Alfonso Yuchengco Net Worth | TheRichest
Sophia Edwards Alfonso Yuchengco
- Birthname
- Alfonso Tiaoqui Yuchengco
- Birthplace
- Manila, Philippines
- Education
- Far Eastern University
- Profession
- Businessman
- Net worth
- $400,000,000
- Source of Wealth
- Business - Diversified (Yuchengco Group)
- Nationality
- Filipino
- Marital Status
- Married (Teresita Gomez)
- Children
- 9 (Alfonso Jr., Alfonso III, Helen, Annabelle, Yvonne, Mona Lisa, Susanne, Maria Elena and Albert)
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Industrialist, certified public accountant, educator, and diplomat in the Philippines, Alfonso Yuchengco had a net worth of $400 million.
Yuchengco Group, started by his late father, Enrique, as a small insurance firm in 1930, now has more than 60 businesses, including controlling stake in Rizal Commercial Bank, country's fifth-largest bank by assets. In May 2011, he signed a deal with CVC Capital Partners to sell 15% of the bank for $115 million. Alfonso Yuchengco is a former ambassador to China, Japan, and Germany.
Yuchengco graduated with a degree in Bachelor of Science in Commerce, major in Accountancy, from the Far Eastern University. He took and passed the licensure examinations for certified public accountants in the Philippines. He attended graduate classes at the Columbia Business School of Columbia University in New York City. He received a Doctor of Business Administration from De La Salle University, and a Doctor of Laws, honoris causa, from the Waseda University in Japan.
Earnings & Financial Data
Date | Category | Description | Amount |
|---|---|---|---|
2017 | Asset | Estimated value of Alfonso Yuchengco's shares in PTIC, a major shareholder of PLDT, with direct shares in PLDT | $17,150,000 |
1998 | Sale of Asset | Sale of the Yuchengcos' shares in PTIC, a major shareholder of PLDT, with direct shares in PLDT | $8,120,000 |
