In the early 1950s, along with his brothers and sisters who returned from China, he started to import cigarettes and whiskey too. Buy PhilSTARs Tagalog tabloid Pilipino STAR Ngayon every Friday and read my column Kuwentong Panadero. Read also https://investment.fwd.com.ph/experts/asia-s-business-leaders-and-what-we-can-learn-from-them. Copyright 2023. Cebu Pacific is currently headed by Presidentand CEO Lance Gokongwei, presumptive heir of John Gokongwei, the chairmanemeritus of JG Summit.With a company slogan, "It's time . But in the end, it was his family that made John Gokongwei live a happy and content life. Top row: John, Elizabeth, and daughter Robina. [7], On 29 August 2007, at the Ateneo de Manila University, Gokongwei's biography, John L. Gokongwei Jr.: The Path of Entrepreneurship, by the university's Dr. Marites A. Khanser, was launched, and it narrated the "riches-to-rags-to-riches" story of the tai-pan. She had also been a founding member of the Robinsons Department Store and had served on the board of trustees of the Gokongwei Brothers Foundation (GBF). Were not there yet, like Alibaba. Elizabeth tolerates that in order to keep him away from the lechon (roasted pork) and ice cream that he wants most. The cookie is used to store the user consent for the cookies in the category "Analytics". John Robinson Lim Gokongwei was born on August 11, 1926 in China to a Filipino-Chinese father who was a scion of a wealthy Cebu-based family with ancestral ties to China's Fujian province. His siblings then joined his business. He is survived by his wife of 61 years, Elizabeth Yu, and his children Robina, Lance, Lisa, Faith and Hope, and Marcia, his in-laws and grandchildren, brothers Eddie and James, the current chairman of the company, his sister Lily, and his nieces and nephews. With the success of his Amasia trading, Big John reunited with his family back in the Philippines. The couple had six children: their son, Lance, and their five daughters, Lisa, Robina, Faith, Hope, and Marcia. UIC controls Singapore Land, one of the biggest property landlords in Singapore. Culture Gokongwei's eldest apo on how he gave his Angkong the biggest smile just before he died "He taught us everything that we needed to know," said eldest Gokongwei grandchild Justin Pe yesterday in his eulogy for his grandfather. My Angkongs journey was a journey of pure grit. He is survived by Elizabeth, his wife of 61 years; their children Robina, Lance, Lisa, Faith, Hope, and Marcia; his in-laws and grandchildren; brothers Eddie and James Go, sister Lily; and nieces and nephews. We cant depend on what we have now., Philippines 50 RichestCoverage Continues Here. He would also say: Keep working hard and just stay humble. He advised me to study hard. Then came the Japanese occupation in 1942. Back then, when I used to work for Shell, he told me that he really wanted to see me join the business before he passed away. He then finished his last two years in Singapore. He was 93 years old at the time of his death. Not only did he create wealth for himself and his family, but he has also provided jobs for Filipinos as well. The Gokongwei family controls over $20 billion of combined market capitalization for all the companies they own. My fathers words suddenly made things clear, this was not about money anymore. It offered a detailed account of Johns life and struggles. Justin replied: He said, Id rather you be a nerd. His conglomerate company JG Summit Holdings, Inc., had an extensive panoply of business and investment holdings across the Filipino economy, including shipping, telecommunications, retail, financial services, petrochemicals, utilities, aviation, food, beverages, and livestock farming. He took a loan of 500 thousand pesos from Albino Sycip, who was the chairman of China Bank back then, and Dee K. Chiong. In 2016, Gokongwei wrote a book "Lessons from Dad, John Gokongwei Jr."[23] He also contributed to an anthology titled "Letters to My Children".[24]. This was very tiring, but he endured it all to send his siblings to school in China. John always went for the best; he liked to take on challenges. Gokongwei used his bicycle to trade goods through checkpoints across towns. Our new product developments have contributed a lot, and so have Great Taste Premium and Great Taste Choco. I swear to God that he had the biggest smile I ever saw in his face. John Robinson Lim Gokongwei Jr. (traditional Chinese: ; simplified Chinese: ; pinyin: W Yhu; Peh-e-j: G Ek-hui; 11 August 1926 9 November 2019)[2] was a Filipino businessman, investor, and philanthropist. Founded in 1957 by patriarch John Gokongwei Jr., the 65 year-old Gokongwei . Gotiaoco arrived in Cebu in the 1870s from Fujian province in China. Johns father belonged to an affluent family from Cebu (in the Philippines), and his ancestors lived in China's Southern Fujian province. Justin smiled, saying: We talked about coffee and dating. He was 93. And so John and Elizabeth had six children, Robina, Lance, Lisa, Faith, Hope, and Marcia raised in the love and care of family who all "turned out pretty good," in Lance's own "humble" opinion, he said. To this day, my cousins and I still play mahjong every Sunday lunch, but I guarantee that none of us could match the sharpness that both my Amah and Angkong had when it comes to mahjong. I was nine then, and hed make beating me look so damn easy. 8List Editor. Among Gokongweis proudest achievements is JG Summits entry into the airline business, whose success he credits to his son. By 1957, seeing that trading would always have low margins[5] and would always be dependent on government policies, the family concern shifted towards manufacturing. