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Filipino businessman and past president of the Aboitiz & Co., and Aboitiz Equity Ventures Inc., Jon Ramon Aboitiz had an estimated net worth of $125 million.
Shares of flagship Aboitiz Equity Ventures, which he chaired, more than doubled in the year 2010. Aboitiz Power invested $1 billion on new power plants. Brothers Mikel, president of City Savings Bank, and Roberto, president of family's Ramon Aboitiz Foundation, share the fortune. 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.
Earnings & Financial Data
Date |
Category |
Description |
Amount |
---|---|---|---|
2017 |
Asset |
Total assets of the non-stock, non-profit organization Ramon Aboitiz Foundation, Inc. for the year 2017 |
$670,000,000 |
2017 |
Asset |
Investment of the Aboitiz group in the cement business Republic Cement & Building Materials Incorporated |
$300,000,000 |
2016 |
Asset |
Total assets of the non-stock, non-profit organization Ramon Aboitiz Foundation, Inc. for the year 2016 |
$640,000,000 |
2011 |
Asset |
Estimated value of Jon Ramon Aboitiz' 7,792,021 direct and indirect shares in Aboitiz Power Corporation |
$149,160 |
2010 |
Asset |
Estimated capital of the holding firm Aboitiz Equity Ventures |
$1,630,000,000 |