Philippine tycoon John Gokongwei Jr. passes away at 93

Philippine billionaire, John Gokongwei Jr., passed away on Saturday at the age of 93.

His son, Lance Gokongwei, confirmed his passing in a text message to Gokongwei-owned magazine, Esquire Philippines.

 “Our beloved husband, father and grandfather John Gokongwei, Jr. passed away peacefully 11:41 pm, November 9th, at the Manila Doctor’s Hospital surrounded by his loved ones. Please pray for the repose of his soul. Details of his wake to follow. Rest In Peace, Mr. John,” the message read.

Gokongwei is the founder of JG Summit, one of biggest conglomerates in the country which has interests in air transportation, telecommunications, banking, food, power, and property.

He was ranked third richest person in the Philippines by Forbes magazine this year with a net worth of $5.3 billion.

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