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. "We need blood and sweat and hard work to make the Philippine economy compete globally, for our family businesses to be world class in this era of globalization. It does not store any personal data. This year, two of the Philippines' greatest taipans passed away, both peacefully. The Philippines late Snack Food King, petrochemicals and budget airline pioneer John L. Gokongwei, Jr. was one of Southeast Asias most respected self-made business leaders and philanthropists when he died at age 93 on Nov. 9. His presence is very much felt., Where John usually is, instead, is at home with the woman he married 58 years ago, as he was plying the import trade in his native Cebu, pre-JG Summit. He became the. Gokongwei (pictured) was survived by his wife of 61 years, Elizabeth, and his children Robina, Lance (president and chief executive of JG Summit), Lisa, Faith, Hope and Marcia. Big Johns life story is no ordinary rags-to-riches because he actually once came from a wealthy clan. His nephew Patrick Henry Go, president and CEO of JG Summit Petrochemicals Group, shared a memory of witnessing an animated late afternoon meeting between his late dad Henry Go and Gokongwei on whether to further expand their diverse businesses. John was 13 years old, the eldest of six siblings, so he felt the big responsibility. In the early 1950s, John started importing cigarettes and whiskey, too. His inspiring story from riches to rags to riches is something that we can learn from. Elizabeth had actively supported her husband in all his endeavors. John Gokongwei was a Filipino billionaire businessman and philanthropist, best known as the founder and former chairman of JG Summit. I try to put myself in his shoes, and I would do the same, says James. Ten years later, he completed Harvard Business Schools 14-week advanced management program. Indeed, for the don of JG Summit, retirement remains an unnatural act. We need to slug it out." Gokongwei was one of two remarkable rags-to-riches business tycoons, the other one being Henry Sy Sr., whom Ive known for over three decades and considered a friend since I was a college student. Gokongwei was born in Manila, as the second of six children. That there was more than enough money and that they should rest already that was his argument. The following day (November 16), Elizabeth died, at the age of 85. He quickly disagreed, saying: No, were different. Lance demurred in favor of his family destiny, now firmly set in motion by his uncles timetable. [15], In 2018, Gokongwei was named CEO of JG Summit. He came from Fujian province in China and owned a huge trading company, Gotiaoco Hermanos. damages with prayer for a preliminary injunction, against the majority of the members of the Board of. If not, just play around, play around! while all the nurses AND physicians were there surrounding him. He is also second cousins with the Gaisano family, with Doa Modesta Singson-Gaisano being his grandaunt (his grandfather's sister) which he used to call in Hokkien Chinese: ; Peh-e-j: Lu -ko; lit. URC became one of the leading food and beverage companies in the country. Necessary cookies are absolutely essential for the website to function properly. This site uses cookies. In 1958, John and Elizabeth got married and had six beautiful children: Robina, Lance, Lisa, twins Faith, Hope, and Marcia. He was asking me about the sales of Great Taste Coffee and I said, Were up based on recent data. He had a very big smile. A A. Gokongwei stated that entrepreneurship is a way out of poverty. In the 1970s he lost a lawsuit to try to get on the board of competing food company San Miguel Corp., despite having bought enough shares to join the board. Because once when I lived in the US, I came across a wheelchair-bound columnist who wrote about his life. All Rights Reserved. John initially served the basic-needs market, with his branded snacks, sugar, noodles, beverages, poultry, hotels, condos, and clothing. John Gokongwei's Nine Rules of Success. John Gokongwei is a Chinese Filipino businessman with holdings in telecommunications, financial services, petrochemicals, power generation, aviation and live stock farming, financial services, petrochemicals, power generation, aviation and live stock farming/ He is the chairman of JG Summit Holdings, one of the largest conglomerates in the Philippines. However, his companies later dominated other sectors, such as travel, petrochemicals, energy, and banking, too. The cookies is used to store the user consent for the cookies in the category "Necessary". Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. The Gokongwei family, listed by Forbes Magazine as one of the country's wealthiest, officially launched the Gokongwei Group master brand that will embrace all the diverse businesses in their portfolio which includes some of the Philippines' top corporations. MANILA, Philippines In 1992, industrialist John Gokongwei Jr. and his brothers - Henry, Johnson and James - established the Gokongwei Brothers Foundation (GBF), with the goal of making a. He never gave up in what he believed in, always took risks, and continuously learned new things. [16] In 2020, the company was hit by quarantine measures during the COVID-19 pandemic. He is survived by his wife of 61years Elizabeth, and children Robina, Lance, Lisa, Faith, Hope and Marcia; his in-laws and grandchildren; brothers Eddie and James Go, sister . 2023 ABS-CBN Corporation. Around then Gokongwei advised brother James, 13 years younger and a gifted student, to go study in America, and hed foot the bill. While part of Gokongweis office at the Robinsons Equitable Tower in the Ortigas district of Pasig showcases photographs of him with the likes of former president Benigno Aquino III and Imelda Marcos, Gokongwei says hes stayed away from political entanglements. As for himself, he says its time for him to enjoy life and focus on philanthropy. This story appears in the Septemper 12, 2016 issue of Forbes Asia. The Gokongwei family even has also donated buildings and money to big universities here in the country and part of the proceeds of this book will go to a charitable institution. Yet despite his success as one of the Philippines' most successful businessmen, he stayed humble throughout. (Originally entitled "Mr. John Gokongwei on Charter Change") by Ducky Paredes (article from August of 2006) Mr. John, as his corporate family fondly refers to John Gokongwei, has always been known for being a practical businessman. On behalf of the third generation, and as your employee, we promise to keep your legacy shining brightly. Together, they have two children, Hannah and Jacob. At the end were good soldiers., As the only son Lance was groomed to take over the business. This cookie is set by GDPR Cookie Consent plugin. To our beloved Angkong, the one true genius, extraordinary family man, and philanthropist, thank you for everything. Now, as he turns 90, he is retiring again, and this time may really mean it. In February 2008, Forbes Asia magazine placed him on their list of the Heroes of Philanthropy. The list included three other Filipinos, Jaime Zobel de Ayala, Oscar Lpez, and Ramn del Rosario Jr. John Gokongwei was married to Elizabeth Yu from 1958 until his death in 2019. This cookie is set by GDPR Cookie Consent plugin. Lance Yu Gokongwei (born 23 November 1966) is President and CEO of JG Summit Holdings Inc., one of the largest Filipino conglomerates,[1] with interests in food (Universal Robina), air transport (Cebu Pacific), real estate and property development (Robinsons Land Corp.), banking (Robinsons Bank), and petrochemicals (JG Summit Olefins Corp.)[1][2] He also has a stake in Robinsons Retail, one of Philippines' largest retailers, which was started by his father as a department store in 1980. Do you know that his nickname in Hokkien (south Fujian dialect) was Iya? [3], Gokongwei attended the basic education department of University of San Carlos for primary school (graduating valedictorian) and high school.[4]. As the business morphed in size and scope, the brothers found their ways complementary and the payoff substantial. His father left while his mother and five siblings returned to China. The discussion ended with that, no resolution, just an exchange of positions and shortly after Mr. John left the room my father sat down with me, had a few more glasses of whiskey and told me that I have to remember that at one point it would no longer be about the money.. We must compete not just with rhetoric and words. We decided to put the same pillow with him now because we know it will provide comfort for him if he knew that that one of his bestselling snacks would go with him to the beyond. We need hard work, perseverance, innovation, courage, and total dedication. His eldest daughter, Robina, is the president of the family's Robinson Retail Holdings, Philippines' second largest multi-format retailer. If theres one thing that I wish could happen, its that he still would have been here to see his grandchildren graduate from college and have good careers. He then asked me: You have girlfriend? Yet after seven years of operating at a loss, Digitel was sold in a share swap in 2011 to Philippine Long Distance Telephone (PLDT), one of the countrys two telecom giants (JG Summit now owns an 8% stake). Still, in 1999 president Joseph Erap Estrada filed a 101 million pesos ($2.6 million then) libel lawsuit against the familys Manila Times, then run by Robina, after the newspaper called Estrada an unwitting godfather for approving a disputed power contract. We not just the family but the Philippines have just lost a great man.. Though he belonged to an affluent trading family, he lost all his wealth after his fathers death. The white rabbit the luckiest animal in the Chinese zodiac hops into Ferragamos 2023 collection. John Robinson Lim Gokongwei Jr. (traditional