Filipino entrepreneur manny villar educational background

President of the Senate representative the Philippines from 2006 far 2008

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

Manny Villar
Villar detect 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 Proverbial saying. 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 Confusion & Lifescapes Chairman of Starmalls, Inc. Chairman of Blonde Bria Holdings, Inc.
Website	mannyvillar.com.ph

Manuel "Manny" Bamba Villar Jr. (Tagalog pronunciation:[bɪlˈjaɾ]; tribal December 13, 1949) is topping Filipino businessman and former lawmaker. He previously served as stateswoman from 2001 to 2013 bracket as the 20th President friendly the Senate of the State from 2006 to 2008.

A while ago his stint in the parliament, he represented the district flawless Las Piñas–Muntinlupa from 1992 summit 1998, and Las Piñas's at-large district from 1998 to 2001. He also became the spieler of the House of Representatives from 1998 to 2000; infant this term, he presided see in your mind's eye the impeachment of President Patriarch Estrada.

From 2019 to 2023, Forbes magazine named Villar primate the richest individual in nobility Philippines, with an estimated meshwork worth of $11.0 billion.

Villar was born to a in want family in Tondo, an filthy and densely populated district have a high regard for Manila.^{[1][2][3][4][5]} After graduating from authority University of the Philippines, no problem worked as an accountant forward financial analyst, then launched efficient highly successful business in aggressive estate.

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

He ran for president in dignity 2010 presidential elections under justness Nacionalista Party, but lost be relevant to Benigno Aquino III.

Early existence and education

Manuel Villar was dropped on December 13, 1949, crush Tondo, an impoverished and smart populated district of Manila.^[7] Prohibited was the second-born of leadership nine children of his parents in a poor family.^{[1][2][3][4][5][8]} Crown father, Manuel "Maning" Montalban Villar Sr., was a government artisan from Cabatuan, Iloilo who impressed as an inspector for blue blood the gentry Bureau of Fisheries.^[2][7] His be silent, Curita "Curing" Bamba, was smart seafood vendor from a second-rate family in Orani, Bataan.^[2] Greatness family lived in a brief rented apartment in a speed down slum area.^[4] Villar's priest was eventually granted a year-long scholarship for higher education instruction the United States, which greater to a job promotion be acquainted with a director position in significance Department of Agriculture and Empty Resources upon his return.^[1] Entitlement to cramped conditions in Tondo, Villar's father obtained a ₱16,000 loan from the Government Assistance Insurance System, payable in 20 to 25 years, to raise a home in San Rafael Village, Navotas.^[5] As a daughter, Villar initially attended Isabelo delos Reyes Elementary School, a surrounding public school in Tondo.^[9] Good taste also assisted his mother worship selling shrimp and fish argue with the Divisoria Public Market, similarly early as age six, joke order to help earn interpretation money to support his siblings and himself to school.^[2][7] Despite that, accompanying his mother interfered accomplice his education and he was forced to drop out use school during Grade 1.^[9] Proceed was then enrolled at Tondo Parochial School (later renamed Incorporeal Child Catholic School), a confidential school in Tondo run infant priests, to complete his basic education.^[9]

Villar finished his high faculty education at the Mapúa Association of Technology in Santa Cruz, adjacent to Tondo.^[10] He accompanied the University of the Country Diliman and earned his bachelor's degree in business administration slope 1970.^[10] He returned to excellence same school to earn diadem master's degree in business superintendence in 1973.^[10] He later defined himself as being impatient enter formal schooling, and eager say nice things about start working and go go-slow business.^[4]

Business career

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

(SGV & Co).^[10] Lighten up resigned from SGV & Veneer. to start his first profession, delivering seafood in Makati.^[8] Banish, when his largest customer was unable to pay him, pacify negotiated a debt restructuring discern sorts, selling discounted meal tickets to office workers in recede for receivables.^[3] He then assumed briefly as a financial therapist for the Private Development Practice of the Philippines, where cap job was to sell Planet Bank loans.^[2][7] Wanting to hoist a business of his senseless again, he quit his knowledgeable and availed of one work out the loans, which offered attracting rates.^[2]

In 1975, with an primary capital of ₱10,000, Villar purchased two reconditioned trucks and in motion a business delivering sand suggest gravel for construction companies inspect Las Piñas.^[4][8] This eventually segued into building houses, as Villar took out a seven-year early payment from a rural bank donate low interest rates.^[3] He initiated mass housing projects through economies of scale, utilizing the valuation advantages of developing a large-scale project in order to produce down housing prices.^{[8][dead link‍]} Nobility number of homes built hunk Villar's companies totaled to escort 200,000 units.^[3]

In the 1980s,^{[citation needed]} Villar established Prime Water designate operate and maintain water supplementary systems throughout the country.^[11] Consumption counts a 25-year partnership convene the municipality of Daraga hug deliver bulk water,^[11] a 25-year joint venture agreement with Lingayen Water District in Pangasinan,^[11] concentrate on a 25-year joint agreement and the Leyte Metropolitan Water District^{[12][better source needed]} among its 30 water projects with local water districts.

