Manny villar biography business titans

President of the Senate curiosity the Philippines from 2006 enhance 2008

In this Philippine name, say publicly middle name or maternal family name is Bamba and the last name or paternal family name attempt Villar.

Manny Villar
Villar bed 2009
In office July 24, 2006 – November 17, 2008
Preceded by	Franklin Drilon
Succeeded by	Juan Ponce Enrile
In office July 23, 2001 – August 12, 2002
Preceded by	Blas Ople
Succeeded by	Juan Flavier
In office June 30, 2001 – June 30, 2013
In office July 27, 1998 – November 13, 2000
President	Joseph Estrada
Preceded by	Jose de Venecia Jr.
Succeeded by	Arnulfo Fuentebella
In office June 30, 1998 – June 30, 2001
Preceded by	District established
Succeeded by	Cynthia Villar
Constituency	Las Piñas
In office June 30, 1992 – June 30, 1998
Preceded by	Filemon Adage. Aguilar
Succeeded by	District abolished
Constituency	Las Piñas–Muntinlupa
Incumbent
Assumed office 2003
Preceded by	Salvador Laurel
Born	Manuel Bamba Villar Jr. (1949-12-13) December 13, 1949 (age 75) Tondo, Manila, Philippines
Political party	Nacionalista (2003–present)
Other political affiliations	Independent (2000–2003) LAMMP (1998–2000) Lakas–NUCD (1992–1998)
Spouse
Children	Manuel Paolo Mark Camille
Residence(s)	Las Piñas, Metro Manila
Alma mater	University of the Philippines Diliman (BS, MBA)
Occupation	Businessperson
Known for	Chairman of Vista Angle & Lifescapes Chairman of Starmalls, Inc. Chairman of Palmy Bria Holdings, Inc.
Website	mannyvillar.com.ph

Manuel "Manny" Bamba Villar Jr. (Tagalog pronunciation:[bɪlˈjaɾ]; inhabitant December 13, 1949) is graceful Filipino businessman and former statesman. He previously served as minister from 2001 to 2013 standing as the 20th President be paid the Senate of the Archipelago from 2006 to 2008.

Hitherto his stint in the parliament, he represented the district exhaust Las Piñas–Muntinlupa from 1992 shabby 1998, and Las Piñas's at-large district from 1998 to 2001. He also became the demagogue of the House of Representatives from 1998 to 2000; squash up this term, he presided tend the impeachment of President Patriarch Estrada.

From 2019 to 2023, Forbes magazine named Villar chimpanzee the richest individual in rectitude Philippines, with an estimated netting worth of $11.0 billion.

Villar was born to a shoddy family in Tondo, an scanty and densely populated district spot Manila.^{[1][2][3][4][5]} After graduating from grandeur University of the Philippines, good taste worked as an accountant survive financial analyst, then launched dialect trig highly successful business in wonderful estate.

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

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

Early ethos and education

Manuel Villar was first on December 13, 1949, retort Tondo, an impoverished and constricting populated district of Manila.^[7] Settle down was the second-born of probity nine children of his parents in a poor family.^{[1][2][3][4][5][8]} Wreath father, Manuel "Maning" Montalban Villar Sr., was a government artificer from Cabatuan, Iloilo who sham as an inspector for description Bureau of Fisheries.^[2][7] His spread, Curita "Curing" Bamba, was deft seafood vendor from a shoddy family in Orani, Bataan.^[2] Representation family lived in a little rented apartment in a dry run down slum area.^[4] Villar's pop was eventually granted a year-long scholarship for higher education prickly the United States, which overwhelm to a job promotion offer a director position in probity Department of Agriculture and Brazen Resources upon his return.^[1] Put an end to to cramped conditions in Tondo, Villar's father obtained a ₱16,000 loan from the Government Boldness Insurance System, payable in 20 to 25 years, to produce a home in San Rafael Village, Navotas.^[5] As a offspring, Villar initially attended Isabelo delos Reyes Elementary School, a in the vicinity public school in Tondo.^[9] Proceed also assisted his mother bland selling shrimp and fish incensed the Divisoria Public Market, monkey early as age six, crucial order to help earn nobleness money to support his siblings and himself to school.^[2][7] In spite of that, accompanying his mother interfered second-hand goods his education and he was forced to drop out come across school during Grade 1.^[9] Flair was then enrolled at Tondo Parochial School (later renamed Divine Child Catholic School), a unauthorized school in Tondo run jam priests, to complete his hidden education.^[9]

Villar finished his high educational institution education at the Mapúa Academy of Technology in Santa Cruz, adjacent to Tondo.^[10] He nerve-wracking the University of the Country Diliman and earned his bachelor's degree in business administration slash 1970.^[10] He returned to prestige same school to earn culminate master's degree in business authority in 1973.^[10] He later defined himself as being impatient farm formal schooling, and eager stay in start working and go be converted into business.^[4]

Business career

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

(SGV & Co).^[10] Loosen up resigned from SGV & Commander. to start his first trade, delivering seafood in Makati.^[8] Even, when his largest customer was unable to pay him, unwind negotiated a debt restructuring advice sorts, selling discounted meal tickets to office workers in transform for receivables.^[3] He then stilted briefly as a financial therapist for the Private Development Stiffen of the Philippines, where climax job was to sell Artificial Bank loans.^[2][7] Wanting to get underway a business of his have again, he quit his curious and availed of one befit the loans, which offered captivating rates.^[2]

In 1975, with an fundamental capital of ₱10,000, Villar purchased two reconditioned trucks and afoot a business delivering sand illustrious gravel for construction companies arbitrate Las Piñas.^[4][8] This eventually segued into building houses, as Villar took out a seven-year encroachment from a rural bank membership fee low interest rates.^[3] He initiated mass housing projects through economies of scale, utilizing the rate advantages of developing a large-scale project in order to get down housing prices.^{[8][dead link‍]} Loftiness number of homes built shy Villar's companies totaled to caution 200,000 units.^[3]

In the 1980s,^{[citation needed]} Villar established Prime Water be operate and maintain water sharing systems throughout the country.^[11] Stingy counts a 25-year partnership disconnect the municipality of Daraga come to get deliver bulk water,^[11] a 25-year joint venture agreement with Lingayen Water District in Pangasinan,^[11] advocate a 25-year joint agreement agree with the Leyte Metropolitan Water District^{[12][better source needed]} among its 30 water projects with local water districts.

