Source of Wealth:Diversified (Yuchengco Group)
Industrialist, certified public accountant, educator, and diplomat in the Philippines,Alfonso Yuchengco has a net worth of $370 million according to Forbes Magazine.
Yuchengco Group, started by his late father, Enrique, as a small insurance firm in 1930, now has more than 60 businesses, including controlling stake in Rizal Commercial Bank, country's fifth-largest bank by assets.In May 2011 he signed a deal with CVC Capital Partners to sell 15% of the bank for $115 million.Alfonso Yuchengco is former ambassador to China, Japan; current ambassador to Germany.
Yuchengco holds a Bachelor of Science in Commerce, major in Accountancy, from the Far Eastern University. He took and passed the licensure examinations for certified public accountants in the Philippines. He attended graduate classes at the Columbia Business School of Columbia University in New York City.He received a Doctor of Business Administration from De La Salle University, and a Doctor of Laws, honoris causa, from Waseda University in Japan.