NO BASIS

A Facebook (FB) video claimed that former president Ferdinand Marcos Sr. is the wealthiest man in the world, with US$987 billion to his name. 

Posted on May 23 by FB page GM TV (created on Oct. 1, 2021), the in-video text read: “Marcos talaga Ang pinaka mayaman sa buong mondo [sic] | Wala na makatalo sa yaman ni Ferdinand Marcos dahil Jan marami na inggit sa kanya (Marcos is really the wealthiest in the world | No one can beat Ferdinand Marcos’ wealth, a lot of people envied him because of that).”

This caption misleadingly implied that Marcos was the most affluent person – dead or alive – in the history of the world, and no one has ever topped his riches, making him the envy of many.

The video has no basis. Marcos was never recognized or named in any list as the “wealthiest person in the world.” Forbes Magazine’s 2022 World Billionaires List named businessman Elon Musk as the richest person in the world, with a net worth of US$219 billion.

While former first lady Imelda Marcos previously claimed in a documentary that an account in a Brussels, Belgium bank in her husband’s name held the $987 billion, there is no evidence to prove or disprove the claim.

Read the full story on VERA Files Fact Check.

VERA Files is a nonstock, nonprofit independent media organization registered with the Securities and Exchange Commission (Company Registration No. CN200808072). Founded in March 2008, it is published by veteran Filipino journalists taking a deeper look into current Philippine issues. Vera is Latin for “true.”

VERA Files was founded by journalists Ellen Tordesillas, Luz Rimban, Booma Cruz, Jennifer Santiago, Yvonne T. Chua and Chit Estella (who passed away in a road crash on May 13, 2011).

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