Pinoy Business Coach

Not to sound bias or unpatriotic, there is a lot that we can learn from other cultures that have a better orientation towards money. We can always learn from our Chinese and Spanish counterparts who have such great enterprising spirits. To further give sound proof of this, let us refer to the wealthiest individuals in the Philippines, many of whom are Chinoys:

1.Henry Sy & family
Founder of the Largest Retailer in the Philippines, SM Prime Holdings
Net Worth 2008: US$ 3.1 billion
Net Worth 2007: US$ 1.7 billion
Net Worth increased by US$ 1.4 billion
Age: 83

2.Lucio Tan & family
Controls Eton Properties Philippines, Philippine National Bank, Fortune Tobacco, Asia Brewery, Tanduay Holdings, Philippine Airlines, Allied Bank, the Philippines, University of the East and more
Net Worth 2008: US$ 1.5 billion
Net Worth 2007: US$ 1.6 billion
Net Worth decreased by US$ 100 million
Age: 74

3.Jaime Zobel de Ayala & family
From 1984 to 1994, he is the president and chairman of Ayala Corporation. Currently, his son, Fernando Zobel, is president of the corporation and his eldest son, Jaime Augusto Zobel de Ayala II, holds chairman and CEO
Net Worth 2008: US$ 1.2 billion
Net Worth 2007: US$ 2 billion
Net Worth decreased by US$ 800 million
Age: 74

4.Andrew Tan
He runs companies such as Alliance Global Group Inc, Megaworld Corporation, Emperador Distillers Incorporation and Golden Arches Development Corporation
Net Worth 2008: US$ 700 million
Net Worth 2007: US$ 1.1 billion
Net Worth decreased by US$ 400 million
Age: 57

5.Tony Tan Caktiong & family
Founder and Chief Executive Officer of Jollibee
Net Worth 2008: US$ 690 million
Net Worth 2007: US$ 790 million
Net Worth decreased by US$ 100 million
Age: 58

6.John Gokongwei Jr. & family
Chairman of JG Summit Holdings and controls companies such as Cebu Pacific Air and Universal Robina Corporation
Net Worth 2008: US$ 680 million
Net Worth 2007: US$ 430 million
Net Worth increased by US$ 250 million
Age: 81

7.Eduardo Cojuangco Jr.
CEO of San Miguel Corporation
Net Worth 2008: US$ 610 million
Net Worth 2007: US$ 540 million
Net Worth increased by US$ 70 million
Age: 73

8.Enrique Razon Jr.
President and Chairman of ICTSI (International Container Terminal Services)
Net Worth 2008: US$ 525 million
Net Worth 2007: US$ 820 million
Net Worth decreased by US$ 295 million
Age: 48

9.George Ty & family
Founder of Metropolitan Bank and Trust Company (Metrobank) who also hold shares from Bank of the Philippine Islands (BPI) and Philippine Savings Bank(PSB)
Net Worth 2008: US$ 435 million
Net Worth 2007: US$ 870 million
Net Worth decreased by US$ 435 million
Age: 75

10.Inigo & Mercedes Zobel
He is the chairman of Business World Publishing, chairman and president of E. Zobel, Inc., director of Mermac, Inc., president of Ayala International España, and president of Diamond Star Agro Products, Inc.
Net Worth 2008: US$ 430 million
Net Worth 2007: US$ 660 million
Net Worth decreased by US$ 230 million

11. Manuel Villar
He is the former Senate President of the Philippines who established Palmera and Camella Homes.
Net Worth 2008: US$ 425 million
Net Worth 2007: US$ 940 million
Net Worth decreased by US$ 515 million
Age: 58

12.Emilio Yap & family
Holds and runs Manila Hotel Corporation, USAUTOCO, Inc., Philtrust Realty Corporation, Philtrust Bank, Manila Bulletin Publishing Corporation, U.S. Automotive Co., Inc., Philippine President Lines Inc. and Centro Escolar University (CEU)
Net Worth 2008: US$ 420 million
Net Worth 2007: US$ 445 million
Net Worth decreased by US$ 25 million
Age: 82

With this list, these Filipinos have proven that there are a lot of business opportunities in the Philippines. It just takes a trained and prepared mind to see money making opportunities.

It has always sounded strange to me to hear a widespread belief among many that being an entrepreneur is INBORN or something that you are born with. This has to be one of the most absurd ideas of all time. An Entrepreneur is born in his mind. As soon as one takes charge of thoughts about money as it is connected to emotional and spiritual values, one would be able to see that being an Entrepreneur can be nurtured within, through the development of skills and attributes.