- Institute for Global Leadership

A Wealthography and Powertocracy
of the Philippines
♣ = Politics
♣ Aquino
Period of Familyʼs First Election to
Legislature:
Pre-CW = Pre-Commonwealth (1907-34)
CW = Commonwealth (1935-42)
P-WR = Post-War Republic (1945-59)
ML = Martial Law (1972-86)
PM = Post-Marcos (1986-Present)
ʻTessieʼ
Aquino-Oreta
• Congresswoman
• 3rd District-Tarlac
• NPC party
Lopez
• Oscar Lopez, 78:
• 3x VP of Philippines
• Founded University of Iloilo
• ABS-CBN Broadcasting Co.
• Bayan Telecom
• Meralco - 74% monopsony over
Luzon power generation
• Other Biz: Maynilad, First Gen,
Manila North Tollways, Rockwell
Land Corporation
♣
Sergio Osmeña
criticized for
close ties to
Lopez family
ew
Gilberto
♣
ʻNoynoyʼ
Aquino III
• Congressman
• 2nd District-Tarlac
• Liberal Party
2nd
cousin
• Congressman
•1st DistrictTarlac
♣
Sergio
Osmeña III
• Former Senator, 1995-07 Independent
• Known as fiercely anti-corruption
• Some former business affiliations:
• Director, Philippine National Bank,
1992-95
• Director, San Miguel Corp.,
1993-95
• Founder of Justice for Aquino
Justice for All (JAJA)
Movement
broth
• Politically
ambitious
celeb
•
•
•
•
Antonio
Cojuangco
New-$$ Businessman
Smart Telecom
Chairman, PLDT
Led purchase of Meralco shares
• Has paid off MILF insurgency
in Mindanao to target towers
of Globe Telecom and
not Smart.
♣ Raul
♣ Tomas
Osmeña III
ers
• Congress,
2001-07
• P85 mill
n
V. del Mar
•
cousins
Ongpin
was
Marcos
era TradeMinister
Ramon
Cojuangco
Manuel
V. Pangilinan
ʻMVPʼ
Pre-CW
• Mayor of Cebu
City, 1998-95,
2001-07
Cojuangco
w
ephe
• Former director,
PLDT
• Congress,
2001-04
• Cebu Province
• John Henry Osmeña
• Senator, 1972-73,
1987-95, 1998-04
• Esteban de la Rama
• Former
Senator
Ashmore
bought govʼtʼs
40% share of
Petron without
bid and sold it
directly to SMC.
♣ Marcos
Congressman,
1987-98, 2001present
• Director, Bank of
Commerce
♣
Garcia
• Manuel Garcia
• Congress, ʼ78-ʼ01
• Vincent Garcia, 42
• Congress, ʼ01-ʼ04
ario
• Rodolfo P. del Ros
• Congress, ʼ78-ʼ98
ario
• Rodolfo R. del Ros
• Congress, ʼ87-ʼ92
• 2 mayors of Davao
City
Marcos owned 60% of
each of Tanʼs 9
companies, including
Fortune Tobacco
Corp; Asia Brewery
Inc; and Allied Banking
Corp.
Lucio
Tan, 74
•San Miguel Corp.
• Now own 34% of Meralco
• 3 congressmen have
w
declared ties (2006)
nephe
• Congress,
2001-04
• P75 mill
Kris
Aquino
Osmeña
Pre-CW
• 9 members in congress
since 1907 - 25 relatives in
congress since 1898
•Family - over 9000 hectares land
•Allied with every Rep. from
Negros Occidental but one.
•Eduardo Cojuangco, 73
Brother
/Sister
♣ Gilberto
Aquino
Emily
Lopez
♣ Teodoro Jr.
Cojuangco
son
s Beef
Busines opezL
n
e
e
betw
coʼs
Cojuang
• Congress,
2001-04
♣
ne
uncle
aunt
spouse
• Former Congressman,
House Speaker
• Led formation of LDP
party (pro-Aquino)
in 1998
ph
ʻButzʼ
Aquino
• Senator
• Makati City
• LDP party
Albertito
Lopez
♣
• President, 1986-92
• Widow of Former Senator
and Marcosʼ rival Ninoy
Aquino
• Heir to Cojuangco
sugar fortune
• Congresswoman,
2001-04
• Last remaining
member, Marcosʼ
KBL Party
y
♣
aunt
Jesli
Aquino
Lapus
ʻPepingʼ
Cojuangco Jr.