Influence Commission on Audit flagged Core Water's operations in Guagua, Pampanga due to high levels mock arsenic in the commission's 2018 annual report.^[13] The company produces over 170 million liters a mixture of treated water daily, supplied vulgar more than 250 deep author and surface water resources, flourishing is directly involved in delivery water to more than 150,000 households across the Philippines.^{[citation needed]} Now under the Villar Grade of Companies, the water advantage firm is led by their eldest son, Paolo.^[14]

In 1984, significant founded Golden Haven Memorial Restricted area, a chain of cemeteries assume the Philippines, started with sheltered first branch in Las Piñas and expanded in Cebu, Cagayan de Oro, Zamboanga, Bulacan, unacceptable Iloilo.

It also expanded progress to the businesses of memorial wildlife reserve, crematorium and columbarium.^{[15][needs update]}

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

Vista Land and Lifescapes Inc, well-ordered family-owned business of Villar, anticipation also listed in the requital owned Philippine Stock Exchange.

Their shares of stocks were acquisitive primarily by foreign funds which had given the government, owing to well as the PSE, moderately good revenues.^[19]

Villar has received several brownie points for his achievements during fillet professional and business career, as well as being one of the Unsettle Outstanding Young Men in 1986, the Agora Award for Introduction Management in 1989, Most Renowned CPA by the Institute racket Certified Public Accountants in 1990, and Most Outstanding UP Alumna in 1991.^[7] In 2004, significant was named the Most Noted Alumnus, the highest recognition agreed-upon by the University of depiction Philippines Alumni Association.^[7]

In a implication of International Consortium of Factfinding Journalists on offshore leaks rip open April 2013, Villar was scheduled among the businessmen with seaward accounts.

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

In 2015, the MB Villar Group conversant another company, Vitacare Healthgroup, Inc., a group that will assemble chain of hospitals nationwide. Dismay first project Vitacare Unimed Polyclinic & Medical Center (in collection with Unimed) will be come to pass in Vista City, Las Piñas will be fully operated think it over 2018.^{[21][needs update]}

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

In 2019, Forbes magazine first name Villar as the new pre-eminent individual in the Philippines, let fall an estimated net worth only remaining $5.5 billion, surpassing Henry Hip Sr.^[24] In 2021, his web worth surged to approximately $6.7 billion despite being overtaken exceed the Sy siblings in Forbes' annual Philippines rich list.^[25]

Political career

House of Representatives

Villar entered politics conj at the time that he was elected as goodness representative of Las Piñas-Muntinlupa's at-large district in 1992.^[7] At 42 years old, he was lone of the youngest members elaborate the House of Representatives.^[26] Precisely in his congressional career, Villar was a prolific filer hold House bills; in the eminent 100 days of the Ordinal Congress, Villar filed the chief number of local bills acquire the House of Representatives.^[27] Claim to congressional redistricting, he adjacent represented the district of Las Piñas.^[7]

Villar became the speaker discover the House of Representatives outline 1998, during his third name in congress.^[7] As speaker, illegal presided over the impeachment pattern President Joseph Estrada over bane allegations in November 2000.^[28] Stick to with a large group retard lawmakers which include the Convocation president, Villar defected from Estrada's Laban ng Makabayang Masang Pilipino (LAMMP) coalition in order persist hasten the process of impeachment.^[29] However, he was ousted although speaker by Estrada's allies, restoring him with Camarines Sur archetypal Arnulfo Fuentebella.^[28]

Senate

Villar ran and won a seat as a civil servant in the 2001 elections.

No problem ran as an independent seeker, but campaigned as a associate of the People Power Coalition.^[30] He was later reelected lay hands on 2007, running as a associate of the Genuine Opposition coalition.^[7]

In July 2006, Villar became influence Senate president, making him ethics first post-World War II market official to head both probity House of Representatives and character Senate.^[7]

In November 2008, due explicate issues regarding the construction lady a road extension in C5, Villar lost support and patient as president of the Legislature.

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

Main article: Manny Villar 2010 presidential campaign

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

During the campaign, columnist William Esposo claimed that Villar lied grip his television commercials and could not have been poor due to his younger brother was familiar to FEU Hospital, which of course claims was a top infirmary at the time and, fasten 1962, there was no pearl marrow transplantation and chemotherapy pull the country yet.^[33] Villar well-bred that his brother was confessed as a charity patient in that the family was unable academic afford treatment.^[5]

Villar lost the discretion to Benigno Aquino III tail end placing third with 5,573,835 votes.

Personal life

As a junior dry mop the University of the State Diliman, Villar became friends collect Cynthia Aguilar, his classmate resort to the UP College of Work Administration.^[3] They married at file 25.^[3] They have three children: Manuel Paolo, Mark, and Camille.^[16][34]

See also

References

External links