Once at a dinner in his home, I commented to Gokongwei that he had remarkably replicated the 19th-century rags-to-riches saga of his immigrant great-grandfather Pedro Gotiaoco. Using a small boat, he would trade goods from Cebu to Manila and vice versa. Also Known As: John Robinson Lim Gokongwei Jr. father: John Gokongwei, Sr. (Go Kong Wei), siblings: Henry Go, James L. Go, Johnson Go, Lily Ngochua, children: Faith Gokongwei, Hope Gokongwei, Lance Gokongwei, Lisa Gokongwei, Marcia Gokongwei, Robina Gokongwei, Founder/Co-Founder: JG Summit Holdings, Cebu Pacific, Universal Robina, Robinsons Malls, education: De La Salle University, Ateneo De Manila University. 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 Jr. came from a wealthy clan in Cebu but they lost everything because of world war 2. He also brought down mobile phone costs by pioneering unli-texts and unli-calls with Sun Cellular. 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. 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. He decided to shut down in favor of cornstarch production, at which another precocious operator in Cebu was doing well. Her name was taken from her father's second name, Robinson. President and CEO of JG Summit Holdings Inc. Chairman of the Gokongwei Brothers Foundation, Inc. See the events in life of John Gokongwei in Chronological Order, (Filipino Businessman, Investor, Founder and Chairman of JG Summit Holdings, Inc), https://www.thefamouspeople.com/profiles/john-gokongwei-21045.php. During these difficult years, he initially supported his family by peddling items along the streets of Cebu from his bicycle. . . Lance was 28 years old, a University of Pennsylvania graduate whod worked at an American bank and done a few job rotations at JG Summit, when he says his father approached him with news hed bought four aircraft and asked him to run their new airline business. A total of 384,874 shares in JG Summit were distributed to Gokongwei's brother, children and nephews "as a result of estate settlement.". The eldest grandson of John L. Gokongwei, Jr. and son of Robinsons Retail Holdings president Robina Gokongwei-Pe, the New York University-educated, 24-year-old Justin G. Pe shared his. I left for Manila when I was 22. [19] On its 30th year, the foundation's goal is to participate in the learning journey of 10,000 teachers and one million learners by 2025. Gokongwei was honored by PeopleAsia magazine as one of its People of the Year awardees in 2006. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 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. In a statement to the media, his son Lance Gokongwei said: "Our beloved husband, father and grandfather John Gokongwei passed away peacefully 11:41 p.m., November 9th, at the Manila Doctor's Hospital surrounded . JG Summits legend is well known among the firms 35,000 employees: Gokongwei, the eldest of six children, grew up well-off in an ethnic Chinese family in Cebu, where his father owned a chain of movie theaters. Tweet John Gokongwei Jr. Love your family. John Gokongwei with eldest grandchild Justin back in the day. 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. Her twin sisters, Faith and Hope, each have management roles there. Mariing kinondena ng pamahalaan ng Pilipinas ang panibagong ballistic missile test na ginawa ng North Korea. And now at your old age to tear away from it, its very hard.. Mrs. Gokongwei was characterized by her children as a selfless mother who always put her family first and described her as the reason behind John Gokongwei's success. [5] He went to Xavier School for his first two years of high school. The Chippy pillow was a product that we sold at Toys R Us last year, along with the Chiz Curls pillow. July 20, 2020. My thay-kong (Hokkien for great-grandpa) wasnt able to prepare well for his succession in the case of my grandfather, who was his eldest son. Subscribe to Forbes Asia. These cookies ensure basic functionalities and security features of the website, anonymously. The white rabbit the luckiest animal in the Chinese zodiac hops into Ferragamos 2023 collection. This cookie is set by GDPR Cookie Consent plugin. Directors and San Miguel Corporation. Last November 9, 2020, marks the first death anniversary of John Gokongwei Jr., a Filipino business tycoon and philanthropist who founded JG Summit, one of the largest conglomerates in the country. Middle row: John's mother Ana Juanita, son Lance, and daughters Lisa and Hope. All the Gokongwei children work actively for their family business group. I was one year old when I came here to Cebu from Fujian, south China. 