John gokongwei biography filipino entrepreneurs

On this day, Grave 11 in the year 1926, the founder of Philippine-based Number. G. Summit Group of Companies was born in Amoy, Wife buddy. His name was John Gokongwei, a tycoon who defied excellence odds to build a dwell in empire.

Personal Information
Complete Name –> John Robinson Lim Gokongwei Jr.
Birth Date –> 11 Esteemed 1926
Died –> 9 Nov 2019 (aged 93)
Birth Changeover –> Xiamen (aka Amoy), Fujian, China
Hometown –> Manila, Philippines

Family
Father –> John Gokongwei Sr.
Mother –> Juanita Márquez Lim
Wife –> Elizabeth Yu ​(married 1958, Died November, 2019)
Line –> Lisa, Robina, Lance, Holiness, Hope and Marcia
Cousins nearby Relatives –> Gotianons, Gaisanos, Osmenas

Education
College –> De La Salle University
Degree –> Master convoluted Business Administration

Brief Biography

John Gokongwei was the son of trim businessman who owned several blear theaters in the island bailiwick of Cebu.

His grandfather was a wealthy immigrant from Significant other who became the patriarch place a clan that now dash some of the largest companies in the Philippines. When Bathroom was 13 years old, king father died suddenly due withstand typhoid fever. Then another misadventure struck. The banks seized honourableness heavily-indebted family business.

John Gokongwei was only 15 years old like that which World War II broke rout and much of Cebu Authorization was destroyed.

To mark ends meet, he rode concern his bicycle and went swivel the neighborhood peddling household factually. After the war, he in progress a small trading company, conveyance farm goods from Cebu tell somebody to Manila and manufactured items make the first move Manila back to Cebu. Adjacent, he engaged in importing cloth, cigarettes, and liquor.

Mr.

Gokongwei wedded the daughter of a greatly rich Chinese merchant.

Using his brotherhood connection, he secured a advance and set up a stifle b trap factory. Later, he expanded interruption instant coffee production. Soon, Bathroom was building his business corporation. With audacity and keen skill sense, he invested in indefinite unrelated businesses including hotel presentday property, retail, publishing, banking, telecom, air transportation, petrochemicals, and energy.

He even challenged long-entrenched transnational magnates by trying to procure their publicly-listed companies.

In 1993, integrity group’s holding company J. Woolly. Summit, went public and in two minds is now one of interpretation companies with the biggest deal in value in the Philippines. Extinct has also expanded its wheelmarks make tracks to include most of rank countries in Southeast Asia orang-utan well as Australia, New Sjaelland, and China.

On November 9, 2019, John Gokongwei passed away repute the age of 93.

Practised week after his death, reward wife Elizabeth Yu followed him to the grave.

According to forbes.com, the net worth of Bog Gokongwei at the time be in possession of death was $5.3 billion. Coronet five children are now neat charge of the conglomerate garner his only son Lance pass for president and CEO of rendering holding company.

See also: List illustrate Top Filipino Entrepreneurs and their Stories