How much money Manny Villar has? According to Forbes magazine, this article tells you everything about this famous Filipino entrepreneur and his net worth as of August 2022. Find out how he made his fortune, where he spends his money, how he makes it grow, what he does in his spare time, and why he’s such an influential man in the Philippines.
Manny Villar Net Worth
Manny Villar is a famous Filipino entrepreneur with an estimated net worth of $7.9 billion as of Forbes’s real-time net worth 2022. He is the former president of the Philippines Chamber of Commerce and Industry. Forbes magazine has listed him as one of the five most successful entrepreneurs in the Philippines.
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Who is Manny Villar (Manuel Villar)
Manny Bamba Villar, Jr. (born December 13, 1949) is a Filipino billionaire businessman and politician who served as a senator from 2001 to 2013 and as the president of the Philippine Senate from 2006 to 2008. He represented Las Piñas–Muntinlupa and Las Piñas at-large districts from 1992 to 1998, respectively.
In his term as speaker of the House of Representatives from 1998 to 2000, he presided over the impeachment of President Joseph Estrada. A Forbes magazine article names Villar as the Philippines’ richest person from 2019 to 2022.
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Born December 13, 1949, he comes from a simple family of three. His father, Manuel Montalban Villar, Sr., is an oil consultant. the government employee came from Cabatuan, Balazan, and Tanza, Iloilo, while his mother Curita Bamba, a seafood seller, is from Pampanga and Bataan.
At a very young age, Manny helped his mother sell shrimp and fish at the Divisoria Market, where he was raised in a brood of nine. With a burning desire to improve his family’s living conditions, Manny sold shrimp and fish to send himself to school.
Villar attended the Mapúa Institute of Technology in Santa Cruz and got his degree in business administration from the University of the Philippines Diliman in 1970. In 1973, he returned to the same school he had graduated from previously and earned his master’s degree in business administration. The time Manny spent in school did not go without complaint. He stated, I became impatient with the academic world and was eager to become a man of affairs and go into business.
Manny Villar Business
Upon receiving his bachelor’s degree, Villar began his professional career as an accountant at Sycip, Gorres, Velayo & Co. (SGV & Co). He resigned from SGV & Co. to start his first company.
In 1975, he purchased a reconditioned truck and delivered gravel and sand for construction companies in Las Piñas. In the photograph, the Villars are posing next to their restored truck (above) and a Camella mid-range housing project in Bulacan, north of Manila.
- Villar founded Prime Water in the 1980s to operate and maintain water distribution systems throughout the country.
- In 1984, he founded Golden Haven Memorial Park, a chain of cemeteries in the Philippines with their first branch in Las Piñas and branches that have expanded in Cebu, Cagayan de Oro Zamboanga, Bulacan, and Iloilo.
- In July 1995, Villar’s flagship property, C&P Homes, was listed on the Philippine Stock Exchange, increasing Villar’s share of the company to 80%. As a result, his stake in the business grew to $1.5 billion.
Manuel Villar Real estate has retained his status as the richest Filipino on the 2022 Forbes World’s Billionaires List. Nineteen of his compatriots also made a list. He also comes in 5 successful entrepreneurs in the Philippines list.
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