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| George Ty |
Net worth: $1.1 billion
Age: 78
Marital Status: Married
Children: 5
George S.K. Ty is a Chinese Filipino finance tycoon. He founded Metropolitan Bank and Trust Company, currently the second largest bank in terms of Assets and Capital in thePhilippines. He also has stakes in the Bank of the Philippine Islands and Philippine Savings Bank, a Metrobank subsidiary. George Ty was the owner of the G.T. International Tower in Makati. He used to be a billionaire where he once had a networth of $2.2 Billion back in 1998.
His Metrobank, country’s second-largest lender, posted record profits of $195 million in 2010. Self-starter founded bank in his 20s, stepped down as chairman in 2006 in favor of son Arthur. Group’s power unit began operating new coal-fired power plant in April. Real estate arm Federal Land plans to build $300 million hotel in Manila.
His Metrobank, country’s second-largest lender, posted record profits of $195 million in 2010. Self-starter founded bank in his 20s, stepped down as chairman in 2006 in favor of son Arthur. Group’s power unit began operating new coal-fired power plant in April. Real estate arm Federal Land plans to build $300 million hotel in Manila.
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