By Bohol Island News Staff | 12:10 November 10, 2019
Business tycoon and philanthropist John L. Gokongwei Jr died Saturday night, November 9. He was 93.
Esquire Philippines, a Gokongwei-owned publication, reported this early Sunday, November 10, quoting a text message from Gokongwei’s only son, Lance.
“Our beloved husband, father and grandfather John Gokongwei, Jr. passed away peacefully 11:41 pm, November 9th, at the Manila Doctor’s Hospital surrounded by his loved ones. Please pray for the repose of his soul. Details of his wake to follow. Rest In Peace, Mr. John,” Esquire Philippines quoted Lance Gokongwei’s message.
According to Forbes, as of Nov. 9, Gokongwei’s net worth was at $5.8 billion.
In Forbes’ list of richest Filipinos in 2019, he was ranked third.
Gokongwei built one of the most diversified conglomerates in the Philippines.
He founded JG Summit, which has interests in air transportation, telecommunications, banking, food, power, and property.
He also founded Robinsons Retail Holdings Incorporated (RRHI), the second largest retailer in the country.