The Success Story of Ramon Ang

One of the most influential businessmen in the Philippines was born in Manila on January 14, 1954. His name is Ramon Ang, the chairman of the Philippines’ largest conglomerate, San Miguel Corporation. He is also the founding chair of Eagle Cement Corporation. According to forbes.com, his net worth is $1.8 billion, ranked #8 among the 50 richest in the Philippines for 2020.

Ramon Ang
Ramon Ang (Credit: CNN Philippines)

Ramon was the son of ethnic Chinese couple of modest means. He obtained a degree in mechanical engineering from the Far Eastern University in Manila. His business career started in the late 1970s when he engaged in the importation of vintage cars and engines. At about the same time, Mark Cojuangco, the eldest son of Eduardo Cojuangco who belonged to one of the richest and most powerful clans in the Philippines, was also in the same hobby. Friendship between the two developed and later, Mark introduced Ramon to his father.

In the early 1980s, Ramon was recruited to become the general manager of Northern Cement, a firm controlled by the elder Cojuangco. Later, he was appointed as a trusted executive of San Miguel Corporation, the country’s biggest beer, food and packaging company which was then controlled by Cojuangco. As President and COO, he engineered the diversification of San Miguel into unrelated industries such as petroleum, infrastructure, and power generation. Personally, he invested in hotel and property development, cement, and a host of other businesses.

In 2010, Ramon opened one of the biggest cement production plants in the country. It is owned by Eagle cement Corporation, a company he personally controlled. In 2017, he entered the newspaper industry by acquiring Philippine Daily Inquirer, the country’s largest daily.

Ramon is married to Tessie Ang. The couple is blessed with 8 children. His son John Paul is president of Eagle Cement and daughter Monica is finance officer. Another daughter, Cecille is manager of the family-owned Diamond Hotel. His son Jomar passed away on April 11, 2020. He was Chief Financial Officer of his father’s car dealership business, RSA Motors which launched BMW cars and inaugurated the BMW motorcycle dealership last year.

References
https://www.rappler.com/business/175985-business-duterte-friend-ramon-ang-san-miguel
https://www.rappler.com/business/179932-ramon-ang-philippines-10th-richest-2017-forbes
https://www.rappler.com/business/12158-how-ramon-ang-paid-for-cojuangco-s-shares-in-san-miguel
http://www.philstar.com/business/2012-07-03/823758/phenomenal-rise-ramon-ang
https://www.forbes.com/profile/ramon-ang/
http://www.bloomberg.com/research/stocks/people/person.asp?personId=692729&privcapId=878660

See also: Top Filipino Entrepreneurs

See also: Top Filipino Billionaires

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