Every time we post a list of the Richest Filipinos, many commenters always ask why Manny Pacquiao — with his millions of boxing winnings and earnings from product endorsements — is not on it.
The simple answer? He’s not rich enough.
How rich is the most powerful man in the Philippines?
If we are to rely merely on Pres. Benigno “Noynoy” Aquino’s official declaration in his Statement of Assets, Liabilities and Net Worth (SALN), we can say that he is rich compared to the “average” Filipino but is nothing compared to the richest Filipinos in the Philippines.
Does wealth come with power or is power the source of wealth?
Whatever the case may be, if President Noynoy Aquino’s cabinet members are an indication, those in power are also the rich people in the in the Philippines.
Based on the 2010 Statement of Assets, Liabilities and Net Worth (SALN) submitted by PNoy’s Cabinet secretaries, all but one Cabinet member is a millionaire.