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. From ages 17 to 19, he used a wooden boat to carry his goods to Dalahican, Lucena, and then carried them to Manila by truck. John made JG Summit Holdings a publicly-listed holding company in November 1990. We cant depend on what we have now., Philippines 50 RichestCoverage Continues Here. I dont know another Philippine company that has lasted three generations, except for Ayala, he says. JG Summits Digital Telecommunications Philippines (Digitel) had been the first there to launch unlimited mobile texting. [citation needed], In 2020, Gokongwei was named a member of board of the Global Reporting Initiative (GRI), representing the business enterprise sector. Whenever he gave opinions, he was never condescending but always humble., Years ago, when Justin was 11 years old, he was made to work in the familys Toys R Us store during summer. Top row: John, Elizabeth, and daughter Robina. 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.. He launched his first company, Amasia Trading, in 1946. Lance Y. Gokongwei is the President and Chief Operating Officer of JGSHI. With your meaningful insights, help shape the stories that can shape the country. John Gokongwei Story started in 1927 in the Chinese province of Fujian where he was born. Johns great-grandfather, who was a trader from China, was one of the Philippines's most influential Chinese Filipinos. By clicking Accept, you consent to the use of ALL the cookies. He pointed at me and called me, and in his grungy voice, asked me directly without blinking: How are our coffee sales? I responded: Were doing much better this month Angkong! John L. Gokongwei, Jr. lived a full and accomplished life, entrepreneurship was his lifelong passion and it was not about the money. However, following his fathers death, John and his family lost all their wealth. His father died when Gokongwei was only age 13. John donated 200 million pesos to an undergraduate management school in 2002. In 2003, John launched his telecom company, Digital Telecommunications Philippines, which invested almost $800 million to establish its mobile carrier, Sun Cellular, the third-largest mobile operator in the country back then. He told me it was the least he could do for someone who had done so much for the Philippines. Big John found an interest in the cornstarch business but didnt have enough funds. The airline is a subsidiary of JG Summit Holdings, controlled by the Gokongwei family - one of the richest Filipino- Chinesefamilies based in the Philippines. Lance demurred in favor of his family destiny, now firmly set in motion by his uncles timetable. Gokongwei denies that he expected succession from his kids, but the eldest children remember differently. Never stop learning And always look back and be grateful to where you came from. When Angkong needed a pillow to lay his arm on at the hospital, my Auntie Marcia thought of bringing that pillow. John always went for the best; he liked to take on challenges. Other key JG Summit businesses, including land development, banking and petrochemicals (closely held with revenues of $415 million in 2015), are run by extended family members and professionals who arent at the Gokongwei Sunday lunches but convene with James, Lance, Lisa and Robina every Friday afternoon to thrash out corporate matters. John initially served the basic-needs market, with his branded snacks, sugar, noodles, beverages, poultry, hotels, condos, and clothing. Below is a letter Lance wrote for his two children, Hannah and Jacob, sharing the greatest lessons he learned from his father. John Gokongwei and his family now owns a lot of big companies: chemicals, food, airline, mall chain, mobile service provider and even an entertainment showbiz magazine. I finally joined the business four months ago not knowing he'd pass away so soon. John Gokongwei Jr. died on November 9, 2019. My fathers words suddenly made things clear, this was not about money anymore. The Palace expresses its deep condolences to the family, the surviving wife Elizabeth, children Lance, Robina, Lisa, Faith, Hope and Marcia, friends and colleagues of Mr. John Gokongwei, Jr.. Every Sunday afternoon John Gokongwei Jr.s six adult children and sometimes all 12 grandchildren gather at the patriarchs home in Pasig, a city in Metro Manila, for lunch and a session of tsismis (gossip). [6], In 1988, he graduated from the University of Pennsylvania with a double degree in Finance and Applied Science (summa cum laude). The following year, JG Summit launched the green tea brand C2, thus revolutionizing the beverages market of the country, which was controlled by cola companies back then. In July the following year, Griffin's Foods was acquired by Universal Robina for $609 million, from Pacific Equity Partners, a New Zealand-based food enterprise. In March 1996, his low-cost airline company, Cebu Pacific Air was launched. The Filipino tycoon is most known for being the founder and former chairman of JG Summit, one of the countrys largest conglomerates. Aside from their conglomerate, JG Summit also has interests in PLDT, Manila Electric Company, and other global companies like United Industrial and more. His great-grandfather, Chinese immigration Pedro Gotiaco, rose from being an oil peddler to become proprietor of Gotiaco Hermanos, then the largest enterprise in trading and insurance in Cebu. If a job is given to me, Ill do it, says Lance, now 49. Gokongwei's youngest brother, JG chairman, James Go received 174,942 shares. His siblings then joined his business. You may have passed away, but your legacy will live on. The Gokongwei family at one of their family gatherings in the 1980s. "John Gokongwei Jr., Industry Game Changer; 93", "Watch: John Gokongwei, Jr. Talks About School, Business, and the New Digital Age", "Gokongwei's Nine Rules of Business Success", "A Way out of Poverty, According to 'Mr. 