Quick Links
Eric Recto has an estimated net worth of $260 million. He is the nephew of Roberto Ongpin who holds stakes in some of same companies that uncle has stakes in, including mining firm Atok-Big Wedge. He is also the President of investment firm Top Frontier. This former bureaucrat, worked at Sy's Belle Corp. and Wilfred Uytengsu's Alaska Milk. He was able to attend Business school and graduated from Cornell University.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2019 |
Asset |
Estimated value of Eric Recto's 12,734,215 equities in ISM Communications Corporation |
$1,460,000 |
|
2019 |
Asset |
Estimated value of Eric Recto's 52,729,424 equities in Philippine Bank of Communications, Inc. |
$20,260,000 |
|
2018 |
Sale of Asset |
Sale of ISM Communications Corporation's 32.5-percent stake in Acentic GmbH of Germany to businessman Dennis Uy and Singapore-based Accion Common Development Fund |
$48,000,000 |
|
2018 |
Sale of Asset |
Sale of the 45.13-percent stake in ISM Communications Corp., a listed company led by businessman Eric Recto to Dennison Holdings Corp. of Davao City-based businessman Dennis Uy |
$25,000,000 |
|
2013 |
Asset |
Estimated value of Eric Recto's 11.40 million shares, or 0.80 percent, in Philweb Corp. and 433.930 million shares, or 2.65 percent in ISM Communications Inc. |
$110,000,000 |
|
2013 |
Asset |
Purchase value of Eric Recto's 24.3-percent stake in telecommunication company ISM Communications Corp. |
$13,380,000 |
|
2002 |
Earnings |
Total salary and allowances as the Undersecretary of the Department of Finance |
$2,700 |
|
2002 |
Others |
Total allowances as the Undersecretary of the Department of Finance and a board member of the Central Bank Board of Liquidators |
$1,310 |
|
2002 |
Salary |
Basic salary as the Undersecretary of the Department of Finance |
$1,390 |