[WHO] P-Noy Cabinet Members: Richest and Poorest

Only one out of 34 members of President Aquino's Cabinet is not a millionaire, as shown by their statements of assests, liabilities and net worth (SALN) for 2013. Department of Education (DepEd) Secretary Armin Luistro, with a net worth of P433,392.17, experienced a substantial drop from P739,006.14 (2011) and P550,651 (2012).

Department of Foreign Affairs (DFA) Secretary Albert del Rosario, on the other handt, remained the richest Cabinet member (net worth of P765 million) with an increase of almost P60 million from 2012.

Below is the list of secretaries and their net worth in descending order. Cabinet 2013 

1. Albert del Rosario (DFA) P765, 379,281.02 

2. Secretary Ramon Jimenez (DOT) P282,466,800 

3. Cesar Purisima (DOF) P278, 947,249 

4. Manuel Roxas II (DILG) P211,027,479.88 

5. Gregory Domingo (DTI) P150,641,395 

6. Alfredo Benjamin Caguioa P120,378,000 (Presidentiall chief legal counsel) 

7. Jose Rene Almendras P119,841,097.67 (Cabinet secretary) 

8. Jericho Petilla (DOE) P117,095,110 

9. Jose Emilio Abaya (DOTC) P112,080,897.55 

10. Enrique Ona (DOH) P93,692,345.56 

11. Proceso Alcala (DA) P90,772,754.10 

12. Rogelio Singson (DPWH) P83,844,373.25 

13. Mario Montejo (DOST) P59,968,806.39 

14. Joel Villanueva (TESDA) P49,772,955 

15. Patricia Licuanan (CHED) P45,477,803 

16. Francis Tolentino (MMDA) P40,722,000 

17. Butch Abad (DBM) P32,772,279.13 

18. Ramon Paje (DENR) P30,350,000 

19. Voltaire Gazmin (DND) P24,639,939 

20. Julia Abad (PMS) P22,360,000 

21. Arsenio Balisacan (NEDA) P21,615,100 

22. Paquito Ochoa P18,149,756.34 (Executive Secretary) 

23. Cesar Garcia Jr. P16,400,000 (National Security Adviser) 

24. Herminio Coloma (PCOO) P16,390,000 

25. Virgilio Delos Reyes (DAR) P14,589,967 

26. Edwin Lacierda P12,409,443.57 

27. Manuel Mamba P10,857,217.20 (Presidential Legislative Liaison Office) 

28. Mehol Sadain (NCMF) P10,422,270.12 

29. Ronald Llamas P5,693,378 (Political Adviser) 

30. Teresita Deles P4,712,506.86 (Presidential Adviser on the Peace Process) 

31. Leila De Lima (DOJ) P4,586,742.20 

32. Rosalinda Baldoz (DOLE) P4,345,406 

33. Corazon “Dinky” Soliman (DSWD) P3,680,000 

34. Armin Luistro (DepEd) P433,392.17

Source: Inquirer

11 Filipino billionaires in Forbes 2013 list, mall tycoon Henry Sy leads

As the economy and stock market of the Philippines progressed and outperformed others, 11 Filipinos made it to the Forbes Magazine 2013 global billionaires' list, with five more Filipino billionaires added from a total of six last year.

Number 1 Filipino tycoon and business magnate Henry Sy, and his family, ranked 68th on the list with a net worth of $13.2 billion as of March 2013.

"The Philippines' richest man Henry Sy saw his fortune swell by more than $5 billion as shares of his holding firm SM Investments, the country's most valuable company, surged by over 50 percent, fueled by reports that it may merge its property units," Forbes said.

Lucio Tan, owner of tobacco, alcohol, airline and real estate firms, and his family ranked second in the Filipino billionaires list with a net worth of $5 billion. 

The new members of the billionaires' list are this year are Consunji and family, Ty and family, the Co couple, Coyiuto, Tan Caktiong and family, and Gotianun and family. 

Meanwhile, the biggest gainer title goes to Enrique Razon who debuted in the billionaires list just last year. Razon, owner of International Container Terminal Services (ICTS) which purchased various ports worldwide, saw his wealth hike by over $3 billion after Bloomberry Resorts,  his hotel and casino venture, joined the Philippine Stock Exchange.

The names and ranks of the Filipino billionaires worldwie in 2013 are as follows:

1. No. 68 - Henry Sy ($13.2 billion)

2. No. 248 - Lucio Tan ($5 billion)

3. No. 258 - Enrique Razon Jr. ($4.9 billion)

4. No. 345 - Andrew Tan ($3.95 billion)

5. No. 503 - David Consunji and family ($2.8 billion)

6. No. 554 - George Ty and family ($2.6 billion)

7. No. 736 - Lucio and Susan Co ($2 billion)

8. No. 931 - Robert Coyiuto, Jr. ($1.6 billion)

9. No. 1031 - Tony Tan Caktiong and family ($1.4 billion)

10. No. 1175 - Andrew Gotianun and family ($1.2 billion)

11. No. 1175 - Roberto Ongpin ($1.2 billion)

Forbes noted that all the 1,426 billionaires of the world saw an increase in its aggregate net worth from $4.6 trillion to $5.4 trillion, which is roughly near (hundreds of billions in dollars) the gross domestic product (GDP) of Japan or the GDPs of France and Brazil combined in 2011.

Together, the net worth of the Philippine billionaires this year totaled to $39.85 billion, around 16.75 percent of the Philippine economy in 2012.