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Chiz poorest senator, Villar still richest

MANILA, Philippines – Newly re-elected Sen Francis Escudero is now the poorest senator, replacing Sen Antonio Trillanes IV.

Based on the Statements of Assets Liabilities and Net Worth (SALN) released by the Senate Secretary, Escudero reported the lowest net worth among 23 senators for 2012: P4.02 million.

His net worth went down by about P5 million from P9.86 million in 2011.

Trillanes, who was the poorest senator in 2011 and 2010, had a net worth of P4.43 million in 2012. The figure was up from P3.89 million in 2011.

Businessman and property mogul Sen Manny Villar remains the richest senator, with a net worth of P1.45 billion in 2012. It was an increase from his 2011 net worth of P854 million.

Besides Escudero, Senators Teofisto “TG” Guingona III, Aquilino “Koko” Pimentel III and Francis Pangilinan saw a decline in their net worth for 2012.

Sen Joker Arroyo’s net worth was unchanged at P11.05 million.

Here is the complete list of the senators’ net worth for 2012:

The Constitution requires all public officials and employees to file SALNs within 30 days after assumption of office, on or before April 30 of every year, and within 30 days after separation from the service.

During the campaign, Legarda became controversial for supposedly failing to properly declare a New York condominium in her SALN. She decried the charge as black propaganda.

The SALN also became a central issue in the impeachment trial of former Chief Justice Renato Corona, who was dismissed for failing to disclose P180 million in dollar and peso bank accounts. – Rappler.com