2015 combined net worth of congressmen totals to more than ₱18B

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Metro Manila (CNN Philippines) — The combined net worth of the members of the House of Representatives in 2015 amount to about ₱18.764 billion, enough money to build homes for tens of thousands of typhoon victims or thousands of typhoon-resistant classrooms or funding for millions of conditional cash transfer beneficiaries.

About half of the total belongs to just 10 of the country's wealthiest congressmen according to their 2015 statements of assets, liabilities, and net worth (SALN).

Based on the National Housing Authority’s housing project for Yolanda victims, the total net worth of the House members could build 75,000 “decent homes” for the typhoon survivors.

The same amount could also fund a year of sustenance for at least 12 million families benefitting from the government’s Pantawid Pamilyang Pilipino Program (4P’s), one of the priority anti-poverty programs of the government under President Benigno Aquino III.

With ₱18.7 billion, at least 17,000 typhoon-resistant classrooms could also be built nationwide following the building specifications of the Department of Education.

Richest, poorest

Based on net worth, Sarangani Rep. Emmanuel “Manny” Pacquiao is still the richest congressman, with ₱3.268 billion. The boxing icon has almost doubled his previous year's net worth of ₱1.688 billion.

Second to Pacquiao is Negros Occidental Rep. Julio “Jules” Ledesma IV with ₱1.004 billion.

Speaker Feliciano “Sonny” Belmonte Jr. was the third richest House member with ₱941.65 million, followed by former first lady and now Ilocos Norte Rep. Imelda Marcos with ₱917.8 million.

Rounding up the top 10 richest members of the House of Representatives, according to the summary report of 2015 SALN are Negros Occidential Rep. Alfredo Benitez with ₱880.017 million, couple Emmeline Aglipay-Villar of Diwa Party List and Las Piñas Rep. Mark Villar with combined net worth of ₱689.535 million, Leyte Rep. Martin Romualdez with ₱475.619 million, former president and now Pampanga Rep. Gloria Macapagal-Arroyo with ₱393.915 million, and Rizal Rep. Joel Roy Duavit with ₱302.624 million.

Aglipay is the lone party list representative among the chamber’s 10 richest members. She is married to Villar, the incoming public works secretary and a son of housing magnate and former Sen. Manny Villar.

Also read: SALNs reveal majority of senators richer in 2015

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Anakpawis Party List Rep. Fernando Hicap, remains the “poorest” House member with the lowest net worth amounting to only ₱42,239 — less than half his 2014 net worth of ₱95,572.

Kalinga party list Rep. Abigail Faye Ferriol was second poorest with ₱715,150, followed by Bayan Muna party list Rep. Carlos Zarate with ₱1,124,626.

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Watch: A look at SALNs of 24 senators of 16th Congress