John Gokongwei

Description: (Filipino Businessman, Investor, Founder and Chairman of ‘JG Summit Holdings, Inc’)

John Gokongwei was a Filipino billionaire businessman and philanthropist, best known as the founder and former chairman of JG Summit. He built a massive empire consisting of businesses in sectors such as food, beverage, clothing, aviation, telecommunications, banking, energy, petrochemicals, and livestock farming. Though he belonged to an affluent trading family, he lost all his wealth after his father’s death. Thus, in his teens, he began trading on the streets of Cebu. He launched his first company, Amasia Trading, in 1946. Initially, he dealt in second-hand goods imported from the U.S., but after his family joined in, he started dealing in beverages and cigarettes, too. Eventually, his company launched several businesses, including Universal Corn Products (now Universal Robina Corporation), Consolidated Food Corporation (later CFC Corporation), JG Summit Holdings, Cebu Pacific Air, Digital Telecommunications Philippines, and Robinsons Retail. He also donated to various educational institutes and was the third-richest man in his country at the time of his death. John died in 2019. His businesses are now managed by his six children and his brother, James.

Overview

Birthday August 11, 1926 (Leo)
Born In China
Alternative names John Robinson Lim Gokongwei Jr.
Died on November 9, 2019
Spouse/Ex- Elizabeth Yu (m. 1958)
Parents John Gokongwei, Sr. (Go Kong Wei)
Juanita Márquez Lim
Children Faith Gokongwei, Hope Gokongwei, Lance Gokongwei, Lisa Gokongwei, Marcia Gokongwei, Robina Gokongwei
Relatives Henry Go, James L. Go, Johnson Go, Lily Ngochua

Did you know

What companies did John Gokongwei start? John Gokongwei started JG Summit Holdings, Robinsons Land Corporation, and Universal Robina Corporation, among others.
How did John Gokongwei become successful? John Gokongwei became successful through hard work, perseverance, innovation, and strategic investments in various industries.
What is John Gokongwei's impact on the Philippine economy? John Gokongwei played a significant role in the Philippine economy by creating jobs, contributing to economic growth, and pioneering successful businesses in various sectors.
What is John Gokongwei's business philosophy? John Gokongwei's business philosophy focused on innovation, adaptability, and a strong work ethic, emphasizing the importance of being customer-centric and forward-thinking.
What is John Gokongwei's legacy in the business world? John Gokongwei's legacy in the business world is characterized by his entrepreneurial spirit, vision, and ability to build successful, diversified business empires that have made a lasting impact on the industry.
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