Imelda
ʻImeeʼ Marcos
ron
♣
Eduardo
Cojuangco:
Godfather of
Bong-Bong
Marcos
♣ Jose
♣
sc
Brother/
Sister
• Senator
• Former
Congresswoman
Shared a jail cell
together under
Marcos Martial Law
Brother/
Sister
Corazon
“Cory”
Cojuangco Aquino
daughter
• Ferdinand & Imelda
• Bong-Bong Marcos
• Only son of Imelda
and Ferdinand
•Aremla - Marcos
Foundation
rco
ʻTessieʼ
Aquino-Oreta
• Senator
♣
• Former
Congresswoman
Brother/
Sister
♣
♣ Marcos
Ma
Fact: 87% of
senators declared
assets of more than
P11m... 25% have
P100-500m (2006)
♣
Pre-CW
• Servillano Aquino
•Congress, 1898
•Benigno Aquino Sr
•Congress,
1919-39
Roberto
Ongpin
• Fortune Tobacco
• Alliance Global
• Philippine Airlines
• Eaton Properties Ph
ilippines Inc.
• Golden Arches Devel
opment
Corporation
• Emperador Distillers Inc
. - Brandy
•Gaming, Tourism, Office
Buildings/
Residential Complex
es for MNC's
• Ongoing criminal
investigations for tax
evasion
• Ashmore Group
representative in
Philippines
♣ MacapagalArroyo
• Gloria M-Arroyo
o
oy
Arr wns
e
o
k
Mi retly e
sec hmor
As
ted
g
lita
aci riggin illion
f
y
il
m
am vote o - 1
F
4 na
rcia 00
Ga Aʼs 2 Minda erced
GM rt in re co
effo es we
vot
(GMA)
sent
• President, 2001-pre
• Diosdado Macapagal
t,
• Former Presiden
late father of
GMA
n
so
Mike
Arroyo
♣ Mikey
Arroyo
• Congressman
• Pushing for Charter
Change in the
constitution before his
mom steps down
in 2010
spouse
son
• Ashmore Group
.
• Alpha Land Corp
(Hong Kong)
• Implicated in World
Bank Scandal - bidding
anomalies with ZTENBN
Ayala
• Descends from Juan
Ayala (circa 1475) - big
landowner
• Patriarch Antonio de Ayala sailed
for Manila 1800s and established
an industrial partnership with
Domingo Roxas, descendant of
Antonio Fernández de Roxas,
who migrated to the Philippines
in 1695, and later with Dr.
Johannes Andreas
Zobel
A Wealthography and Powertocracy
of the Philippines
Margarita Roxas de
Ayala (1826-1869) =
Matriarch of Roxas,
Ayala, and Zobel
families. One of
greatest Philippine
businesswomen of all
time
♣
♣
Pre-CW
Pre-CW
Roxas,
• Jaime Z. de Ayala, 74.
Jaime Augusto and
Fernando
ZdeA currently active at
Aya
la Corp.
• Ayala Corp. - oldest con
glomerate in the
Philippines, 7 genera
tions under Zobel de
Ayalas
• Own much of Metro Manila
real estate
• Bank of Philippine Isla
nds
• Ayala Land Inc.
• Manila Water Co.
• Globe Telecom
Inigo & Mercedes
inherited stakes in
Ayala Corp. from
late aunt Mercedes
Zobel McMicking
Possibly the
most powerful
and tenured
family in
Philippine
history
• Ariston Estrada
Jr., Former Direc
tor
:
• AC Intʼl Finance
Ltd.
• Ayala DBS Holdi
ngs
Inc.
• B.P.I.
