MANILA, Philippines - Joseph Estrada is the richest mayor in Metro Manila, while Makati Mayor Junjun Binay is among the poorest, according to the Statement of Assets and Liabilities Net Worth (SALN) submitted to the Office of the Ombudsman.
Based on the SALNs of 16 mayors obtained by INQUIRER.net, all of them are multimillionaires with wealth from as low as P3 million (S$86,000) to as high as over P200 million.
Manila Mayor Estrada, former president convicted of plunder and later pardoned, has a wealth of P242.8 million. He has P91 million worth of cash on hand and in the bank.
Estrada also declared three residential houses in Manila, Laguna and Zambales, and an orchard in Laguna. His businesses are in poultry and a fish pen in San Juan City.
The second wealthiest local chief executive is Navotas Mayor John Reynald Tiangco, brother of Navotas Representative Toby Tiangco. He has a net worth of P149.5 million.
Tiangco has four declared residential houses - two in Greenhills, San Juan which were bought for P29 million and P46 million, as well as two in Navotas City costing P2 million each.
Most of his assets are from investment in shares worth P85.9 million. His business interests include stockholder and director in five corporations on fishing, shipyard, aquafarms, among others.
The third richest mayor is Maria Belen Eusebio of Pasig. She has a net worth of P148 million. Most of her assets are from investments worth P51.5 million, as well as inherited land worth almost P53 million.
Eusebio's only relative in government is a brother-in-law serving as councilor in Pasig.
Eusebio is also a stockholder in several realty and development corporations.
Mandaluyong Mayor Benjamin Abalos Jr. is the fourth richest with wealth of P142 million. His cash is worth P26.2 million. Most of his wealth are from real properties such as land units, a beach resort, a condominium unit and a residential house and lot.
The mayor is the son of former Commission on Elections (Comelec) chairman Benjamin Abalos Sr, who was accused of facilitating commissions in the botched NBN-ZTE deal under the Arroyo administration. It was also under Abalos' watch when the Comelec was wracked with election-rigging allegations favouring then president Gloria Macapagal-Arroyo and her senatorial ticket.