John Gokonvi net worth
John Gokongwei Jr. Net Worth: John Gokongwei Jr. is a Filipino-Chinese businessman with a net worth of $4.8 billion. John Gokongwei Jr., founder and chairman of JG Summit, one of the largest conglomerates in the Philippines, made his debut as a billionaire because he had a better understanding of his holdings.
Today, JG has various business interests in airlines, banks, hotels, real estate, property development, petrochemicals, power generation, publishing, food manufacturing and telecommunications. As for JG Summit Holdings’ major holding companies include Philippine Digital Telecom and Cebu Pacific. Thanks to the lucrative profits of the conglomerate, John Gokonvi Jr. has become one of the richest men in Southeast Asia. Most recently, the group’s budget carrier Cebu Air raised $620 million in the country’s largest initial public offering in 2013. Other family members are involved in JG Summit operations; most notably John’s brother James Go chairs JG Summit, while his son Lance is president.
