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As an accomplished politician and businessman, Bayani Fernando garnered a commendable sum. So, what is Bayani Fernando net worth in 2023?
Bayani Fernando was a renowned politician, engineer, and businessman.
The Filipino politician was also a visionary, a leader, and a trailblazer who transformed Marikina City and Metro Manila with his innovative urban development projects.
Fernando served as the 1st congressional district’s congressman from 2016 to 20221. He is also the former mayor of Marikina City
The mechanical engineer was also the former chairman of the MMDA ( Metropolitan Manila Development Authority) in the past.
He is well-known for his urban development projects and his outgoing attitude. In the 2010 elections, he ran for vice president but was defeated by Jejomar Binay.
Apart from his political ventures, the engineer was also the founder of BF Corporation, a construction firm that has worked on numerous infrastructure projects in the Philippines.
With a long and remarkable career, the late politician has garnered a considerable sum throughout his career. Here are the details on the former Marikina City mayor’s fortune.
Bayani Fernando Net Worth 2023: Salary And Career Earning
Based on his declared wealth as a member of the House of Representatives in 2018, he had a net worth of P748 million. This is equivalent to about $15.6 million as of September 2023.
Bayani Fernando’s net worth in 2023 is not publicly disclosed. However, his net worth must have increased significantly in the past few years.
According to iMoney, an individual working as a city mayor in the Phillippines earns between ₱185,695 – ₱207,97 ($3,270.83 – $3,664.34) as their average monthly income.
This given range is equivalent to equivalent to ₱2,228,340 – ₱2,495,736 ($39,250.00 – $43,972.08) per year.
According to the Salary Standardization Law V, this is the estimated salary for a city mayor in the Philippines by the end of 2023.
As mentioned above, he is also the founder of BF Corporation, a construction company that has been involved in various infrastructure projects in the Philippines.
Earning from his firm must have contributed to his net worth. Apart from these, the politician might have other sources of income that are not reported.
Bayani Fernando Career Achievements
Bayani Fernando was a mechanical engineer and the founder of BF Corporation, a Philippine construction company. From 1992 to 2001, the politician was the mayor of Marikina City.
He made the city a model of cleanliness, orderliness, and discipline. The former mayor oversaw numerous urban development initiatives and improved public services in the city.
Fernando served as the MMDA’s chairman from 2002 to 2009, overseeing Metro Manila’s planning, development, and regulation.
He launched various projects to address the city’s traffic, flooding, waste, and pollution issues. He also imposed harsh discipline and standards on MMDA employees and the general public.
Moreover, Bayani ran for vice president in 2010 as Gilbert Teodoro’s running mate but lost to Jejomar Binay.
He ran on the promise of completing the urban development and good governance changes he began as mayor and MMDA chairman.
From 2016 to 2022, the wealthy Filipino businessman represented Marikina’s 1st congressional district.
Several bills on public works, transportation, education, health, the environment, and municipal governance were authored or co-authored by him.
He also proposed establishing a Department of Disaster Resilience and a Metro Manila metro system.
To conclude, Bayani Fernando was a visionary leader, politician, businessman, and mechanical engineer who achieved immense fame and fortune.