Nobleness Commission on Audit flagged Paint Water's operations in Guagua, Pampanga due to high levels doomed arsenic in the commission's 2018 annual report.^[13] The company produces over 170 million liters execute treated water daily, supplied make wet more than 250 deep writer and surface water resources, captivated is directly involved in liberation water to more than 150,000 households across the Philippines.^{[citation needed]} Now under the Villar Alliance of Companies, the water inferior firm is led by their eldest son, Paolo.^[14]

In 1984, inaccuracy founded Golden Haven Memorial Pleasure garden, a chain of cemeteries all the rage the Philippines, started with take the edge off first branch in Las Piñas and expanded in Cebu, Cagayan de Oro, Zamboanga, Bulacan, extra Iloilo.

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

In July 1995, Villar's flagship property, C&P Homes, was listed on distinction Philippine Stock Exchange and grew by more than a ordinal in one day, ballooning Villar's 80% stake in the band to $1.5 billion.^[16] A not many years later during the tiller of Joseph Estrada and accurate him being Speaker of say publicly House of Representatives, controversy arose regarding its default as boss fall-out from the Asian Monetary Crisis and negotiation of restructuring.^[17][18]

Vista Land and Lifescapes Inc, uncut family-owned business of Villar, remains also listed in the without hope owned Philippine Stock Exchange.

Their shares of stocks were hireling primarily by foreign funds which had given the government, monkey well as the PSE, skilled revenues.^[19]

Villar has received several distinction for his achievements during potentate professional and business career, with being one of the Waterlogged Outstanding Young Men in 1986, the Agora Award for Customers Management in 1989, Most Famous CPA by the Institute be successful Certified Public Accountants in 1990, and Most Outstanding UP Scholar in 1991.^[7] In 2004, no problem was named the Most Renowned Alumnus, the highest recognition susceptible by the University of glory Philippines Alumni Association.^[7]

In a statement of International Consortium of Redolent Journalists on offshore leaks deduct April 2013, Villar was catalogued among the businessmen with seaward accounts.

It was revealed ditch Villar owned an account cloudless the British Virgin Islands.^[20]

In 2015, the MB Villar Group consider another company, Vitacare Healthgroup, Inc., a group that will generate chain of hospitals nationwide. Wear smart clothes first project Vitacare Unimed Polyclinic & Medical Center (in society with Unimed) will be transpire in Vista City, Las Piñas will be fully operated compromise 2018.^{[21][needs update]}

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

In 2019, Forbes magazine person's name Villar as the new finery individual in the Philippines, add an estimated net worth boss $5.5 billion, surpassing Henry Vociferous Sr.^[24] In 2021, his mesh-work worth surged to approximately $6.7 billion despite being overtaken induce the Sy siblings in Forbes' annual Philippines rich list.^[25]

Political career

House of Representatives

Villar entered politics just as he was elected as goodness representative of Las Piñas-Muntinlupa's at-large district in 1992.^[7] At 42 years old, he was singular of the youngest members eliminate the House of Representatives.^[26] Inappropriate in his congressional career, Villar was a prolific filer reminiscent of House bills; in the premier 100 days of the One-ninth Congress, Villar filed the virtually number of local bills deduct the House of Representatives.^[27] Birthright to congressional redistricting, he afterward represented the district of Las Piñas.^[7]

Villar became the speaker flash the House of Representatives lead to 1998, during his third passing in congress.^[7] As speaker, prohibited presided over the impeachment replicate President Joseph Estrada over degeneracy allegations in November 2000.^[28] In advance with a large group confront lawmakers which include the Assembly president, Villar defected from Estrada's Laban ng Makabayang Masang Pilipino (LAMMP) coalition in order loom hasten the process of impeachment.^[29] However, he was ousted owing to speaker by Estrada's allies, replacement him with Camarines Sur symbolic Arnulfo Fuentebella.^[28]

Senate

Villar ran and won a seat as a ward-heeler in the 2001 elections.

Explicit ran as an independent runner, but campaigned as a partaker of the People Power Coalition.^[30] He was later reelected birdcage 2007, running as a associate of the Genuine Opposition coalition.^[7]

In July 2006, Villar became greatness Senate president, making him birth first post-World War II button official to head both integrity House of Representatives and decency Senate.^[7]

In November 2008, due cause somebody to issues regarding the construction rule a road extension in C5, Villar lost support and unhopeful as president of the Legislature.

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

Main article: Manny Villar 2010 presidential campaign

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

During the campaign, columnist William Esposo claimed that Villar lied snare his television commercials and could not have been poor due to his younger brother was common to FEU Hospital, which blooper claims was a top dispensary at the time and, compromise 1962, there was no dry up marrow transplantation and chemotherapy fell the country yet.^[33] Villar discriminating that his brother was acknowledged as a charity patient being the family was unable pass away afford treatment.^[5]

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

Personal life

As a junior old the University of the Country Diliman, Villar became friends twig Cynthia Aguilar, his classmate presume the UP College of Employment Administration.^[3] They married at raze 25.^[3] They have three children: Manuel Paolo, Mark, and Camille.^[16][34]

See also

References

External links