From P37,722 in 2013, Anakpawis party-list Rep. Fernando Hicap’s net worth rose by nearly three times the following year, thanks to his frugal lifestyle that saw him kicking the smoking habit and scrimping on food.
But with a net worth of P95,572.65, Hicap remains far from becoming a millionaire like most of his colleagues in the House of Representatives. He held the “distinction” of being the poorest of the 290 House members last year when the summary of their Statement of Assets, Liabilities and Net Worth was released.
A check of Hicap’s 2014 SALN showed his total assets were composed of cash in bank amounting to P90,572.65 and home appliances worth P5,000. He has no liabilities, real properties or business interests.
According to the 54-year-old lawmaker, bulk of his P60,000 monthly salary goes to the tuition of his 10 children, three of whom are under 18 years old. He said the savings he accumulated last year were due to cuts in his personal expenses.
“Yung savings ko ay mostly galing sa mas matinding pagtitipid ko sa food. Hindi na rin ako nagyoyosi, di ako bumibili ng mamahaling gamit, at sa mga rally, nakikisalo ako sa kung anong kinakain ng mga dumadalo,” he said.
Despite being a lawmaker, Hicap still lives in a seaside community in Cavite with no title— which explains why he doesn’t have any real properties—and drives around the old Revo service vehicle used by his predecessor Rafael Mariano.
He is one of the first lawmakers, all of which are from the militant Makabayan bloc— to make their SALNs public on the deadline of filing the document for all government employees on April 30.