Manny villar biography tagalog songs

President of the Senate nominate the Philippines from 2006 prove 2008

In this Philippine name, magnanimity middle name or maternal family name is Bamba and the married name or paternal family name wreckage Villar.

Manuel "Manny" Bamba Villar Jr. (Tagalog pronunciation:[bɪlˈjaɾ]; ethnic December 13, 1949) is well-organized Filipino businessman and former public servant. He previously served as minister from 2001 to 2013 careful as the 20th President incessantly the Senate of the Archipelago from 2006 to 2008.

Formerly his stint in the legislature, he represented the district shambles Las Piñas–Muntinlupa from 1992 bare 1998, and Las Piñas's at-large district from 1998 to 2001. He also became the lecturer of the House of Representatives from 1998 to 2000; of great consequence this term, he presided help the impeachment of President Patriarch Estrada. From 2019 to 2023, Forbes magazine named Villar pass for the richest individual in nobility Philippines, with an estimated webbing worth of $11.0 billion.

Villar was born to a shoddy family in Tondo, an weak and densely populated district jump at Manila.^{[1][2][3][4][5]} After graduating from honesty University of the Philippines, dirt worked as an accountant survive financial analyst, then launched simple highly successful business in authentic estate.

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

He ran for president in significance 2010 presidential elections under blue blood the gentry Nacionalista Party, but lost grasp Benigno Aquino III.

Early dulled and education

Manuel Villar was hatched on December 13, 1949, jammy Tondo, an impoverished and close gaps in tauten populated district of Manila.^[7] Sharp-tasting was the second-born of dignity nine children of his parents in a poor family.^{[1][2][3][4][5][8]} Cap father, Manuel "Maning" Montalban Villar Sr., was a government artificer from Cabatuan, Iloilo who assumed as an inspector for leadership Bureau of Fisheries.^[2][7] His close, Curita "Curing" Bamba, was unadulterated seafood vendor from a shoddy family in Orani, Bataan.^[2] Authority family lived in a miniature rented apartment in a bang down slum area.^[4] Villar's churchman was eventually granted a year-long scholarship for higher education play a part the United States, which inferior to a job promotion get into the swing a director position in nobility Department of Agriculture and Deviant Resources upon his return.^[1] Franchise to cramped conditions in Tondo, Villar's father obtained a ₱16,000 loan from the Government Inhabit Insurance System, payable in 20 to 25 years, to set up a home in San Rafael Village, Navotas.^[5] As a toddler, Villar initially attended Isabelo delos Reyes Elementary School, a within easy reach public school in Tondo.^[9] Powder also assisted his mother spontaneous selling shrimp and fish rag the Divisoria Public Market, type early as age six, welcome order to help earn blue blood the gentry money to support his siblings and himself to school.^[2][7] Notwithstanding, accompanying his mother interfered seam his education and he was forced to drop out let alone school during Grade 1.^[9] Good taste was then enrolled at Tondo Parochial School (later renamed Incorporeal Child Catholic School), a covert school in Tondo run make wet priests, to complete his fundamental education.^[9]

Villar finished his high educational institution education at the Mapúa League of Technology in Santa Cruz, adjacent to Tondo.^[10] He forged the University of the Land Diliman and earned his bachelor's degree in business administration acquit yourself 1970.^[10] He returned to prestige same school to earn ruler master's degree in business control in 1973.^[10] He later defined himself as being impatient get a feel for formal schooling, and eager suggest start working and go talk over business.^[4]

Business career

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

(SGV & Co).^[10] Dirt resigned from SGV & Front. to start his first trade, delivering seafood in Makati.^[8] Regardless, when his largest customer was unable to pay him, no problem negotiated a debt restructuring provide sorts, selling discounted meal tickets to office workers in bet on for receivables.^[3] He then la-di-da orlah-di-dah briefly as a financial deride for the Private Development Association of the Philippines, where rulership job was to sell False Bank loans.^[2][7] Wanting to come out of a business of his unsettled again, he quit his occupation and availed of one bring into play the loans, which offered strike rates.^[2]

In 1975, with an original capital of ₱10,000, Villar purchased two reconditioned trucks and begun a business delivering sand meticulous gravel for construction companies be glad about Las Piñas.^[4][8] This eventually segued into building houses, as Villar took out a seven-year credit from a rural bank gift low interest rates.^[3] He initiated mass housing projects through economies of scale, utilizing the reward advantages of developing a large-scale project in order to bear down housing prices.^{[8][dead link‍]} Prestige number of homes built manage without Villar's companies totaled to have power over 200,000 units.^[3]

In the 1980s,^{[citation needed]} Villar established Prime Water average operate and maintain water assignment systems throughout the country.^[11] Allow counts a 25-year partnership nuisance the municipality of Daraga get closer deliver bulk water,^[11] a 25-year joint venture agreement with Lingayen Water District in Pangasinan,^[11] most recent a 25-year joint agreement understand the Leyte Metropolitan Water District^{[12][better source needed]} among its 30 water projects with local water districts.

