Janet Lim-Napoles is Forbes’ First Filipino Bajillionaire Posted on August 10, 2013 Manila, Philippines — Alleged coal trader and JLN Corp. president and CEO Janet Lim – Napoles is the richest Filipino, according to Forbes Magazine’s 2013 Global Bajillionaires’ list. “Topping the list for the first time is Janet Lim-Napoles. Her net worth is $100 billion to ∞ (infinity), as shares of her company, JLN Corp. coming from the Priority Development Assistance Fund (PDAF) or Pork Barrel allocations reported record profits of over $100 million in 2012,” Forbes said in a statement. “This list was compiled using common arithmetic equations of division, addition and multiplication (in that order) and financial information obtained from the people close to the family, blog comments, analysts and other sources,” it said. According to the magazine, bajillion is defined as a number far greater than the normal amount; a concept, like infinity. Napoles, the sole entry on the prestigious list, would soon be hopefully joined by others, if and when the authorities’ investigation produces any concrete result. “It won’t be long before she is joined by other private individuals, elected officials or other corrupt entities that have amassed huge sum of tax-payer’s money for their own sake,” said Forbes’ Associate Editor Bryan Farman. He added, ”With all due respect, no matter what President Aquino says, a bajillion does NOT pale in comparison to the fertilizer fund scam or the NBN-ZTE deal.” Para mo na ring sinabi na ang kasalukuyang administrasyon mo ay ‘medyo mas matuwid lang ang daan’ kumpara sa nakaraang administrasyon (It’s like saying that your current administration is just a little bit credible, than the last),” added SWN resident political analyst Ramon Christopher Ching. Forbes Magazine decided to make a new list after the Bureau of Internal Revenue (BIR) announced that they will conduct a thorough investigation on Napoles. “It would be a no-brainer for a magazine like us not to feature an individual who’s as filthy rich as her,” said Farman. No word yet whether Janet Lim-Napoles, alongside her attorney Lorna Hapunan will hold another press conference or grant another interview to highlight this latest development/achievement.
Posted on: Wed, 21 Aug 2013 18:29:57 +0000
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