Bro. Mike

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About Me: Born in Caramoran, Catanduanes , he attended University of the East, Manila where he received a degree in geodetic engineering . With a company bonus, he started buying land and developing residential subdivision s south of the city. He did well until 1983, when political turmoil sent the Philippine economy into a tailspin and went bankrupt. By 1986 his debts, which he had used to finance land purchases, had grown to $8 million. After a recovery from a heart ailment in 1978, he started a weekly Bible-quoti ng radio show on DWXI, a station he acquired in 1982 as part of a real estate deal. He then held monthly prayer rallies outside the vicinity of the radio station. Since then, his church has grown rapidly.

Velarde&rsq uo;s son Rene Velarde representin g the Buhay party, is the richest party-list congressman with a net worth of P30.9 million.