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Roberto Ongpin is a Filipino businessman who has an estimated net worth of $1.8 billion. This former minister of the trade who studied at Harvard Business School has investments in property, mining, telecom. Top Frontier, an investment firm wherein he has holdings, has been buying up stakes in San Miguel.
He also upped stake in mining firm Atok-Big Wedge, reaping a big gain.
He eventually became the chairman of the high-end property development Alphaland that eventually delisted in 2014 due to a messy split with a U.K. investment group. Ongpin has been building luxury villas on the Balesin Island that has a nearby international airport which he eventually plans to relist. Ongpin was a Philippine trade minister in the past who got accused of insider trading in the year 2009. However, in the year 2017, he was cleared of the charges.
Ongpin initially worked for Procter & Gamble for a couple of years and eventually got an M.B.A. from Harvard before he returned to the Philippines.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2019 |
Asset |
Estimated value of Roberto Ongpin's 1,775,218,805 equities in Atok-Big Wedge Company, Inc. (AB) (Gold) |
$416,710,000 |
|
2019 |
Sale of Asset |
Sale of Roberto Ongpin's North Kitanglad Agricultural Company's 100 million common shares in Atok-Big Wedge to Dennis Uy's Udenna Corporation |
$3,850,000 |
|
2019 |
Sale of Asset |
Selling price of Roberto Ongpin's assets in his Alphaland Southgate Tower property in Makati |
$96,000,000 |
|
2017 |
Sale of Asset |
Sale of Roberto Ongpin's 57% stake in the online-gambling operator PhilWeb |
$360,000,000 |