Roberto Ongpin
Overview
- Source of Wealth
- diversified
- Industry
- Diversified
- Residence
- Education
- Harvard University (Master of Business Administration)
- Children
- 4
Assets
- Alphaland271,000,000 shares @ --ALPHA-PH
- Atok-Big Wedge1,485,686,000 shares @ --AB-PH
Biography
Roberto Ongpin chairs Alphaland, his high-end property developer that delisted in 2014 after a messy split with a U.K. investment group.
Alphaland took a hit in 2020 as its signature properties such as the City Club were temporarily shut down. Annual revenue dropped 65% to $54 million.
As the former Philippine trade minister, Ongpin was accused of insider trading in 2009. He was cleared of the charges in 2017.
Ongpin worked at Procter & Gamble for two years and then got his M.B.A. from Harvard Business School before returning to the Philippines.
His daughter Anna Ongpin, who has a bachelor's degree from U.S.-based Wellesley College, was appointed as vice chair of Alphaland in February 2020.
About
In August 2016, Philippine President Rodrigo Duterte vowed on TV to destroy oligarchs and singled out Ongpin.
Ongpin owns Tabacalera cigar maker and 16 homes around the world, including in Tuscany, London, Paris, Salzburg and Saint-Tropez.