billionaires - updates

Rappler's latest stories on billionaires


Duterte visits wakes of John Gokongwei, Bong Tan

Nov 12, 2019 - 10:55 AM

President Rodrigo Duterte pays his last respects to tycoon John Gokongwei Jr and PAL Holdings president Lucio 'Bong' Tan Jr

LOOK: President Duterte attended both the wake of John Gokongwei Jr and wake of Lucio “Bong” Tan Jr last night. Malacañang photo

Robina Gokongwei’s funny stories about dad

Nov 12, 2019 - 8:25 AM

From her kidnapping to her wedding day, John Gokongwei's eldest daughter shares some of her most cherished memories of the late tycoon

How John Gokongwei built his empire from selling peanuts

Nov 10, 2019 - 4:55 PM

John Gokongwei Jr was born wealthy, but he had to start from scratch after his family lost what they had. Here's a look back on his journey to becoming one of the most beloved tycoons in the Philippines.

'Exceptional and ideal Filipino': Tributes pour in for John Gokongwei

Nov 10, 2019 - 3:04 PM

'Mr John Gokongwei Jr left a legacy to the Filipino nation and the coming generation worth emulating,' says Presidential Spokesperson Salvador Panelo

'IDEAL FILIPINO.' John Gokongwei Jr named MAP's Management Man of the Year 2017. File Photo by Alecs Ongcal/Rappler

Tycoon John Gokongwei Jr dies, 93

Nov 10, 2019 - 3:38 AM

(UPDATED) John Gokongwei Jr dies surrounded by loved ones at the Manila Doctors Hospital on November 9, 2019, according to his son, Lance Gokongwei

File photo by Jake Verzosa

Billionaire to grads at U.S. black college: I'll pay off your student loans

May 20, 2019 - 8:03 AM

Robert F. Smith, an African-American businessman tells the new graduating class of historically black Morehouse College that he plans to pay off the entirety of their student debt: an estimated $40 million

PAY IT FORWARD. File photo of Robert F. Smith. Photo by Michael Loccisano/Getty Images  North America/AFP

'Nearly a third' of British billionaires moved to tax havens

Mar 07, 2019 - 10:30 PM

The Times newspaper publishes a series of reports detailing allegations of Britain's ultra-rich hiding billions of pounds from the UK Treasury in taxes over the past decade

Image via Shutterstock

21-year-old Kylie Jenner is youngest 'self-made' billionaire

Mar 06, 2019 - 9:54 AM

Kylie Cosmetics is on a roll

BILLIONAIRE. There ain't no stopping Kylie Jenner and her makeup brand. Image from Kylie Jenner's Instagram

Australian billionaire to spend $72M on journalism institute

Nov 28, 2018 - 10:56 PM

'Journalism doesn't just need critics, it needs champions – people and institutions with the resources to help educate, encourage and connect journalists and their audience in pursuit of excellence,' says billionaire Judith Neilson

Malians watch newspapers in a street of Bamako on July 30, 2018 a day after conutry's presidential election.  Mali went to the polls on July 29, 2018, with actual President seeking a second 5-year term in the fragile Sahel state beset by deadly ethnic and jihadist violence. / AFP PHOTO / ISSOUF SANOGO

China leads the way as world's billionaires get richer

Oct 26, 2018 - 5:30 PM

(UPDATED) China minted two new billionaires a week in 2017, says Swiss banking giant UBS and auditors PwC

CHINA'S INTERNET POWERHOUSE. Jack Ma, Robin Li and Pony Ma. Photos from Wikipedia

‘Billionaire Boys Club’ review: Diminishing returns

Jul 23, 2018 - 1:51 PM

'Billionaire Boys Club' is just mediocre fare

#ThewRap: Things you need to know, July 16, 2018

Jul 16, 2018 - 10:27 AM

Hello! Here are the stories you shouldn't miss this Monday

Kylie Jenner, 20, on cusp of billionaire status – Forbes

Jul 12, 2018 - 10:29 AM

Forbes says Kylie Cosmetics has already sold more than $630 million worth of makeup

Calida and Vigilant, Cusi and Villar, Trump and Abe | Midday wRap

May 30, 2018 - 12:48 PM

Watch Rappler's midday newscast with Bea Cupin

Duterte on ICC, 2018 Forbes’ Richest List, Cayetano on West PH Sea | Midday wRap

Mar 07, 2018 - 1:15 PM

Watch the midday newscast with Mara Cepeda

#ThewRap: Things you need to know, March 7, 2018

Mar 07, 2018 - 12:22 PM

Hello! Here's a roundup of news you need to know this Wednesday.