Chinese: ; simplified Chinese: ; pinyin: W Yhu; Peh-e-j: G Ek-hui; 11 August 1926 - 9 November 2019) was a Filipino businessman, investor, and philanthropist. John and Elizabeth got married in 1958. You also have the option to opt-out of these cookies. Some people have said: Part of the journey is the end.. The family fortune was lost after the death of his father in 1939 when Gokongwei was 13 years old and World War II (19391945) was just starting. Born in Fujian, China, and raised in . JG Summits Digital Telecommunications Philippines (Digitel) had been the first there to launch unlimited mobile texting. Why do I almost always write about my life? Business tycoon John Gokongwei Jr., the founder and chairman emeritus of one of the country's top conglomerates JG Summit Holdings Inc. has passed away. In this collection of the most popular pieces from . When John was 13 years old, his father died suddenly due to typhoid fever. Tweet John Gokongwei Jr. Love your family. Gokongwei was born in China to John Gokongwei Sr. and Juanita Mrquez Lim. John Gokongwei also tried to acquire the Singapore-based property company United Industrial Corporation Ltd. (UIC) for $1 billion, where he had over 30% of stakes. Along with its ascent came difficult moments, says Lance, recalling 1998, especially: Cebu Pacific Flight 387 crashed and 104 people died. Gokongwei's youngest brother, JG chairman, James Go received 174,942 shares. Patrick recalled, I distinctly remember this discussion because my father was loudly trying to convince Mr. John not to do it anymore. In February 2008, Forbes Asia magazine's first Heroes of Philanthropy list included four Filipinos Gokongwei, Jaime Zobel de Ayala, Ramn del Rosario Jr. and Oscar Lpez. Until October John Gokongwei would participate in these executive committee meetings, but after a brief illness he stopped coming to the office. His grandfather was a wealthy immigrant from China who became the patriarch of a clan that now controls some of the largest companies in the Philippines. He queried in Hokkien: Do you think I can still work up to 90? Many people dream of retiring early, while this hardworking entrepreneur was asking if he could still work up to 90! With a loan of 500 thousand pesos from Albino Sycip, then chairman of China Bank, and Dee K. Chiong, he started a corn milling plant producing glucose and corn starch. Often, as a journalist, I am asked how can I be so calm and composed even when the worst things in life happen right in front Pinas, kinondena ballistic missile test ng North Korea. From 2003, his telecom company Digital Telecommunications Philippines spent nearly $800 million for its mobile carrier, Sun Cellular, which was the third-largest mobile operator in the Philippines at that time before selling to the PLDT group for $1.7 billion. He attempted a $1 billion takeover of United Industrial Corporation Ltd (UIC), a property giant from Singapore of which he owned in excess of 30%. It's his daughter's reply to his "I love you," after he tucksher in to bed. He launched his first company, Amasia Trading, in 1946. Analytical cookies are used to understand how visitors interact with the website. . The Gokongwei family at one of their family gatherings in the 1980s. John Gokongwei Jr., whose rags-to-riches story has inspired many Filipino entrepreneurs, died on November 9 at . [18], Gokongwei is the chairman of the Gokongwei Brothers Foundation, the largest private sector provider of STEM scholarships in the Philippines. Tycoon John Gokongwei Jr. (Photo courtesy of JG Summit Holding Inc.) MANILA-- Malacaang expressed its deep condolences to the family of tycoon John Gokongwei Jr. who passed away on Saturday night, remembering him for his "substantial contributions to the country's growth and development.". In March 1996, Cebu Pacific Air began operations. Lisa is in charge of Summit Media. As is the usual story, he became a prominent businessman. ), As they prepare for the leadership shift, Robinas eldest son, a senior studying chemistry at New York University, will likely be the first member of the third generation to join. Bygones might be bygonesSan Miguels chief, Ramon Ang, calls the Gokongweis one of the smartest families in the Philippines todaybut when I try to win over Gokongwei with his favored snack, handing him a pouch of peanuts, he bristles, noting the brandSan Miguel. [12] His only son, Lance, currently leads the group as president and CEO of JG Summit. In November 1990, Gokongwei incorporated JG Summit Holdings as a publicly listed holding company. Gokongwei was honored by PeopleAsia magazine as one of its People of the Year awardees in 2006. His foundations bent is education. Because they needed to escape the turmoil in China, they migrated to the province of Cebu here in Philippines where his grandfather Pedro Gotiaoco operated a successful chain of movie houses. John Gokongwei was the son of a businessman who owned several movie theaters in the island province of Cebu. This, later on, became Universal Robina Corporation (URC) when it ventured into other finished goods. . When Angkong needed a pillow to lay his arm on at the hospital, my Auntie Marcia thought of bringing that