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Chinese Filipino finance tycoon, George Ty had an estimated net worth of $2.8 billion. He founded Metropolitan Bank and Trust Company, currently the largest bank in terms of Assets and Capital in the Philippines. It became the Philippines' second-largest lender, posted record profits of $195 million in 2010.
Self-starter founded bank the in his 20s, stepped down as chairman in 2006 in favor of son Arthur. The group's power unit began operating a new coal-fired power plant in April 2011. His real estate arm, Federal Land, was able to build a $300 million hotel in Manila called Grand Hyatt Manila that opened on January 23, 2018.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2019 |
Earning Turned Donation |
Donation of The Metrobank Foundation, Inc. (MBFI) to CBCP Caritas Filipinas Foundation, Philippine Red Cross, and the Philippine Disaster Resilience Foundation (PDRF) and the GT Foundation, Inc. (GTFI), the Ty family foundation for its school building program and the Tzu Chi Foundation |
$523,200 |
|
2018 |
Asset |
Investment of George Ty's Federal Land in a mixed-used skyscraper located in Bonifacio Global City, Taguig, Metro Manila called Grand Hyatt Manila |
$300,000,000 |
|
2018 |
Asset |
Current value of George Ty's 207,000 equities in GT Capital Holdings Inc (GTCAP) Auto, Truck & Motorcycle Parts |
$3,840,000 |
|
2018 |
Asset |
Current value of George Ty's 17,449,393 equities in Metropolitan Bank & Trust Company (MBT) |
$28,860,000 |
|
2017 |
Asset |
Purchase value of George Ty's holding company, GT Capital Holdings, Incorporated's 15% strategic stake in MPIC |
$570,000,000 |
|
2017 |
Sale of Asset |
Sale of George Ty's holding company, GT Capital Holdings, Incorporated's 56% equity stake in its power unit, Global Business Power Corporation (GBP), to Beacon Electric Asset Holdings, an associate of Pangilinan-led Metro Pacific Investments Corporation (MPIC) |
$420,000,000 |
|
2015 |
Sale of Asset |
Sale of the Ty family's 20% stake in Manila Doctors Hospital to MPIC |
$7,030,000 |
|
2015 |
Others |
Other annual compensation as the co-chairman of Metropolitan Bank & Trust Company |
$970,000 |
|
2015 |
Bonus |
Bonus as the co-chairman of Metropolitan Bank & Trust Company |
$2,490,000 |
|
2015 |
Salary |
Annual salary as the co-chairman of Metropolitan Bank & Trust Company |
$6,160,000 |
|
2014 |
Others |
Other annual compensation as the co-chairman of Metropolitan Bank & Trust Company |
$970,000 |
|
2014 |
Bonus |
Bonus as the co-chairman of Metropolitan Bank & Trust Company |
$2,280,000 |
|
2014 |
Salary |
Annual salary as the co-chairman of Metropolitan Bank & Trust Company |
$5,200,000 |
|
2013 |
Others |
Other annual compensation as the co-chairman of Metropolitan Bank & Trust Company |
$940,000 |
|
2013 |
Bonus |
Bonus as the co-chairman of Metropolitan Bank & Trust Company |
$2,000,000 |
|
2013 |
Salary |
Annual salary as the co-chairman of Metropolitan Bank & Trust Company |
$5,090,000 |