Peddling items along the streets of Cebu from his bicycle, 5th Richest Man of the Philippines

He initially supported his family by peddling items along the streets of Cebu from his bicycle.
OMG! This is one of the amazing stories to tell the world.
A street vendor made his way to billions and now the 5th richest man in the Philippines.

John Gokongwei, Jr.
Net Worth: $4.9 Billion
As of August 2014

Age 87
Source Of Wealth: Diversified
Residence: Manila, Philippines
Citizenship: Philippines
Marital Status: Married
Children 6
Education: La Salle College

Prosperity abounds at conglomerate, JG Summit Holdings, which he founded. Stock is at record highs. Another part of fortune in Robinsons Retail Holdings (department stores, supermarkets); it went public in largest Filipino IPO last year. Also has stakes in airliner Cebu Pacific, food, beverages and land.

Source: Forbes

He is the chairman of JG Summit Holdings, one of largest conglomerates in the Philippines. In 2005, his company spent $700 million of internally generated funds which was used to buy new aircraft for his airline, Cebu Pacific Air. From 2003 up to the present his telecom company Digital Telecommunications Philippines spent nearly $800 million for its mobile carrier, Sun Cellular which is the 3rd largest mobile operator in the Philippines as of 2008. He attempted a $1 billion takeover of UIC, a property giant from Singapore of which he owned in excess of 30%. UIC controls Singapore Land, one of the biggest property landlord in Singapore. Gokongwei also owns Universal Robina Corporation, one of the largest manufacturer of snacks in the Philippines. He also controls Robinsons Land one of the biggest property developers in the Philippines which also operates a chain of malls.

Source: Wikipedia