From that to Aboitiz Power, Aboitiz Equity Ventures, Union Bank, Pilmico Foods.
Wow! This is another diversified sources of income.
Net Worth: $3.6 Billion
As of August 2014
Source Of Wealth: Diversified
Residence: Philippines
Citizenship: Philippines
Clan of power players, with its Aboitiz Power mulling expansion into Indonesia. Company generates and distributes power. Rest of fortune largely comes from Aboitiz Equity Ventures, with investments in businesses like Filipino UnionBank and flour-and-feed producer Pilmico Foods. The first Aboitizes made money as 19th-century hemp traders. Fortune formerly listed under Enrique and his nephew Jon Ramon, the current chairman.
Source: Forbes
A Filipino businessman, and the president of the Aboitiz & Co., and Aboitiz Equity Ventures Inc., part of the Aboitiz Group.
He started with the Aboitiz Group in 1970, after graduating from the University of Santa Clara, California with a B.S. Commerce, major in Management. From a manager he became its president in 1976 and in 1991 became president of Aboitiz & Co. of the Aboitiz Shipping Corp.
He now holds various positions in the Aboitiz Group, including chairman and chief executive officer (CEO) of Davao Light & Power Co., Inc., chairman of Veco and Aboitiz Jebsen Bulk Transport Corp., and director of Hapag-Lloyd Phils., Cotabato Ice Plant Inc. and Bukidnon Hydropower Corp.
Aboitiz also serves as trustee of the Ramon Aboitiz Foundation Inc., the Aboitiz Group Foundation Inc. and the Association of Philippine Foundations, and is a member of the Board of Advisors, Washington Sycip Policy Forum at the Asian Institute of Management.
Source: Wikipedia
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