THE 15th Congress will bow out soon, or by June 30, 2013 to be exact.
The newly elected senators, and district and party-list representatives, will convene in July as members of the 16th Congress.
Four re-electionist senators from the 15th, by the latest count of votes, are likely to keep their seats in the 16th. Twelve other senators will serve on until 2016. Just a handful of neophytes will likely be added to the roster of the senators of the 16th.
This early, it would do well for people to know and to fix the baseline data on the wealth of those who will serve in the Senate.
Both the neophytes and the re-elected senators, like all incoming elective officials of the land, are required by law to file their “entry into office” SALN or Statement of Assets, Liabilities, and Net Worth by June 30.
To be sure, the Senate has always been a millionaires’ club.
Political party lines aside, the 23 senators of the 15th Congress are a lot alike in truth.
Financial comfort and steadily rising net worth are two blessings they share, according to the SALNs that they had filed over the years.
Some were born to old money, others had lucrative careers before politics beckoned, and a few own big business enterprises. To the last almost, wealth is the 23 senators’ common bliss.
Check out our latest report on The Wealth of the Senators of the 15th Congress in MoneyPolitics Online.
To know the wealth profiles of all 33 candidates for senator, read:
* THE RE-ELECTIONIST SENATORS:
SALNS bare some, mask other details
* Sidebar:
Wealth + donors + clans = power baseTHE HOUSE’S WANNA-BE SENATORS:
* Propped by rich clans, big donors
* Sidebar:
Sons & daughters* THE WANNA-BE SENATORS AGAIN:
No paupers despite break from politics* The WANNA-BE SENATORS, TOO:
Family wealth, spouses’ assets boost a few newbies