Mercedes
Zobel
• Mercedes helps run
Enrique Zobel
Foundation
Assets
of
a
successful
Filipino
family:
• Wealth
accumulation
• Political
violence
• Strategic
politically‐
A provision
motivated
marriages
in the 1987
• Patronage
constitution
prohibited
• Diverse
business
interests
“Political
• Control
of
media
and
or
Dynasties”...
propagation
of
popular
myths/ideologies
to
justify
one’s
family’s
dominance
?
en
♣
an
during American Colon
ial period
• Consuelo Zobel Alger
(daughter)
• Siblings with Mercedes
♣ Garyrgarito
son
Teves
•Former Senate President
•Civil Society Leader
•Pushing for
impeachment of current
Ombudsman
Gutierrez
Teves
• Hermenio G.
Teves
iguel
San M
ard of juangco)
o
B
•
(Co
Corp. f Mermac
rd o
a
o
B
•
Inc.
♣
Ortigas
• Ortigas & Co. Limited
Partnership
• Ortigas Family
Foundation
• Real Estate
• Andrew Tan, 59
• Chair of Megaworld
Corp.
• Large multi-use realestate and technology
parks
♣ Ramos
• Former President, 1992-98
• Currently the Chairman
Emeritus of Lakas CMD
(Christian-Muslim Democrats)
Party
•Under Marcos was head of
the Philippine Constabulary,
implementing martial
law
Ronald
Teves
• Department of
Agriculture
Tan
Caktiong
g, 55
Tan
At height of Vote-Rigging
scandal in 2005, Ramos
publicly convinced GMA
not to resign from office.
♣ Yuchengco
• Yuchengco Group
of
Companies
• MICO Equities Inc
., Pan Malayan
Management an
d Investment Co
rp.,
Mapua Institute of
Technology, Nippo
n
Life Insurance Co
., Rizal Commerc
ial
Banking Corp., GP
L Holding, House
of
Investments Inc.,
BA Savings Bank
,
Dole Philippines,
Philippine Long
Distance Telepho
ne Co., Benguet
Corp., Philippine
Fuji Xerox Corp.
• Industries: FIRE, Ba
nking,
Education, Telec
om,
Manufacturing
• Fidel V. Ramos
nephew
Inigo
Zobel
Salonga
Jovito Salonga
• Congressman
• Agriculture Committee
• Hermino Teves & Co.
Inc.
• sugar milling
• Secretary of Finance
• President, Land Bank
of the Philippines
• Comes from
Ayala Corp.
• Current Senator
• Books-for-the-Barangay Foundation Inc.
• education for poor
• Abad Santos Madrigal Foundation Inc.
• women/children empowerment
• Aunt Pacita Madrigal-Gonzales and
grandfather Vincente Madrigal both
former senators
ed
ten
h
g
li
• Most important businessm
Ma
• Inigo & Mercedes
Zobel
• Mermac Inc. - Stake
s in
Ayala Corp.
• Enrique Zobel Foun
dation
• Enrique Zobel =
late cousin of
Jaime
•Maria Ana Consuelo “Jamby”
Madrigal-Valade
• Daughter of
Henry Sy
• CEO Banco
de Oro Uni
• SM Investm
bank
ents
• Banco de O
ro Unibank
C
• hina Bankin
g Corp.
•Real Estate
• Retail - Mall of
Asi
• Massive wea a
lth
♣
Pre-CW
Estrada
• Teresita SyCoson,
56
Don
Enrique Zobel de
Ayala
Zobel
Ariston Estrada Jr. - Director &
Advisor to Chairman of Ayala
Corp. since ʼ83
Manuel
Roxas
eral Party
• Started Lib
in 1945 to oppose
Sr.
Sergio Osmena
(Nacionalista
party)
Chairman:
Company, Inc.
• Roxas &
le, import of IT
• Wholesa
ts
uc
od
Pr
nd Corp. • Roxaco La
velopment
De
y
ert
op
Pr
s
ng
ldi
Ho
s
• Roxa
• Sugar
Manufacturing
Zobel
de Ayala
• Very wealthy and political
family
Sy
Roxas
• Antonio J.
♣ Madrigal
• Tony Tan Caktion
n, & CEO
• Founder, Chairma
Jolibee Foods
of Philippines
• Board Director
ne Co.
Long Distance Telepho
(PLDT)
y bought
• PLDT Recentl
10% share in
Meralco
Razon
♣ Alfonso
T. Yuchengco, 85
:
• Chair - Rizal Comm
ercial
Banking Corp.