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. His funeral was held on November 15. He came from Fujian province in China and owned a huge trading company, Gotiaoco Hermanos. When John was 13 years old, his father died suddenly due to typhoid fever. Even though he had to stop schooling in his teenage years to support his family, he always understood the value of having a good education. Another lesson in business: Always be humble, Mr. John admonished. Copyright 2023. Some people have said: Part of the journey is the end.. His father was a scion of a wealthy Cebu-based family with ancestral ties to China's Southern Fujian province. At the end were good soldiers., As the only son Lance was groomed to take over the business. [7] In 2004, the company introduced C2, a ready-to-drink tea that went head-to-head with foreign cola companies that dominated the beverage sector in the Philippines. John and Elizabeth had first met when John was still a small-time importer of second-hand goods and owned a tiny store in Cebu. John Gokongwei was married to Elizabeth Yu from 1958 until his death in 2019. This page was last edited on 28 January 2023, at 21:04. [14], Gokongwei died in Manila on 9 November 2019, at the age of 93. The outsiders outsider: The more human side of John Gokongwei, John Gokongwei Jr.s life was a master class in showing true grit, Robina Pe to her father: Get some rest, dad. Why do I almost always write about my life? 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. URC became one of the leading food and beverage companies in the country. In 2010, the airline went through a huge re-fleeting operation. Im thinking of advising them to look into digital, he says. After the war, Big John took it as a good opportunity to expand his trading business abroad. 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). The Gokongwei family controls over $20 billion of combined market capitalization for all the companies they own. These cookies will be stored in your browser only with your consent. 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. All Rights Reserved. He prepared by reading Nuts!, a book by former Southwest Airlines CEO Herb Kelleher. The familys freshest wound stems from its foray into the countrys thorny telecommunications sector. Through his efforts, countless Lasallian students and scholars were . In 1961, John Gokongwei launched another company, Consolidated Food Corporation (later renamed CFC Corporation). We must compete not just with rhetoric and words. 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. He had retired in 2016, leaving behind the day-to-day running of the family's businesses to his only son Lance Gokongwei. the passing of Mr. John Gokongwei, Jr. Business News Philippines 2023. His conglomerate company JG Summit Holdings, Inc., had an extensive panoply of business and investment holdings across the Filipino economy, including . Maybe Aboitiz is going to the third. (Arguably, its already in the fifth.). 2023 ABS-CBN Corporation. That was one week before he passed. His conglomerate company JG Summit Holdings, Inc., had an extensive panoply of business and investment holdings across the Filipino economy, including . As the business morphed in size and scope, the brothers found their ways complementary and the payoff substantial. But one in particular made me pause and reflect. 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. The Lasallian MASTER recognition was awarded to Mr. John Gokongwei Jr. at the launching of the DLSU College of Business and School of Economics last June 11, 2010 at Dusit Hotel in Makati City. She now writes for a number of websites and other online media publications. Their love gifted them with six children: Robina, Lance, Lisa, twins Faith and Hope, and Marcia. 1! Angkong also always gave me stock advice. When I saw my wife for the first time, she was 17 and I was 23 or 24, says Gokongwei. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. When he saw his grandfather, the boy asked why were his parents were making him work that summer job? Gokongwei's only son, Lance, is president. The family would shuttle back and forth between China and the Philippines, but the fortune was lost when Gotiaoco's grandson, John Gokongwei Sr. passed away prematurely. Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. He is also survived by wife Elizabeth and daughters Lisa, Robina, Faith, Hope and Marcia. 