From left to right: LTC. Rodolfo Farinas, JAGS (Res), LTC Emmanuel Paquiao, PA (Res), LTC Lorna Regina Legarda, PAF (Res) and LTC. Pantaleon Alvarez, PN-M (Res), during the deliberation on the ad interim appointments and nominations of Senior Officers of the Armed Forces of the Philippines at the Senate on March 7, 2018. Photo by Joseph Vidal/PRIB

Henry Sy still leads Filipinos on Forbes' 2018 billionaires list

Mar 07, 2018 - 9:55 AM

The number of Filipinos on the list drops from 14 last year to 12 this year, but their combined net worth increases from $45.8 billion to $55.2 billion

Injap Sia out of Forbes list of Filipino dollar billionaires

Aug 25, 2017 - 10:00 AM

A slump in DoubleDragon s stock price sees Sia s estimated net worth fall to 820 million this year from 1 2 billion last year but the firm has big plans ahead

Palace 'respects' China's probe into Huang Rulun

Jun 28, 2017 - 12:33 PM

Malacañang says President Rodrigo Duterte is one with China in weeding out corruption

#ThewRap: Videos you need to watch this week, April 24-30, 2017

Apr 30, 2017 - 12:44 PM

Must watch videos this week

Crazy rich ASEANs: Billionaires from the Southeast Asian region

Apr 25, 2017 - 11:45 AM

Meet the dollar billionaires of ASEAN

Crazy rich ASEANs: Billionaires from the Southeast Asian region

Record number of Filipinos among 'richest people on the planet'

Mar 21, 2017 - 8:03 AM

Joining the 14 Filipinos who are dollar billionaires in 2017 are Ramon Ang Injap Sia Eduardo Cojuangco and Roberto Ongpin

Indonesian tycoons listed in Panama Papers

Apr 04, 2016 - 11:04 PM

Among the names were a Jakarta gubernatorial candidate and a fugitive in the Bank Bali corruption case

MASSIVE LEAK. View of the building where Panama-based Mossack Fonseca law firm offices are placed in Panama City on April 3, 2016. AFP PHOTO / EDUARDO GRIMALDO / AFP / EDUARDO GRIMALDO

Iran billionaire Zanjani sentenced to death for corruption

Mar 06, 2016 - 11:20 PM

UPDATED 41 year old tycoon Babak Zanjani who has said he is innocent can still file an appeal

epa05197772 A picture made available on 06 March 2016 shows Iranian multibillionaire Babak Zanjani (C) holding documents as he arrives in a court, Tehran, Iran, 01 November 2015. Iranian Attorney General Gholam-Hossein Mohseni-Eje'i said on 06 March 2016 that Iranian multibillionaire Babak Zanjani and two colleagues have been sentenced to death for fraud. Zanjani was accused of secretly selling Iranian oil as part of a criminal gang during the presidency of Mahmoud Ahmadinejad (2005-13) and embezzling billions in profits. EPA/HEMAT KHAHI

Marcos’ candidacy, HBO on Pacquiao, PH billionaires | 6PM wRap

Mar 03, 2016 - 7:05 PM

Watch Rappler’s 6PM newscast with Chay Hofileña

Australia's youngest billionaire Tinkler declared bankrupt

Mar 03, 2016 - 4:20 PM

Nathan Tinkler apologizes to his family and to creditors after losing his fortune in just 5 years

epa03647429 (FILE) Australian mining magnate Nathan Tinkler (C) arrives at the Supreme Court ahead of an examination into his firm in Sydney, Australia, 15 March 2013. Tinkler and his fellow directors and company secretary are being examined over the firm's failure to pay 28.4 million Australian dollar. Australia's youngest billionaire, coal baron Nathan Tinkler, had it all: private aircraft, the Hawaii mansion, bodyguards and the sports teams that made him a hometown hero. He also had a stable of more than 1,000 thoroughbred horses that cemented his status among the seriously wealthy. But, as the unraveling of his business empire is proving, the 36-year-old former electrician had it all on borrowed money. In November 2012, at an 'unreserved reduction sale,' 200 thoroughbreds were sold at bargain-basement prices. On 02 April 2013, the whole place is to go under the hammer. EPA/TRACEY NEARMY AUSTRALIA AND NEW ZEALAND OUT

