Ricky Vargas

Quick Facts

Full Name	Ricky Vargas
Date Of Birth	Feb 24, 1952(1952-02-24)
Age	72
Country	Philippines
Horoscope	Aquarius

Ricky Vargas Biography

Ricky Vargas is one of the most popular and richest Executive who was born on February 24, 1952 in Philippines. Victorico “Ricky” P. Vargas was born February 24, 1952 and served as the 10th President for the Philippine Olympic Committee (POC). He succeeded Jose Cojuangco Jr. during court-ordered elections that were held February 23, 2018, until his resignation on June 18, 2019.

He is also the president of the Association of Boxing Alliances in the Philippines, (ABAP), and the chairman of the Philippine Basketball Association Board of Governors in 2017-18.

The Pasig court later ruled the results of the 2016 elections for the post of president and chairman null and void, said that the commission on elections cannot restrict or qualify the eligibility criteria of being an “active member”, and ordered and election with Vargas and Tolentino as candidates to be held in February 23, 2018. An extraordinary meeting was held in February where the general assembly agreed to hold elections and a commissions on elections was formed which was also led by Francisco Elizalde. Given the latter fact, Vargas and Tolentino anticipated that they will be disqualified again though Elizalde allowed the two to run to avoid being cited in contempt by court despite the election head’s view that the two are ineligible.

The International Olympic Committee has urged Vargas to meet with the board to address the issues raised against him. Vargas convened a meeting with the board on June 18, 2019 where he filed his resignation as president. He was succeeded by First Vice President Joey Romasanta.

Vargas’ organization of games was questioned, particularly the incorporation by the Philippine SEA Games Organizing Committee Foundation (PHISGOC Foundation) as the organizing body for the regional games. This was done without the approval of the POC board. It was believed that the foundation was a different entity from the 2017 ad-hoc committee. Additionally, it was alleged that supplies were overpriced by Asics who is the official outfitter of the athletes for the Philippines at the Southeast Asian Games.

Ricky Vargas Net Worth

Ricky Vargas is one of the richest Executive from Philippines. According to our analysis, Wikipedia, Forbes & Business Insider, Ricky Vargas 's net worth $5 Million. (Last Update: December 11, 2023)

For the 2006-07, 2017-18, and 2019 seasons, he was the Philippine Basketball Association chairman of the Board of Governors. He also served as TNT KaTropa’s team governor and president of Association of Boxing Alliances in the Philippines (NSA for Boxing in the Philippines). He was also Vice Chairman of Samahang Basketbol ng Pilipinas from 2006 to 2016.

Ricky Vargas was first to challenge Jose “Peping” Cojuangco Jr. for the Philippine Olympic Committee President position in 2016. His candidacy and that of Abraham Tolentino, who was running for chairmanship, were rejected by the sport’s body commission for election, which was headed by Francisco Elizalde. They were deemed ineligible because they are not an “active member”. Vargas only attended one general assembly of POC. However, Vargas argued that active membership does not mean physical presence at the general assembly. To allow for dialogue between his camp, and Cojuangco’s, he tried to get the November 2016 elections delayed by the Pasig Regional Court Court. Cojuangco won a fourth term without opposition in the 2016 elections.

Vargas secured a 24–15 victory over Cojuangco for the post of POC President ending the latter’s long tenure. Vargas officially began his term on March 5, 2018 when he took his oath before Philippine President Rodrigo Duterte in the Malacañang Palace. The first board meeting under Vargas’ tenure was held the day after where his predecessor turned over the POC flag to Vargas.

Height, Weight & Body Measurements

Ricky Vargas height Not available right now. Ricky weight Not Known & body measurements will update soon.

Who is Ricky Vargas Dating?

According to our records, Ricky Vargas is possibily single & has not been previously engaged. As of December 1, 2023, Ricky Vargas’s is not dating anyone.

Relationships Record : We have no records of past relationships for Ricky Vargas. You may help us to build the dating records for Ricky Vargas!

Facts & Trivia

Ricky Ranked on the list of most popular Executive. Also ranked in the elit list of famous people born in Philippines. Ricky Vargas celebrates birthday on February 24 of every year.