What is John Gokongwei known for?
John Gokongwei Jr. died in November 2019 at the age of 93. He was the third-richest person in the Philippines. He was the founder of JG Summit which has interests in airlines, telecom, banking, food, power, and property.
Why did John Gokongwei put up his business?
Gokongwei focused on the post-war trade, traveling to the United States to buy materials and selling them at a high profit in Manila and the Visayas. He and his siblings put up American-Asia Trading. The business earned them enough cash to bring the rest of the family back to the Philippines from China.
What company does Mr John Gokongwei own?
John Gokongwei Jr. was one of the richest businessmen in the Philippines. The Filipino entrepreneur and industrailist founded JG Summit Holdings Inc., one of the country’s biggest and most highly diversified business conglomerates in the country today. PHOTO/S: File / JG Summit Holdings, Inc.
Who is the owner of JG Summit?
John Gokongwei’s
JG Summit Holdings is the umbrellas company for Filipino-Chinese tycoon John Gokongwei’s business ventures. Gonkongwei was the Philippines’ fifth-richest man in 2013, according to media outlet Forbes.
What is the net worth of John Gokongwei?
2017
| # | Name | Net worth (USD) |
|---|---|---|
| 1 | Henry Sy | $13.7 billion |
| 2 | John Gokongwei | $6.8 billion |
| 3 | Aboitiz Family | $5 billion |
| 4 | Lucio Tan | $4.9 billion |
What is the business of Gokongwei?
Gokongwei built JGSHI, the Philippines’ second-largest family-run business, from a modest trading business he ran on a bicycle in his native Cebu, after his father died, during the Japanese occupation that began in 1942.
Where did Gokongwei studied?
University of Pennsylvania
De La Salle University ManilaHarvard Business SchoolUniversity of San Carlos – Talamban Campus
John Gokongwei/Education
Who is John Gokongwei what is his ethnicity?
Filipino
John Gokongwei
| John Gokongwei, Jr. | |
|---|---|
| 吳奕輝 | |
| Born | John Lim Gokongwei, Jr.11 August 1926 Xiamen, Republic of China |
| Died | 9 November 2019 (aged 93) Manila, Philippines |
| Nationality | Filipino |
Why is JG Summit Holding successful?
From offering the first locally made branded snacks to presenting a wide array of value-for-money lifestyle choices, his unparalleled entrepreneurial vision was the driving force behind JG Summit’s rise, enabling it to becoming one of the largest and most highly diversified business conglomerates in the country.
Is JG Summit Holdings a global corporation?
Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated on November 23, 1990, JG Summit Holdings was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia….JG Summit Holdings.
| Type | Public |
|---|---|
| Revenue | ₱221.64 billion PHP (2020) |
| Net income | -₱468.16 million PHP (2020) |
Who is the most rich person in the Philippines?
10 richest Filipinos on 2021 Forbes list
- ENRIQUE RAZON JR: $5.8 billion.
- LANCE GOKONGWEI & SIBLINGS: $4 billion.
- AYALA: $3.3 billion.
- UY COUPLE: $2.8 billion.
- TONY TAN CAKTIONG: $2.7 billion.
- ANDREW TAN: $2.6 billion.
- RAMON ANG: $2.3 billion.
- TY SIBLINGS: $2.2 billion.
Who is John Gokongwei and what does he do?
John L. Gokongwei Jr. ( traditional Chinese: 吳奕輝; simplified Chinese: 吴奕辉; pinyin: Wú Yìhuī; Pe̍h-ōe-jī: Gô͘ E̍k-hui; is a Filipino billionaire businessman, and philanthropist. He has holdings in telecommunications, financial services, petrochemicals, power generation, aviation, food, beverage, and livestock farming.
How many children does John Gokongwei Jr have?
His businesses are now managed by his six children and his brother, James. John Robinson Lim Gokongwei Jr. was born on August 11, 1926, in Xiamen, Gulangyu Subdistrict, Republic of China, to John Gokongwei, Sr. (Go Kong Wei) and Juanita Márquez Lim. He grew up with his four siblings, James, Henry, Johnson, and Lily Ngochua.
Who are the members of the Gokongwei family?
The Gokongwei family controls over $20 billion of combined market capitalization for all the companies they own. In February 2008, Forbes Asia magazine’s first Heroes of Philanthropy list included four Filipinos – Gokongwei, Jaime Zobel de Ayala, Ramón del Rosario Jr. and Oscar López.
When did John Gokongwei start Consolidated Food Corporation?
In 1961, he established Consolidated Food Corporation (later known as CFC Corporation, which later merged with Universal Robina Corporation) launched its instant coffee brand Blend 45. In 1977, Gokongwei earned his Master of Business Administration from De La Salle University.