I never wanted to be a billionaire, even if I am now about to become one and not just by sheer accident. Θ
Despite the travails of becoming and maintaining the status of billionaire, I think that I’ll really like being rich a lot.
Now I so love the song “I wanna be a billionaire” by Travie McCoy and Bruno Mars.
You think that it’s easy to be a billionaire? Think again. It’s hard and it’s a harsh world out there for rich girls like me.
This June the world renowned publisher of The World’s Richest — Forbes Magazine named tycoon Lucio Tan as the richest Filipino billionaire. He is one of the four top spenders in philanthropy in the Philippines. Notwithstanding this, workers in his Philippine Air Lines (PAL) have partly caused economic shortfalls in the accounting of the airline. PAL’s statements are in the red. In the past the past year alone, PAL posted actual losses of US$10,000,000.
The PAL employees’ union would not believe that this billionaire will suffer if their group and their backers will paralyze his airline, and that is precisely what they did in September 27 this year. They also believe that the man will pay them huge indemnity once they win in court cases filed left and right with lower Courts and the Supreme Court itself. After all, if the public suffers along with the airline owner, that becomes the lookout of the owner and does not diminish their goodwill with the devils in hell.
In spite of these challenges, Tan sent tens of tons of cargo made of 700,000 bottles of water to victims of the earthquake and tsunami in Japan in March this year. The Tan Yan Kee Foundation, named after his father, has undertaken projects in Northern Luzon to build providing freshwater basins that will improve water quality in that region.
Tan’s charity foundation has built the first ever library for Fil-Chinese students in the country and sent thousands of them to Xiamen City, Fujian Province in Mainland China to study culture, language and experience being in China.
The foundation also undertook trainors’ training for teachers, medical missions – among other projects. Tan also funded housing projects for the poor.
Like Mr. Tan, Mr. Henry Sy also, on the other hand, despite his advanced age, regularly flies in a helicopter to the far end of Northern Luzon (Aparri). His destination is a huge mansion in a seaside town in that province where a very young recipient of his own charities meets with him.
Other big charity spenders that Forbes cites are RFM President and Chief Executive Jose Concepcion, Planters Development Bank Chairman and Chief Executive Jesus Tambunting, as well as pharmaceutical empire Zuellig Group of Companies founder Stephen Zuellig.
Jose Concepcion, for his part, was cited by Forbes for his project Go Negosyo. This venture helps the poor jumpstart businesses and no less than 230,000 individuals have already been benefited by the project. Concepcion also writes books, the proceeds of which are also given to Go Negosyo.
Forbes’ 40th richest man, Jesus Tambunting, is spending much for charity in education and cultural projects as well as many other Catholic Church-related charities. In 2008, Tambunting was ordained as a Knight Commander with Star of the Equestrian Order of the Holy Sepulchre of Jerusalem.
Tambunting sits as a board member in various foundations and spends generously for housing and relocation of the poor.
Retired Stephen Zuellig and family donated $5 million to public health advocacy. His charities’ mission is to lower infant and maternal mortality rates as well as to improve health care.
Tan, Concepcion, Tambunting and Zuellig are among the Forbes’ list of big charity spenders that include Jackie Chan, Bollywood actor Vivek Oberoi, Tadashi Yanai of Uniqlo and Vincent Tan of Berjaya Group in Malaysia.
Forbes Asia Senior Editor John Koppish says that some of the generous charity givers are big tycoons, billionaires, who nourish a large vision of how best to help society and have donated millions of dollars to back up that vision. Others are little-known citizens who are extremely generous with their limited funds.
Koppish however clarifies that Forbes Magazine’s goal is not to rank the biggest givers. He affirms that the aim is to call attention to a mix of notable people and causes throughout the region, and to encourage more giving.
Whatever Forbes Magazine says, doesn’t matter much to me. whether I’m rich or not, I’m still big on charities anyway. So I reckon, I might not be outspending Messrs. Lucio Tan, Joe Concepcion, Jess Tambunting and Steve Zuellig, but at least I’m not manhid. Surely, when I get to hold my first billion, all the gates will be opened to my beneficiaries of charities.
