Bebot is richest among Cebuano lawmakers

CEBU, Philippines — Cebu City South District Representative Rodrigo Abellanosa remains the richest Cebuano lawmaker based on his 2018 Statements of Assets, Liabilities and Net Worth (SALNs).

Abellanosa, a resident of Barangay Guadalupe, Cebu City and the founder and president of Asian College of Technology (ACT) declared P71.4 million net worth or actual wealth as of December 31, 2018.

Net worth is computed based on the value of total assets (real properties plus personal properties) minus total liabilities.

Abellanosa’s networth is P2.1 million more than his P69.3 million net worth in 2017.

In 2016, he had P68.8 million actual wealth. Since 2016 up to 2018, Abellanosa declared no liabilities.

Third district representative and now governor-elect Gwendolyn Garcia followed Abellanosa with P50,681,894.26 net worth or an increase of P15,575.12 from her P50,697,469.38 net worth in 2017.

Based on the summary report of declared assets, liabilities and net worth of Garcia posted in the House of Representatives website, she had P106,870,187.92 total assets and liabilities amounting to P56,188,293.66.

Benhur Salimbangon of the fourth district followed Garcia with P47.7 million net worth.  He declared P53.6 million total assets minus P5.9 million liabilities.

Salimbangon, in 2017, declared P44,815,126.74 net worth. From 2017 to 2018, he had an increase of P2.8 million.

Jonas Cortes, a sixth district representative and now Mandaue City mayor-elect, has a net worth of P27.7 million. Cortes had P36.6 million total assets minus P8.9 million liabilities.

Raul del Mar of Cebu City north representative declared a net worth of P26.5 million. He declared no liabilities.

Seventh district representative Peter John Calderon followed Del Mar with P23.3 million net worth. Calderon declared P23.9 million total assets minus P653,344.81 total liabilities.

Calderon, in 2017, had P21.7 million actual wealth. From 2017 to 2018, his net worth increased by P1.6 million.

Calderon was followed by Gerald Anthony ‘Samsam’ Gullas, Jr., of the first district and now Talisay City mayor-elect with P22.8 million. He declared P24.4 million total assets minus P1.5 total liabilities.

Gullas had a net worth of P19.8 in 2017. From 2017 to 2018, his wealth increased by P3 million.

Fifth district representative Ramon Durano VI followed Gullas, with P21.4 million net worth. He declared P22.3 million total assets minus P855,000 total liabilities.

Aileen Radaza of the lone district of Lapu-lapu City declared a net worth of P19.5 million with no liabilities.

In 2017, she had P16.5 million net worth or an increase of P3 million.

Second district representative Wilfredo Caminero declared a net worth of P19.2 million. He had P25.7 total assets minus P6.5 million total liabilities.

Caminero, in 2017, had P17.9 million net worth or an increase of P1.3 million.

Under the law, government officials and employees are required to submit their SALN yearly. (FREEMAN)