Filipino tycoons pass on, signal changing of the guard

ABS-CBN News

Posted at Nov 11 2019 04:37 PM

MANILA -- Some of the tycoons who built the Philippines' largest businesses have passed on, leaving their heirs in charge of their respective enterprises. 

Here is a list of taipans who passed on in the last 2 years:

JOHN GOKONGWEI JR

The founder of JG Summit Holdings and Universal Robina Corp passed away on Nov. 9, 2019 He was 93. His eponymous holding firm, JG Summit, controls Cebu Pacific, Robinsons Malls and Universal Robina. Handout

HENRY SY SR

The 94-year-old founder of shopping mall culture in the Philippines passed away last Jan. 19, 2019. He was Forbes' richest man in the Philippines before his death. Aside from SM Supermalls, his family also controls BDO Unibank. Handout

GEORGE TY

Metrobank founder George Ty passed away on Nov. 23, 2018. He was 86. His holding company GT Capital has interests in real estate, infrastructure, banking and automotive including Toyota Philippines. Handout

MARIANO QUE

Mercury Drug Corp. founder Mariano Que passed away at age 96 on April 15, 2017. Mercury Drug, the country's largest drugstore chain, first opened in 1945. Mercury Drug's Facebook Page