The first in the list are autistic children.
The second in the list are the homeless.
The third in the list are Muslims who cannot have potable water or even simple bathing water when they believe in a faith that is based on cleansing rituals using a lot of water! OMG! After I told the government this fact, I was not surprised to find in Jolo, Sulu and Tawi-Tawi that the United States of America Embassy went out of its way to build water systems for our brother Muslims in the South! Good job! I salute your efforts and will follow after your work when I get my billions.
The last but not the least in my list of beneficiaries are the down trodden people of uncertain gender and who cannot decide what they will do with their lives. I don’t know what to do with them yet, but I’ll figure that out. Counseling, livelihood, whatever. Basta! It’s easier when I am sitting on my billions and spending them for my favorite pastimes.
You will find below, Forbes Asia’s list of richest men and women in the Asian region.
The Forbes List – Top 10 Asian Billionaires
Mukesh Ambani
$29 billion
India
Global ambitions: His Reliance Industries, already India’s most valuable company, recently bid $2 billion for 65% stake in troubled Canadian oil sands outfit Value Creation. Firm’s $14.5 billion offer to buy bankrupt petrochemicals maker LyondellBasell was rejected.
Lakshmi Mittal
$28.7 billion
India
London’s richest resident oversees ArcelorMittal, world’s largest steel maker. Net profits fell 75% in 2009. Mittal took 12% pay cut but improved outlook pushed stock up one-third in past year. Looking to expand in his native India; wants to build steel mills in Jharkhad and Orissa but has not received government approval.
Li Ka-shing
$21 billion
Hong Kong
Betting on recovery, upped stakes in publicly traded conglomerates Cheung Kong and Hutchison Whampoa. Through HW, Li is world’s largest operator of container terminals, world’s largest health and beauty retailer by number of outlets, a major supplier of electricity to Hong Kong and a real estate developer. Has a large holding in Canadian oil firm Husky Energy, which recently announced its third discovery in South China Sea.
Lee Shau Kee
$18. 5 billion
Hong Kong
Lee’s wealth rebounded, thanks in part to doubling of share price of Henderson Land Development, the property firm he founded and still heads. Active investor in China, has stakes in such outperfomers as PetroChina, China Shenhua Energy and China Life. Chairman of Hong Kong & China Gas, which distributes gas in more than 90 cities.
Azim Premji
$17 billion
India
Software czar chairs $5.5 billion (revenues) Wipro, country’s third-largest software exporter. Reported jump in net profits in last 2 quarters, signaling a rebound for U.S.-dependent outsourcing giant.
Kwok family
$17 billion
Hong Kong
Family behind one of Hong Kong’s most storied real estate firms has benefited from rebound in property prices. Eldest brother Walter, who stepped down from 18-year chairmanship of Sun Hung Kai Properties in May 2008 after disputing with his 2 younger siblings, Raymond and Thomas, dropped his lawsuit alleging improper dismissal; he is now a nonexecutive director.
Robert Kuok
$14.5 billion
Malaysia
Onetime rice and sugar trader heads multinational Kuok Group, with interests ranging from shipping to real estate to media. In 2007 merged extensive Malaysian, Indonesian palm oil interests with Singapore’s Wilmar International, run by his nephew; now his most valuable holding.
Anil Ambani
$13.7 billion
India
Estranged brother of Asia’s richest person, Mukesh Ambani, oversees Reliance Anil Dhirubhai Ambani Group, which has interests in telecom, infrastructure and entertainment. His Reliance Power plans to build 13 power plants for $25 billion by 2014. Infrastructure arm is investing $5 billion in new roads and metro systems to be completed by 2012. His entertainment unit has committed $825 million to Steven Spielberg’s DreamWorks Studios to co-produce films.
