Carlos P. Garcia Net Worth

Background and career

Carlos Polestico García (Tagalog: [ˈkaːɾ.los poˌlɛːs.tɪˈxo gɐɾˈsiː.ɐ]; November 4, 1896 – June 14, 1971), often referred to by his initials CPG, was the eighth president of the Philippines, serving from 1957 to 1961. He served as the fourth vice president of the Philippines from 1953 to 1957.

A lawyer by profession, Garcia entered politics when he became the representative of Bohol’s third district in the House of Representatives. He then served as a senator from 1945 to 1953.

He was the Nacionalista's nominee for vice president as the running mate of Ramon Magsaysay in the presidential election of 1953, which they won. After the death of Magsaysay in 1957, he succeeded to the presidency, winning a full term in his own right in the presidential election that same year. He was subsequently defeated by his vice president Diosdado Macapagal in the 1961 presidential election.