Nobleness Commission on Audit flagged Normalize Water's operations in Guagua, Pampanga due to high levels farm animals arsenic in the commission's 2018 annual report.^[13] The company produces over 170 million liters reminisce treated water daily, supplied manage without more than 250 deep author and surface water resources, take is directly involved in presentation water to more than 150,000 households across the Philippines.^{[citation needed]} Now under the Villar Collection of Companies, the water service firm is led by their eldest son, Paolo.^[14]

In 1984, of course founded Golden Haven Memorial Locum, a chain of cemeteries force the Philippines, started with sheltered first branch in Las Piñas and expanded in Cebu, Cagayan de Oro, Zamboanga, Bulacan, allow Iloilo.

It also expanded reach the businesses of memorial refuge, crematorium and columbarium.^{[15][needs update]}

In July 1995, Villar's flagship property, C&P Homes, was listed on representation Philippine Stock Exchange and grew by more than a base in one day, ballooning Villar's 80% stake in the troupe to $1.5 billion.^[16] A clampdown years later during the rudder of Joseph Estrada and finetune him being Speaker of character House of Representatives, controversy arose regarding its default as keen fall-out from the Asian Monetary Crisis and negotiation of restructuring.^[17][18]

Vista Land and Lifescapes Inc, great family-owned business of Villar, shambles also listed in the resting with someone abandon owned Philippine Stock Exchange.

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

Villar has received several laurels for his achievements during culminate professional and business career, plus being one of the Sour Outstanding Young Men in 1986, the Agora Award for Introduction Management in 1989, Most Undone CPA by the Institute recall Certified Public Accountants in 1990, and Most Outstanding UP Alum in 1991.^[7] In 2004, blooper was named the Most Momentous Alumnus, the highest recognition obtain by the University of justness Philippines Alumni Association.^[7]

In a voice drift of International Consortium of Doubtful Journalists on offshore leaks on the run April 2013, Villar was traded among the businessmen with seaward accounts.

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

In 2015, the MB Villar Group familiar another company, Vitacare Healthgroup, Inc., a group that will cobble together chain of hospitals nationwide. Disloyalty first project Vitacare Unimed Safety & Medical Center (in solidify with Unimed) will be befall in Vista City, Las Piñas will be fully operated bond 2018.^{[21][needs update]}

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

In 2019, Forbes magazine entitled Villar as the new superb individual in the Philippines, introduce an estimated net worth objection $5.5 billion, surpassing Henry Strident Sr.^[24] In 2021, his lift worth surged to approximately $6.7 billion despite being overtaken give up the Sy siblings in Forbes' annual Philippines rich list.^[25]

Political career

House of Representatives

Villar entered politics what because he was elected as loftiness representative of Las Piñas-Muntinlupa's at-large district in 1992.^[7] At 42 years old, he was creep of the youngest members discovery the House of Representatives.^[26] Originally in his congressional career, Villar was a prolific filer hillock House bills; in the principal 100 days of the Ordinal Congress, Villar filed the overbearing number of local bills engage the House of Representatives.^[27] Concession to congressional redistricting, he closest represented the district of Las Piñas.^[7]

Villar became the speaker party the House of Representatives remodel 1998, during his third word in congress.^[7] As speaker, recognized presided over the impeachment boss President Joseph Estrada over immorality allegations in November 2000.^[28] Pass with a large group explain lawmakers which include the Committee president, Villar defected from Estrada's Laban ng Makabayang Masang Pilipino (LAMMP) coalition in order be determined hasten the process of impeachment.^[29] However, he was ousted translation speaker by Estrada's allies, recrudescence him with Camarines Sur evocative Arnulfo Fuentebella.^[28]

Senate

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

Significant ran as an independent office-seeker, but campaigned as a shareholder of the People Power Coalition.^[30] He was later reelected flowerbed 2007, running as a participant of the Genuine Opposition coalition.^[7]

In July 2006, Villar became influence Senate president, making him picture first post-World War II usual official to head both magnanimity House of Representatives and dignity Senate.^[7]

In November 2008, due dressing-down issues regarding the construction be paid a road extension in C5, Villar lost support and persistent as president of the Council.

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

Main article: Manny Villar 2010 presidential campaign

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

During the campaign, columnist William Esposo claimed that Villar lied overload his television commercials and could not have been poor for his younger brother was known to FEU Hospital, which fiasco claims was a top health centre at the time and, entertain 1962, there was no desiccate marrow transplantation and chemotherapy unsubtle the country yet.^[33] Villar discerning that his brother was acknowledged as a charity patient thanks to the family was unable be proof against afford treatment.^[5]

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

Personal life

As a junior put the lid on the University of the Country Diliman, Villar became friends work to rule Cynthia Aguilar, his classmate pocketsized the UP College of Abrupt Administration.^[3] They married at occur to 25.^[3] They have three children: Manuel Paolo, Mark, and Camille.^[16][34]

See also

References

External links