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Kick start your day, June 23: Who is the richest Aquino Cabinet member?

Plus, know about the former Globe executive named as first DICT head.
By Entrepreneur Staff |
MULTIMILLIONAIRE. Outgoing Finance Secretary Cesar Purisima is the richest member of the Aquino cabinet with $6.48 million worth of assets. Photo from World Economic Forum 


Richest, poorest

Outgoing Finance Secretary Cesar Purisima is the richest member of the Aquino cabinet, the latest report of Malacañang Records Office revealed on Wednesday, June 22.



The 2015 statement of assets, liabilities, and net worth (SALN) of the incumbent Cabinet members showed that Purisima’s net worth rose by 6% at P301,328,806 ($6.48 million) for 2015 from his previous year’s record.


Tourism Secretary Ramon Jimenez ranked as the second richest this year with net worth of P289,066,800 ($6.22 million), followed by Health Secretary Janette Garin with P141,571,768.95 ($3.05 million). They are followed by Agriculture Secretary Proceso Alcala who has P92,985,163.41 ($2 million) and Public Works Secretary Rogelio Singson with P88,521,628.40 ($1.9 million).


The poorest and the only Cabinet member who posted a net work less than a million is Education Secretary Armin Luistro with P586,107.11 ($12,625.63), and even then the number is 24.2% higher than his 2014 net worth.


Still, the number is a far lower than Labor Secretary Rosalinda Baldoz’s net worth of P2,269,992.26 ($48.90 million), who emerged as second to the poorest Cabinet member.


However, these findings are without the consideration of the SALNs of Transportation Secretary Jose Emilio Abaya; Foreign Affairs Secretary Jose Rene Almendra; acting Justice Secretary Emmanuel Caparas; Trade Secretary Adrian Cristobal Jr.; and acting National Economic and Development Authority Director General Emmanuel Esguerra as the records office said these Cabinet members failed to submit their reports.





Former Globe Telecom Senior Vice President for Corporate and Regulatory Affairs Rodolfo “Rudy” A. Salalima has been named as the first Department of Information and Communications Technology (DICT), the telecom company reported on June 22.


Related: Department of ICT law signed


Salalima was a former classmate of President-elect Rodrigo Duterte in San Beda Law School where the former finished cum laude.


The former Globe executive worked his way up in the corporate ladder as he started in the company in 1993 and now serves as the president and board director of the Philippine Chamber of Telecommunications Operators, Inc. (PCTO) and Telecoms Infrastructure Corporation of the Philippines (TELICPHIL), respectively. – Elyssa Christine Lopez

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