• Chair - Mapua Instiu
te of Tech
• Board of Advisors Co
lumbia
Business School
• RP Permanent Rep.
to U.N.
• Major politician
• Enrique R
azon
Jr., 48.
• Internationa
Terminal S l Container
ervices
• Port oper
ations
2/3 of House
and 1/2 of
Senate is from
a political clan
• Ramon Magsaysay
• President, 1953-57
♣
Sr.
on
Magsaysay
• Genaro Magsaysay
• Senator, 1960-72
• Leonardo B. Roma
♣
Vincente
Magsaysay
-2004
• Congress, 1969-72
,
1992-01, 2004-07
.
• Magsaysay Group of
Companies
• Governor of
Zambales
C
si
s
Cousin
• Congress,
1987-92,
1995-07
Albert
S. Garcia
♣
Eulogio
R. Magsays
ay
Ne
Enrique
♣ Garcia Jr.
ph
e
w
ns
•Congress, 2004
-0
• Mayor of Bala 7
nga,
1998-04
• Congress,
2004-07
♣ Rosario
•Ramon del Rosa
rio Jr.,
64
• Chief Exec: Philip
pine Investmen
Management
t(Phinm
•1 year as Secretar a)
y
of
Fin
an
ce
•Recently Chaired
Makati Busin
Club
ess
• Advocate for educ
ation
•Ramon V. del Ro
sario, Sr.
Center for Co
rporate
Responsibilit
y
Villar was Senate
President until Nov.
08, when he
resigned for lack of
support. Enrile took
position.
♣ Panfilo
“Ping” M. Lacson
• Presidential Hopeful 2010
• Senator, chairman of
Committee on Accoun
ts
• Opposition, Anti-Corruptio
n
• Hard-line Right Wing Former
head Philippine Na
tional Police
• Green Rock Construction
&
Development Corp.
• P20m collection of
motorcycles, P5m of
guitars
Lacson nominated
Enrile as President of
Senate in 2008
♣ Villar
PM
• Vista Land, Polar
Property Holdings
♣ Lim
•Manuel Villar Jr., 60:
•Senator, Chairman of...
•Accounts Com., Finance
Com. Vice Chair of
Agriculture and Food
•Presidential plans 2010
• Interests: Real Estate
& Property
• Enrique Aboi
tiz, 86
•Aboitiz Equity Ventu
res
•Aboitiz Transport Sy
stems - ferries/
buses
• Ramon Aboitiz Foun
da
• Local Cement Magn tion Inc.
ate
• Banking, Food, Re
al Estate, Logis
tics
• Used to be very clo
when ESDA II ha se to Estrada, but
ppened Enrique
disappeared fro
m limelight.
♣ Lacson
•Lacson Commercial and
Industrial Corporation
Edgardo G. L.
• President, Philippines Ch
Commerce and Indust amber of
ry (PCCL)
Arsenio L.
• Former Mayor Manila (en
lightened?)
Panfilo P. L. Jr.
• Daimler Motor Corp./Phi
ls Eviro Services
Inc.
Ronald Jose P. L.
•Malcas Intʼl Aviation Service
s Co.
• Bingo World Inc.
• Pro-Big-Pharma
• Congresswoman,
2001-07
•Father was in congress
•P325 million worth
• Real estate,
development
♣
“Jin
a
Estrad
Cayetano
♣ Allan
Pilar
♣ Juliana
tian
Cayetano-Sebas
nator
• Current Se Chairwoman:
e
• Committe
nt and
• Environme urces
Natural Reso
d
• Health an
Demography
• Current
Congressman
Rules
•Chairman,
Committee
er/
oth r
Br Siste s
law
in-
Fok
• Henry
• Tan Yu:
•RP philanthr
Real Estat opist and
e
•Once riche
•Founder of K st in RP
TTI
Foundation
&A
Internationa siaworld
l Group
Virata
Fok, 82
s to China
ed supplie
despite U --> wealth
ar
Macau
Korean W
Jogos de d by
edade de
owne
g,
in
bl
• Soci
am
• G
Ho
Hong
00million to ce
$1
ed
at
on
Scien
•D
of
ity
rs
Kong Unive
and Tech
• Smuggl .N. embargo during
Yu
Ho
• Stanley Ho, 87
• Gambling
• Citizen of Hong
Kong
•Luis J.L. Virata
• 1999 stepped in as
CEO of Philippine
Airlines, replacing
Lucio Tan
• Large shareholders of
Nickel Asia
r
enato
rrent S
• Cu tro Bar
is
•B
Inc.
mily
• Cayetano Fa .
