John Gokongwei Net Worth is
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John L. Gokongwei, Jr. (traditional Chinese: ??????? 1/4 ?; simplified Chinese: ??????? 3/4 ?; pinyin: W?? Y??hu?<<; Pe??h-??e-j?<<: G???? E??k-hui; born August 11, 1926 in Gulangyu, Xiamen, Fujian Province, China is a Chinese Filipino businessman with holdings in telecommunications, financial services, petrochemicals, power generation, aviation and live stock farming. As of 2012, Gokongwei is the third richest entrepreneur in the Philippines with a networth of $4.2 billion, ranking behind only to Henry Sy and Lucio Tan.


He is the chairman of JG Summit Holdings, one of largest conglomerates in the Philippines. In 2005, his company spent $700 million of internally generated funds which was used to buy new aircraft for his airline, Cebu Pacific Air. From 2003 up to the present his telecom company Digital Telecommunications Philippines spent nearly $800 million for its mobile carrier, Sun Cellular which is the 3rd largest mobile operator in the Philippines as of 2008. He attempted a $1 billion takeover of UIC, a property giant from Singapore of which he owned in excess of 30%. UIC controls Singapore Land, one of the biggest property landlord in Singapore. Gokongwei also owns Universal Robina Corporation, one of the largest manufacturer of snacks in the Philippines. He also controls Robinsons Land one of the biggest property developers in the Philippines which also operates a chain of malls.
John Gokongwei was born into a wealthy Cebu-based family, originally from China's Fujian province. The family fortune was lost when his affluent father died. John was 13 years old at this time. He initially supported his family by peddling items along the streets of Cebu from his bicycle. From the age of 17 to 19, he traded using a wooden boat, taking items to Lucena by sea, and thence to Manila by truck. After the Second World War, he started his own company called Amasia, which imported textile remnants, fruit, old newspapers, magazines, and used clothing from the US

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John Gokongwei Latest News

Gokongwei foundation highlights role of education in PHL’s industrialization

In Photo: GBF Founder and Chairman John L. Gokongwei Jr. says the foundation will remain committed to improving education in the Philippines in the years to come. Gokongwei Brothers Foundation (GBF) is celebrating its 25th anniversary with a firm ...
Posted: December 16, 2017, 4:14 am

JG Summit scales new peak with fintech

JG Summit Holdings, a leading conglomerate founded in 1957 by John Gokongwei, has been continuing its expansion spree in Asean and beyond. The group budgeted 48.2 billion pesos (S$1.3 billion) for capital spending this year to expand its pioneering ...
Posted: September 18, 2017, 1:00 pm

Tom tells public 5 thousand jobs lost in failed P18B SRP project

This Friday morning, the Team Rama city council BLOCKED it. Their reasons range from ‘there are better deals to be made’ to ‘John Gokongwei is not qualified’,” reads a portion of his Facebook post. His post got over 8,200 reactions and shared ...
Posted: May 12, 2018, 9:37 pm
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