16 senators disclose SALNs; Villars, 6 minority bloc members yet to make theirs public
By Dhel Nazario
At A Glance
- A total of 16 senators have so far revealed their latest Statements of Assets, Liabilities, and Net Worth (SALNs) to provide the public with a snapshot of their financial standing, leaving eight in the Upper Chamber who have yet to disclose theirs.
A total of 16 senators have so far revealed their latest Statements of Assets, Liabilities, and Net Worth (SALNs) to provide the public with a snapshot of their financial standing, leaving eight in the Upper Chamber who have yet to disclose theirs.
Senator Raffy Tulfo emerged as one the wealthiest senators so far based on declared assets totaling ₱1,052,977,100, composed of ₱376.8 million in real properties, including commercial, agricultural, and residential holdings, and ₱676,177,100 in personal properties he jointly filed with his wife ACT-CIS Rep. Jocelyn Tulfo. They reported no liabilities.
Their statement listed 21 vehicles, among them two Cadillacs, a Lexus, Mercedes-Benz, Toyota Land Cruisers, and a Toyota Sequoia, along with three motorcycles. He also declared ₱243 million worth of clothing, accessories, jewelry, and watches; ₱50 million in furniture and fixtures; and multiple bank accounts, ₱150 million in BDO, ₱112.6 million in a Metrobank dollar account, and ₱25.5 million in a Metrobank peso account.
Their business interests include RW Production Inc. (as stockholder), Raffy Tulfo in Action (as president and board of trustees member), and Idol Network Philippines Inc. (as stockholder and director).
His brother Senator Erwin Tulfo declared ₱656,302,962.13 in total assets — ₱210,965,870.80 in real properties and ₱445,337,091.33 in personal properties — against ₱159,299,537 in liabilities. His total net worth stood at ₱497,003,425.13.
Senate Majority Leader Juan Miguel “Migz” Zubiri reported ₱631,788,168.43 in total assets, composed of ₱114,726,000 in 18 different real properties and ₱517,062,168.83 in personal properties. With liabilities amounting to ₱200,008,756.51, his net worth was ₱431,779,401.92.
Senate President Pro Tempore Panfilo “Ping” Lacson declared ₱256.77 million in total assets and ₱244.94 million in net worth after accounting for ₱11.83 million in liabilities. His declared properties include lots, houses, and condominiums, as well as cash, jewelry, stock investments, motor vehicles, and insurance.
Senator Robinhood “Robin” Padilla declared ₱244.04 million in assets, with no liabilities. His holdings include land and condominium properties worth ₱100.50 million. Padilla also disclosed several relatives in public service, among them Governor Ricarte Padilla, Vice Mayor Casimero Padilla, and Provincial Administrator Don Eduardo Padilla of Camarines Norte.
Senator Lito Lapid, meanwhile, reported ₱294,383,580.35 in total assets — ₱57,059,113.49 in real estate and ₱237,324,466.95 in personal properties — and ₱92,347,204.67 in liabilities, yielding a net worth of ₱202,036,375.68.
Senate President Vicente “Tito” Sotto III declared ₱465.60 million in assets and ₱276.74 million in liabilities, resulting in a net worth of ₱188.87 million. His properties include three houses and lots, agricultural land, two residential lots, and several condominiums with parking and commercial units. He also declared cash, vehicles, sporting equipment, furniture, and appliances.
Senator JV Ejercito declared ₱179,065,861.12 in total assets — ₱101,550,000 in real properties and ₱77,515,861.12 in personal properties — with ₱41,992,401.49 in liabilities, bringing his net worth to ₱137,073,459.63.
Senator Pia Cayetano declared ₱151.09 million in assets and ₱22.79 million in liabilities — from loans, car loans, and credit cards — for a net worth of ₱128.29 million. She reported no real properties but listed extensive business interests in at least 18 companies and foundations, including Companero Rene Cayetano Foundation Inc., Murfin Holdings Corp., Tatooine Consultancy and Holdings Corp., Otakobar Inc., Maxigroup Inc., Team Pia Inc., and several others.
Senator Sherwin Gatchalian declared ₱89.52 million in total assets and no liabilities. His holdings include two condominiums, shares of stock, and memberships in several leisure clubs — including Wellex Industries Inc., Iloilo Country Club, Universal Leisure Club, The Orchard, and Valley Golf.
Senator Bam Aquino reported ₱86.55 million in assets and no liabilities, including three residential lots, a Toyota Innova Zenix (2024 model), Nissan Kicks (2023), and Honda Odyssey (2016), as well as cash, jewelry, furnishings, and appliances.
Senator Loren Legarda listed ₱100.73 million in assets and ₱21.53 million in liabilities for a net worth of ₱79.21 million. Her real properties include a condominium, a house and lot co-owned with her brothers, and an agricultural lot. She also declared cash, jewelry, antiques, artworks, investments, and shares of stock.
Senator Joel Villanueva listed ₱72,505,360 in total assets, split between ₱46,250,035 in real estate and ₱26,255,325 in personal properties. After deducting ₱23 million in liabilities, his net worth was ₱49,505,360.
Senator Francis “Kiko” Pangilinan declared ₱5,852,597.97 in real assets and ₱20,886,000 in personal assets, with no liabilities, for a net worth of ₱26,738,597.97.
Senator Risa Hontiveros reported ₱8,730,000 in real assets and ₱10,054,098.21 in personal assets, with ₱897,840 in liabilities, resulting in a total net worth of ₱18,986,258.21.
Lastly, Senator Francis “Chiz” Escudero reported the lowest net worth no real properties, but listed five properties acquired by succession, alongside ₱18,840,082.62 in personal properties — including cash and cars — for a total net worth of ₱18,840,082.62.
Only eight senators have yet to release their respective SALNs, which mostly come from the minority bloc, including Senate Minority Leader Alan Peter Cayetano, Senators Ronald "Bato" dela Rosa, Jinggoy Estrada, Christopher Lawrence "Bong" Go, Rodante Marcoleta, Imee Marcos, and majority bloc senators Camille and Mark Villar.
Under the law, senators and all public officials are required to submit their SALNs annually to promote transparency and accountability in government.