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Romero still richest solon; ‘poorest’ is Kabataan’s Elago

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Michael L. Romero
MICHAEL L. ROMERO

REPRESENTATIVE MICHAEL L. Romero of 1 PACMAN Party-list remained the richest member of the House of Representatives based on the summary of Statements, Assets, Liabilities, and Net Worth (SALN) of congressmen as of December 2018.

Mr. Romero, owner of F&S Holdings, Inc. which recently increased its stake in the operation of Philippines AirAsia, Inc., recorded a P7.858 billion net worth, up from P7.291 billion in 2017.

The tycoon-lawmaker was followed by Negros Occidental 3rd District Rep. Alfredo B. Benitez with a net worth of P1.017 billion.

Others in the top 10 were: former First Lady and now Ilocos Norte 2nd District Rep. Imelda R. Marcos, P923.8 million; Quezon City 4th District Rep. Feliciano R. Belmonte Jr, P864.8 million; Manila Teachers Rep. Virgilio S. Lacson, P793.9 million; former mayor and now Marikina 1st District Rep. Bayani F. Fernando, P748 million; Davao del Norte 2nd District Rep. Antonio D. Floreindo, P714.6 million; Batangas 6th District Rep. Vilma Santos-Recto, P555.3 million; Leyte 1st District Rep. Yedda K. Romualdez, P487.6 million; and House Speaker and Pampanga 2nd District Rep. Gloria Macapagal-Arroyo, P479.5 million.

Kabataan Party-list Rep. Sarah I. Elago stayed as the “poorest” lawmaker with a net worth of P85,400. — Vince Angelo C. Ferreras