Shashi & Ravi Ruia
$13 billion
India
Brothers’ $15 billion (revenues) Essar Group has weathered downturn and embarked on an expansion drive in all its businesses, including steel, oil and power. As part of global push, refiner Essar Oil bought 50% in Kenya Petroleum Refineries and is negotiating with Royal Dutch Shell to acquire 3 refineries with a total capacity of 25 million tons.
Savitri Jindal
$12.2 billion
India
Nonexecutive chair of the O.P. Jindal Group, a steel and power conglomerate founded by her late husband, Om Prakash Jindal, in 1952. Took over as group head after he died in a helicopter crash in 2005. In his lifetime, patriarch had handed down operations to their 4 sons, Prithviraj, Sajjan, Ratan and Naveen, who today run their independent units.
Among the Forbes-listed Philippines’ billionaires:
Henry Sy, 86, SM shopping malls — $7.2 billion
Lucio Tan, 77, Fortune Tobacco, Asia Brewery and former crony of late President Ferdinand Marcos — $2.8 billion
John Gokongwei, 83, Cebu Pacific — $2.4 billion.
Andrew Tan, 58, Property developer, $2 billion
David Consunji, 90, construction magnate, $1.9 billion
Jaime Zobel de Ayala, 77, former Chair Ayala Corp., $1.7 billion
Enrique Razon, 51, port operator, $1.6 billion
Eduardo “Danding” Cojuangco Jr., 76, San Miguel Corp. chairman, $1.4 billion
Roberto Ongpin, 74, former Finance Minister, gold mining — $1.3 billion
George Ty, 78, Metro Bank founder, $1.1 billion
Tony Tan Caktiong, 58, Jollibee hamburger restaurant chain, $1 billion
The Forbes Philippine Multimillionaires:
Inigo & Mercedes Zobel, $980 million
Emilio Yap, 85, $930 million
Andrew Gotianun¸ 83, $795 million
Jon Ramon Aboitiz, 62, $760 million
Beatrice Campos, $685 million
Manuel Villar, 61, $620 million
Vivian Que Azcona, $555 million
Robert Coyiuto Jr., 58, $400 million
Mariano Tan, $375 million
Alfonso Yuchengco, 88, $370
Enrique Aboitiz, 89, $310
Oscar Lopez, 81, $280
Jose Antonio, 64, $245
Eric Recto, 48, $200
Gilberto Duavit, 76, $190
Menardo Jimenez, 79, $185
Alfredo Ramos, 67, $180
Betty Ang, $165
Felipe Gozon, $163
Tomas Alcantara, 65, $160
Benjamin Romualdez, 81, $155
Wilfred Uytengsu Jr., 49, $150
Manuel Zamora Jr., 71, $145
Jacinto Ng Sr., $115
Frederick Dy, 56, $110
Luis Virata, 57, $100
Bienvenido Tantoco Sr., 90, $95
Eugenio Lopez III, 59,$90
Edgar Sia II, $85
Number 29 in the list of multimillionaires, Edgar Sia, from Bacolod City, a 34, college dropout, founder of chicken-barbecue restaurant chain Mang Inasal (now owned by Jollibee) has $85 million.
When the late Gov. Joseph Marañon was still alive, the family of Edgar Sia invited our group to sell them a property that their mall sits upon. They were willing to pay the handsome sum of P600 million just for the real estate to have the last and final claim to the hotly contested property.
I’m still hoping our deal will push through along with the rest we are pursuing, it might help hasten my becoming a big spender and a Forbes-listed Philippine billionaire. God knows by that time, I’ll be changing my marching song “I Wanna Be A Billionaire” to Agnetha Faltskog’s popular “It’s So Nice To Be Rich”!
Who can say?
Agnetha is one of the members of the song group ABBA.
Posted in Billionaire, Forbes Magazine, World's Richest
Tags: airline, Bacolod, banking, charity, economics, Edgar Sia, Go Negosyo, Jaime Zobel de Ayala, Jesus Tambunting, Jose Concepcion, Lucio Tan, PAL Foundation, PAL union, PALEA, Philippine Air Lines, rich, Stephen Zuellig, stocks, Tan Yan Kee Foundation
Of hearts and minds speaking