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. Under Big Johns leadership, he launched Universal Corn Products (now Universal Robina Corporation), Consolidated Food Corporation (later CFC Corporation), JG Summit Holdings, Cebu Pacific Air, Robinson Retail Holdings, and more. What did they talk about in that last conversation? He learned that war is a great equalizer, but he bounced despite the difficult road, with his business conglomerate as one of the fixtures of the Philippine business environment. This year, two of the Philippines' greatest taipans passed away, both peacefully. [14], In December 2022, Gokongwei announced his resignation as President and CEO of Cebu Pacific. Johns eldest daughter, Robina, has been serving as the operations head and COO of Robinsons Retail Holdings, Inc. (which owns the Robinsons Malls) since 2002. In 1977, Gokongwei earned his Master of Business Administration from De La Salle University. In 2013, his company bought the stake of San Miguel Corporation in Meralco, the largest power distributor in the country, for close to $1.8 billion. He always made sure that he worked hard and smart, giving 100% of his effort in everything he did. Tweet John Gokongwei Jr. In 2013, Johns company purchased San Miguel Corporations stakes in MERALCO, the Philippiness biggest power distributor, for almost $1.8 billion. These days she fusses after him. [5] He went to Xavier School for his first two years of high school. In 1957 Gokongweis business was getting bogged down by import controls that made it difficult to obtain licenses. 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. He and my grandmother would always winthese two old fellows who, in their late 70s back then, were still very, very sharp. He also made generous donations to institutes such as the University of San Carlos, the De La Salle University, the Sacred Heart School, the Xavier School, and the Immaculate Conception Academy. The eldest grandchild of Mr John he is the son of Robina Gokongwei Pe he said that his grandfathers journey was that of true grit, and that despite his enormous success the business titan has remained humble. 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.". On dating, Angkong actually asked me: Do you have a girlfriend? I replied: No. He then advised me: Alright, play around, play around., What were Gokongweis pieces of advice to his grandson? He then asked me: You have girlfriend? They were the victors at the time.. It has also provided the content and technology teachers and other stakeholders need to develop their skills as educators." Everybody called him Big John, but we his family, siblings and wife Elizabeth called him Iya, which means Lovable Baby. My father John Gokongwei, Sr. died when he was only 34, my mother was a very pretty, 30-year-old widow. Hisgreat-grandfather(18591921; simplified Chinese: ; traditional Chinese: ; pinyin: WWnzho; Peh-e-j: GBnthiu),a young peddler from China, was HispanizedasPedroSingsonGotiaoco(simplified Chinese: ; traditional Chinese: ; Peh-e-j: G-thiu-ko) and became one of the Philippines' most prominent Chinese Filipinos. With his money, Big John founded his cornstarch manufacturing company, Universal Corn Products, in 1954. Learn how and when to remove these template messages, Learn how and when to remove this template message, "2022 Forbes list: Sy siblings still richest in PH, Villar is biggest gainer", "John and Elizabeth Gokongwei: A love story not limited by life on earth", "Lance Gokongwei really, really wanted to be a baller: Find out how he's living out his dream in Xavier's alumni team - Bilyonaryo Business News", "CEO in the news: JG Summit's CEO-to-be is already putting ambitions into action", "Lance Gokongwei is proof you should never judge a man by his car", "URC poised to grab leadership in 'healthy' beverage market", "Find out why Gokongwei's potato chip venture with Japan's Calbee bombed - Bilyonaryo Business News", "Lance Gokongwei resigns as Cebu Pacific President & CEO", "JG Summit appoints Lance Gokongwei as CEO", "JG Summit Q1 net income down 19% on coronavirus concerns", "Lance Y. Gokongwei appointed board member of top sustainability reporting standards body - BusinessMirror", "Lance Gokongwei lets wife be CEO of household: "She's the gold standard in parenting", "What Does Lance Gokongwei Want His Children to Know", https://en.wikipedia.org/w/index.php?title=Lance_Gokongwei&oldid=1136120034, Articles needing cleanup from November 2022, Cleanup tagged articles with a reason field from November 2022, Wikipedia pages needing cleanup from November 2022, Articles with a promotional tone from October 2022, Articles with multiple maintenance issues, Articles with unsourced statements from December 2022, Creative Commons Attribution-ShareAlike License 3.0. , both peacefully a small-time importer of second-hand goods and owned a huge trading company, trading! Brothers found their ways complementary and the payoff substantial were good soldiers., as the business morphed in size scope! 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