Quick Info
| Details | |
|---|---|
| Name | John Gokongwei |
| Current Age | 93 (at the time of death) |
| Occupation(s) | Businessman |
| Date of Birth | August 11, 1926 |
| Date of Death | November 9, 2019 |
| Place of Birth | Gulangyu, Xiamen, China |
| Nationality | Filipino |
| Parents | John Gokongwei Sr. and Juanita Marquez-Lerio |
| Spouse | Elizabeth Yu |
| Children | 6 |
| Net Worth (2024) | $5.8 billion |
| Source of Wealth | Various industries including retail, real estate, and telecommunications |
| Ventures | JG Summit Holdings |
| Ethnicity | Chinese-Filipino |
| Notable Works | Transformation of JG Summit Holdings into a conglomerate |
Early Life and Family Background
John Gokongwei, a prominent Filipino business magnate, was born on August 11, 1926, in Gulangyu, Xiamen, China. He was the son of John Gokongwei Sr., a wealthy Chinese trader, and Juanita Marquez-Lerio. At a young age, Gokongwei's family faced financial hardships following the death of his father, which led them to move to the Philippines in search of better opportunities.
Entrepreneurial Journey
Building an Empire
Gokongwei's entrepreneurial spirit emerged early in his life when he started selling goods like soaps, thread, and candles to support his family. In 1957, he founded Universal Robina Corporation, which later became a leading food and beverage company in the Philippines. His business acumen and strategic investments expanded his empire into various industries, including retail, real estate, and telecommunications.
JG Summit Holdings
One of Gokongwei's most significant achievements was the establishment of JG Summit Holdings, a conglomerate that oversees diverse businesses such as airlines, banking, food, property development, and telecommunications. Under his leadership, JG Summit Holdings grew into one of the largest and most successful conglomerates in the Philippines.
Legacy and Impact
John Gokongwei's legacy extends beyond his business ventures. He was known for his philanthropic efforts, supporting various educational initiatives and charitable causes. His vision and leadership have inspired generations of entrepreneurs in the Philippines and across the globe.
Net Worth and Financial Insights
As of 2024, John Gokongwei's net worth is estimated to be $5.8 billion, making him one of the wealthiest individuals in the Philippines. His wealth is derived from his diverse business interests and strategic investments across multiple industries.
References
- "John Gokongwei." Forbes. www.forbes.com
- "John Gokongwei." JG Summit Holdings. www.jgsummit.com.ph