Foundation Inc
ldings Corp.
• Sanpil Ho
velopment Inc.
• Slarep De
velopment Corp.
De
os
ter
• Pa
res Inc.
ntu
Ve
y
rca
• Pa
tion
mphony Founda
• Gabriel Sy
.
Inc
• Property
Development/
Peter
Cayetano
• Career Politician Senate
nt of
•Current Preside
e Minister, right-wing
• Marcosʼ Defens
Later led
man during martial law.
EDSA I.
ino for recent
• Blasted Jose Aqu
Legacy Group Scandal
s:
•Business interest
- distribution,
• JAKA Group
food, land, property and
security, finance.
spouse
PM
Mother
- Son
♣ Jose ”
ggoy
♣ Juan
Ponce Enrile
•Mayor of Manila,
1992-98, 2007-present
•Former Senator
•Declared Business Interests:
•Land Bank of the
Philippines
Cynthia
Villar
A provision in
the 1987
constitution
prohibited
“Political
Dynasties”...
Luisa
EjercitoEstrada
tor
•Current Sena
ph Estrada
• Wife of Jose
t,
(former presiden
senator)
e
• Real Estat
• Alfredo Lim, 80
Aboitiz
♣
Jr.
• Current Senato
• Country Comm r
unication
Network Inc.
• Cable Comm
unica
• RMJ Developm tions Inc.
en
• Was head of Ag t Corp.
riculture
Committee
during
Fertilier Scan
dal of
ʼ04
n
• Governor of Bataan,
• Antonio M. Diaz
ou
A Wealthography and Powertocracy
of the Philippines
Ram
♣ Magsaysay
Magsaysayʼs a
historically nonviolent, non-rentseeking family
Familyowned firms =
2/3 market
capitalization
of Phisix
Fok helped finance Hoʼs bid for a
gaming license in 1960ʼs... 2006
owned massive stake in Hoʼs
Sociedad de Jogos de Macau
Soriano
♣
• Cousins of the Zobel
de Ayalas
uel • Used to own San Mig
the
into
ing
buy
ted
star
govʼt
company then Cojuangcoʼs
assumed control
A Wealthography and Powertocracy
of the Philippines
Lorenzo
• Moro Lorenzo
(Luis)
• Ismael Mathay
Dy
• Congress, 12th
House Rep
• P85 million worth
•Marcos Cronies
• Mernardo Jimenez,
76
Duavit
Duavit
• Gilberto
Jr
O of
& CO
• Exec. VP ork
GMA Netw
has
• Family
35% share
• Family Patriarch
• Close ally with Ninoy Aquino
but shifted allegiance to
Marcos after Martial Law
declared
• Logging and Politics in
Isabela province
since 1960ʼs
Gotianun
• Andrew Gotianun,
80
• Congress, 3 terms
• Governor, Isabella
Caesar
Dy
• Mayor of
Cauayan
yat
♣ Pu
P-WR
• Political family congress since
1952
• In business since
1907:
• Steel
manufacturing
•Multimillionaires
Yap
• Emilio Yap, 82.
•Philippine Trust, Centro
Escolar University Hospital
• Banking, Hospitality,
Universities, Construction
materials, Media,
Healthcare
Lance
• JG Summit
• Air Transportation,
Banking,
Food Manufactur
ing, Hotels,
Petrochemicals,
Power
Generation, Re
al Es
Property Develop tate and
ment, Telecommunications
Jimenez
• Mernardo Jimenez,
76
+ Metrobank Foundation
• AXA Philippines
(subsidiary): Life Insurance
ippine Islands
• Stakes in B of Phil
k
and Philippine Savings Ban
(MB subsidiary)
nal
• Built CT Internatio
Tower in Makati City
•
Former GMA Network CEO
• Media 2nd largest in
RP
• Sits on board of
Cojuangcoʼs San
Miguel Corp.
