MANILA, Philippines – Senate topnotcher Cynthia Villar reported zero campaign contributions even as she spent more than P135 million for the recently concluded senatorial polls.
Villar listed zero “contributions received” in the Statement of Contributions and Expenditures (SOCE) that she submitted to the Commission on Elections (Comelec).
The senator-elect, on the other hand, reported P135,529,061.09 as her “expenditures incurred” for this year’s elections. (READ: How much do you need to become senator?)
Villar hails from a rich political family in Las Piñas City, and her wealth was seen as one of the factors why she topped the senatorial race this year. (READ: The rise of Cynthia Villar: How politics, money, networks made her No. 1)
At the end of 2017, she declared a net worth of more than P3.611 billion, with no liabilities.
Her husband, real estate tycoon and former Senate president Manny Villar, was declared the richest man in the Philippines in 2019, with a net worth of $5.5 billion. – Rappler.com