Luis Virata Net Worth is
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Leonides Sarao Virata (April 22, 1918 - July 14, 1976) was one of the most respected economists in the Philippines. During his lifetime, he served as executive officer of various government and private companies in the country. He was appointed the Secretary of the Department of Commerce and Industry from 1969-1970 and then Chairman of the Development Bank of the Philippines from 1970 till his death in 1976. He hailed from the city of Imus in Cavite province.

Leonides Sarao Virata was born in Brgy. Medicion II in Imus, Cavite on April 22, 1918. According to family members, the original family name was Bautista. Sometime during the 1896 Philippine revolution, a forebear changed the surname to Virata, taking the name of the character King Virata from the Indian epic Mahabharata. His elder half-brother, Dr. Enrique Topacio Virata (who married Leonor Aguinaldo, daughter of Gen. Baldomero Aguinaldo) was the father of Cesar Virata, the former Prime Minister of the Philippines. Virata was also a relative of Leonardo S. Sarao, an automotive designer and founder of Sarao Motors, the maker of jeepneys known internationally as a symbol of Filipino culture.
Virata obtained his Law degree in 1940 and Business Administration degree, cum laude, in 1941, both courses from the University of the Philippines. He did graduate work at the Harvard University, the University of Chicago, and Northwestern University.
Virata was in the United States when the Philippine Commonwealth was evacuated to America because of the raging war in the Pacific. From 1946 to 1948, he worked as an officer of the Philippine Embassy in the US. After the war, the task of directing the economic research of the newly organized Central Bank of the Philippines in 1949 fell on him. Subsequently, he was appointed as the bank???s deputy governor and later, as a member of the Monetary Board. In various United Nations conferences on finance, trade, industry and economics; Virata served in different cap

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Luis Virata Latest News

Furniture treasures to be auctioned

Virata's children, Luis and Giovanna, as well as her daughter-in-law Elizabeth also contributed to the collection. Christie's billed it as the "most significant collection of Asian art" for the pieces' ownership histories and the rarity of the items.
Posted: February 21, 2017, 11:26 pm

Early detection a game changer in battling breast cancer

Virata called a close friend who works as an obstetrician-gynecologist in the United States. The next call was to husband Luis “Buboy” Virata who immediately wanted to be with her as she underwent a needle biopsy. She told her husband to stay put.
Posted: September 19, 2016, 5:00 pm

Henry Sy still Phl’s richest

The Forbes Philippines Rich List 2016, released yesterday, counted the country’s 50 richest individuals and families, with Sy in top spot and Nickel Asia’s Luis Virata at 50th, with a net worth of $145 million, the minimum amount required for one to ...
Posted: August 25, 2016, 5:31 pm
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