11 Filipino tycoons back in Forbes' list of world's richest

Mar 03, 2016 - 2:30 PM

Henry Sy Sr the 91 year old chairman of SM Investments Corporation retains his spot as the richest Filipino according to Forbes 2016 World s Billionaires

PHILIPPINES' RICHEST. (From left): Henry Sy, John Gokongwei Jr, Lucio Tan, and George Ty

Beijing beats New York as world billionaire capital – survey

Feb 25, 2016 - 6:30 PM

The Hurun Report says there are 100 billionaires in Beijing compared to 95 in New York

epa04572942 Wanda Group Chairman Wang Jianlin speaks during an agreement ceremony with Atletico Madrid in Beijing, China, 21 January 2015. China's Wanda Group officially announced it has invested 45 million euro to acquire a 20 per cent stake in Spanish Primera Division soccer club Atletico Madrid. EPA/ROLEX DELA PENA

A nation of billionaires, dynasties and yayas

May 06, 2015 - 10:00 AM

Breaking out of this inequality trap is going to take brave leaders on both sides of business and politics to open the floodgates for competition

#AnimatED: Piercing the bubble of PH’s 50 richest

Mar 09, 2015 - 9:00 AM

Filipinos living up there should help lift the poor down below

Lucio Co renewable energy firm starts operations

Mar 06, 2015 - 6:03 PM

Controlled by one of the Filipinos listed in Forbes’ richest the 12MW biomass facility commences phase 1 of its operations on March 6

Holding firm of PH's richest man nets P28.4B in 2014

Mar 05, 2015 - 2:45 PM

Henry Sy’s holding firm is up 3 6 on strong performance of its banking real estate and retail units

12 Filipinos in Forbes’ 2015 billionaires’ list

Mar 04, 2015 - 7:00 AM

Henry Sy the Philippines richest climbs to 73rd from 2014’s 97th ranking

Bill Gates still world's richest man, Forbes says

Mar 03, 2015 - 12:00 AM

Bill Gates has held the spot for 16 of the past 20 years

BILLIONAIRE'S LIST. Microsoft co-founder and philantropist Bill Gates is still the world's richest man in 2015. File photo by Cole Burston/EPA

Billionaires' advice on making money: Look at tech, China

Oct 29, 2014 - 2:32 PM

Chief Executive Officers from all over the world emphasize that companies not willing to adjust to technology will be left behind

POWERHOUSE. Some of the world's billionaires share advice on finding sure investments. Photo from Forbes

Microsoft's Gates reclaims title as world's richest

Mar 04, 2014 - 9:26 AM

US tech tycoon Bill Gates beats Mexico s Carlos Slim in Forbes Magazine s 2014 world s billionaires list

WORLD'S RICHEST. Microsoft's Bill Gates reclaims top spot on Forbes Magazine's world's billionaires list for 2014. AFP PHOTO

10 Filipinos among world's billionaires

Mar 04, 2014 - 8:24 AM

With a combined net worth of 40 1 billion 10 Filipino businessmen make it to Forbes Magazine s elite list of the richest in the world

11 Filipinos among world billionaires

Mar 04, 2013 - 10:38 PM

Eleven Filipino billionaires make it to the Forbes 2013 list of world billionaires

Asia has the world's most billionaires: survey

Feb 28, 2013 - 4:04 PM

Asia has more billionaires than any other continent followed by North America and Europe according to a survey by a China based wealth magazine

AFP Photo

Warren Buffett cancer treatment over

Sep 17, 2012 - 7:01 AM

Billionaire investor Warren Buffet has completed radiation treatment for prostate cancer

Being John Gokongwei

Sep 09, 2012 - 12:52 PM

John Gokongwei Jr. doesn’t believe money is important, or at least not as important as other things

FILIPINO BILLIONAIRE. The simple life of John Gokongwei Jr. Photo by Jake Verzosa

UN calls for 'billionaires tax' to help world's poor

Jul 05, 2012 - 11:42 PM

A tax on billionaires could help raise more than 400 billion a year for poor countries

Red Bull billionaire dies

Mar 18, 2012 - 11:42 AM

The world s 205th richest man in the world and 3rd in Thailand has died of natural causes

6 Filipinos among world's billionaires

Mar 08, 2012 - 10:43 AM

Newcomers are Eduardo Danding Cojuangco and Roberto Ongpin both associated with the Marcos regime