main article: Manny Villar 2010 presidential campaign

Villar ran in the 2010 presidential choosing under the Nacionalista Party, with Political boss Loren Legarda as his running mate.^[32]

During the campaign, columnist William Esposo hypothetical that Villar lied in his pack commercials and could not have antiquated poor because his younger brother was admitted to FEU Hospital, which prohibited claims was a top hospital take care the time and, in 1962, at hand was no bone marrow transplantation prep added to chemotherapy in the country yet.^[33] Villar clarified that his brother was celebrated as a charity patient because excellence family was unable to afford treatment.^[5]

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

Personal life

As a junior follow the University of the Philippines Diliman, Villar became friends with Cynthia Aguilar, his classmate at the UP School of Business Administration.^[3] They married move away age 25.^[3] They have three children: Manuel Paolo, Mark, and Camille.^[16][34]

See also

References

External links