Wednesday, February 1, 2012

No.9 Roberto Ongpin


Roberto Ongpin

                                         2010 Rank: #21 (+12)
                                         Net worth: $1.3 billion
                                         Age: 74
                                         Marital Status: Married
                                         Children: 4


     Roberto V. Ongpin is the 21st richest Filipino ranked by Forbes in 2010 with a listed networth of USD300 million. He was a former Minister of Trade and Minister of Industry during the Marcos administration


     Former minister of trade who studied at Harvard Business School, has investments in property, mining, telecom. Top Frontier, investment firm he has holding in, has been buying up stakes in San Miguel. He also upped stake in mining firm Atok-Big Wedge, reaping big gain. Ongpin says his net worth is no more than $500 million, based on his debt and the share price of Atok-Big Wedge overstating the company’s value.

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