Azcona
In 2001, all 5
Dy brothers
held public
office
• Mayor of
Alicia
• Filinvest 1955 - consumer
finance group => Filinvest
Development
•Son Jonathan chairman,
daughter Lourdes
Josephine G. Yap,
president
Faustino
Dy Jr.
• Congress, 12th
Rep
• Lorenzo Sarmiento
• Congress, former house
representative, served 3
terms
• Family business:
Vitarich
• agribusiness
giant
Ty
• George Ty, 76
obank
• Son Arthur Ty - Metr
Faustino
Dy III
Napoleon
Dy
♣ Sarmiento
• Former GMA Network CEO
• Media 2nd largest in RP
• Sits on board of
Cojuangcoʼs San Miguel
Corp.
• John Jr., 82 - son
• Maj. Gen. Car
los F.
Garcia
• Wife Clarita,
sons Timot
hy
Mark, 25, Ia
n
Juan Paulo, Karl, 30, and
27
• Entire family
is
arrest in U.S under
. for plunde
r
of over P303
million
from RP!
Mathay
P-WR
Faustino
Dy Sr.
Gokongwei
Garcia
• Influential Politics and
Business
• Pepsi Products Philippines
Inc.
• Manufacturing
• Vivian Que
Azcona:
Sandoval
l
te Sandova
• Vincen an, 12th House
ongressm
• Stake in
Mercury Drug
•C
Victor
Dy
• Bangaray
Captain, San
Fermin,
Cauayan
th
million wor
• P240 sses:
ne
si
Bu
• Family
g, shipping
• Fishin pointment of a Depʼt
the ap
d
le
al
St
ural
•
ent and Nat
of Environm c he wanted to
b/
es
Resourc
within 15km
ban fishing
es
or
sh
of
♣ DiMaporo
Consunji
• David M. Consunji, 87
• Chairs DMCI Group -
construction
•Manila Drʼs Hospital
•Manila Hotel
•Son Isidro is Chief Exec., daughter
Edwina is treasurer
• Group's coal subsidiary,
Semirara Mining Corp., is
nation's largest.
• Augusto Syjuco
• Congressman, 12th
House
• P250 million worth
• Family business:
• Beverage
manufacture,
real estate
Gordon
♣
n
rd Gordo
• Richa
• Abdullah DiM
ap
•Congress, 12th oro
House
Rep
•P107 million wo
rth
•Used politics to
amass wealth
♣ Syjuco
Senator
• Current Business Interests:
red
la
ec
D
rp., Atlas
•
Miguel Co ing Co.,
• San
Min
ed
at
lid
so
Con
., Aboitiz
oods Corp pino
Jollibee F
lip
hi
P
s,
re
tu
Equity Ven orp., Meralco,
C
e
on
ph
le
Te
g
hilex Minin
Filinvest, P hilippine
tP
irs
F
,
p.
or
C
Holdings
business interests!
Campos
ice
• Beatr
Campos Jose, coof
•Widow of Unilab
founder
a
• Pharm
A Wealthography and Powertocracy
of the Philippines
Presidential
Election Year
1988
Evolution of Political Parties Post-Marcos
Laban ng
Demokatikong Pilipino
(LDP)
KBL
• Formerly a
huge Marcos
party
• Peping Cojuangco Jr. (Cory Aquinoʼs brother)
• Pro-Aquino party
• Formed 1987
LP
NP
(Liberal Party)
(Nationalist
Party)
LakasNUCD
1992
LDP
massive
defections after
Ramosʼ election
• Fidel Ramosʼ presidential party
• Supported by Aquino
KBL
LP
Nacionalist
Peopleʼs Coalition
(NPC)
• Danding Cojuangco
•Failed presidential bid
LAMMP
• Jose Estradaʼs presidential party
Lakas
1998
LDP
KBL
LP
NPC
LDP
2001
Aksyon
• Panfilo
Lacson
LakasNUCD
• Gloria Macapagal Arroyoʼs party
• People Power Coalition
KBL
LP
NPC
• Raul Roco
• Failed presidential
bid ʼ98
NPC
NPC
Imelda “Imee”
Marcos is only
KBL rep in the
12th Congress
Since 2004, NPC
has been divided
between Pro-GMA
and Anti-GMA
members