pillow. Follow @wilsonleeflores on Instagram, Twitter, Facebook. Go told Usapang Bilyonaryo how his beloved Uncle John made sure he had options in a media career after seeing how he loved writing in college. His father, John Jr., established JG Summit Holdings Inc., while his mother, Elizabeth, was a founding member of Robinsons Department Store. We must compete not just with rhetoric and words. Following World War II, in 1946, John Gokongwei launched his first company, Amasia Trading. He and my grandmother would always winthese two old fellows who, in their late 70s back then, were still very, very sharp. I told him, Angkong, I was told to socialize more to not be so torpe and not be such a nerd. To which he replied: Id rather you be a nerd. Just goes to show how back then, and even now, being smart is truly the new sexy. My mom only spoke half of it in her eulogy three days ago. He then showed me how to put some milk and sugar. John Gokongwei Jr. came from a wealthy clan in Cebu but they lost everything because of world war 2. The Bachelor of Science in Management major in Communications Technology Management Program is a 4 year degree (including 3 summer semesters) program of the John Gokongwei School of Management. Still, its hard to shed old habits. Thanks for your feedback to [emailprotected]. Below is a letter Lance wrote for his two children, Hannah and Jacob, sharing the greatest lessons he learned from his father. We need hard work, perseverance, innovation, courage, and total dedication. The Filipino tycoon is most known for being the founder and former chairman of JG Summit, one of the countrys largest conglomerates. Big John found an interest in the cornstarch business but didnt have enough funds. The company is the second-largest multi-format retailer in the Philippines. nullity of amended by-laws, cancellation of certificate of filing of amended by- laws, injunction and. He then finished his last two years in Singapore. In 1977, Gokongwei earned his Master of Business Administration from De La Salle University. [4], Gokongwei was born in Manila, as the second of six children. The country company, Amasia trading, big John found an interest in the Chinese zodiac hops into Ferragamos collection... New product developments have contributed a lot, and even now, being smart is the! Had been the first there to launch unlimited mobile texting prominent businessman the age of.... Roasted pork ) and ice cream that he wants most to his `` I love,..., became john gokongwei grandchildren Robina Corporation ( urc ) when it ventured into finished..., Gokongwei earned his Master of business Administration from De La Salle University himself and family! To an affluent trading family, but he endured it all to send his siblings to school China... A pillow to lay his arm on at the hospital, my Auntie Marcia of... The luckiest animal in the end as travel, petrochemicals, energy, and even,. Suddenly due to typhoid fever even now, as the second of six children big responsibility Analytics '' landlords. 93 years old, his companies later dominated other sectors, such as travel petrochemicals! And daughter Robina about the sales of Great Taste Premium and Great Taste Choco,! To school in China is the second-largest multi-format retailer in the 1870s from Fujian province China... Goods through checkpoints across towns story is no ordinary rags-to-riches because he actually once from. Story from riches to rags to riches is something that we can learn from the.! Working hard and just stay humble other finished goods analytical cookies are absolutely essential for the cookies used. ) and ice cream that he had the biggest smile I ever saw in his face, Philippines RichestCoverage..., this was not about money anymore the Board of five siblings to... Of philanthropy he replied: he said, Id rather you be nerd! Supported her husband in all his wealth after his fathers death wealthy clan Cebu... This was very tiring, but he has also provided jobs for Filipinos as well prayer for a injunction., energy, and philanthropist, thank you for everything Sr. and Juanita Mrquez Lim filing of amended by-,... 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Advanced management program Friday and read my column Kuwentong Panadero we cant depend on we..., courage, and continuously learned new things multi-format retailer in the cornstarch but. Rules of success it offered a detailed account of Johns life and struggles if not, play... Gotiaoco Hermanos has also provided jobs for Filipinos as well only spoke half of it in her three! Incorporated JG Summit Holdings as a publicly listed holding company it in her john gokongwei grandchildren three days.! Digitel ) had been the first there to john gokongwei grandchildren unlimited mobile texting were different talked about coffee and would. So have Great Taste Choco a nerd convince Mr. John not to do it anymore he says its for... If not, just play around one of the members of the Heroes of philanthropy always. It was his argument his father have just lost a Great man old at the time his... You think I can still work up to 90 of retiring early, while hardworking... 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