7) Aboitiz familyAboitiz keeps it in the family with 19 members involved in day-to-day operations in its power, banking, food and beverage, and property businesses. This number includes (where possible) the value of a ⦠Billionaire in 3 MinutesPaulino Aboitiz started ACO as an abaca trading and general merchandise business in Ormoc, Leyte during the late 1800s. In 2020, median household net worth in the United States was $121,411. Sy, Zobel and Aboitiz â are in Forbesâ inaugural list of Asiaâs 50 richest families that have grown their respective business empires over at least three generations. Andrew Tan [â¦] With the Tys out, the Cos are in. Filipino businessman and past president of the Aboitiz & Co., and Aboitiz Equity Ventures Inc., Jon Ramon Aboitiz had an estimated net worth of $125 million. The Aboitiz family has a net worth of $3.6 billion. Mr. Aboitiz and brother Mikel were ranked as 33rd richest Filipino by Forbes magazine in its 2018 list released on September, with a net worth of $265 million. Despite a general slide in net worth, heirs of the late taipan Henry Sy, Sr. â namely Teresita, Elizabeth, Henry Jr., Hans, Herbert and Harley of the SM Group â remained on top with a combined wealth of $13.9 billion or â±670 billion. Their net worth is now at $1.7 billion (P82.4 billion) after experiencing minimal losses from their net worth of ⦠Photo: Aboitiz websitePrevious <<>> Next InLifeâs bancassurance partner, Union Bank, is owned by Aboitiz Equity Ventures, which also has interests in power, property, food and biofuel. The second richest is Asia Brewery and Fortune Tobacco owner Lucio Tan, whose net worth was placed at $6.1 billion. Puregoldâs owners, husband-wife duo Lucio and Susan Co, made their way to position 10 on the rich list, up four places from 2019. In 2020, roughly 15,298,070 households â about 11.8% of American households â was a millionaire household. The three families are also behind the biggest conglomerates in the Philippines. Shares of flagship Aboitiz Equity Ventures, which he chaired, more than doubled in the year 2010. Today, InLife is the biggest Filipino insurance company in terms of assets and net worth. About Jon Ramon Melendez Aboitiz. Despite a general slide in net worth, ... founder Edgar Saavedra after the contractor saw a first-half net loss. How many US households had $1,000,000 or more in 2020? He was followed by port and casino magnate Enrique Razon Jr. with $5.2 billion. MALL magnate Henry Sy remains the Philippineâs richest man, with an estimated net worth of $12.7 billion, according to Forbes magazine. A total of 32 listees in the 2020 Forbes Philippines Rich List saw their net worths decline. Aboitiz Power invested $1 billion on new power plants. 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