Net Worth: $1 Billion
As of August 2014
Age 70
Source Of Wealth: Diversified, Self Made
Residence: Philippines
Citizenship: Philippines
Marital Status: Married
Children: 3
Skyrockets up the list to billionaires' club after additional insight on fortune. Executed a backdoor listing of Macay Holdings, a bottling and beverage company, last October. Fortune also in juice maker Zest-O, which Yao founded in 1980. Has a stake in Philippine Business Bank.
Source: Forbes
This man is the Founder of Zest-O Corporation.
Yao became a breadwinner at an early age after his father died when he was only 12 years old. He is the eldest of the six children, being penniless, he started to work to help the family because his mother’s earnings as a sidewalk vendor could not support their needs. He would accompany his mother to Chinese gambling dens to sell. He hardly finished his elementary and high school education but with the help of a relative, he completed it. He went to the Mapua Institute of Technology for college but had to leave after two years. Later on, he was still able to earn his degree in Engineering under the same institute and got his doctorate degree in Business Administration Honoris Causa from the Polytechnic University of the Philippines.
Yao worked hard and did odd jobs such as working in a warehouse of a packaging company. At that time, one of his cousins was working in a printing press and had the chance to visit the work place several times. And there he saw the potential market in the packaging business and decided to invest. It was the birth of Solemar Commercial Press, named after his mother.
Source: Wikipedia
No comments:
Post a Comment