Manuel Pangilinan Biography, Success Story, Net Worth

Manuel Pangilinan is a Filipino entrepreneur and philanthropist. He is CEO of Hongkong-based First Pacific Group which control many utility companies in the Philippines.

Manuel Pangilinan
Manuel Pangilinan (Credit: basketball.Exchange.ph)

Personal Information
Complete Name –> Manuel Velez Pangilinan
Nickname –> MVP, Manny
Birth Date –> July 14, 1946 (Age 75)
Hometown –> Manila, Philippines

Net Worth
In 2013, forbes.com ranked Manny Pangilinan as the 50th richest Filipino. Since then he was no longer on the list but looking at the increase in the stock price of listed companies which he controls, he is definitely richer today.

Family
Father –> (Former bank executive)
Grandfather –> (Former Secretary of Education)
* Manny is single.

Education
College –> Ateneo de Manila University
Degree –> Economics
Masters –> Wharton School of Business of the University of Pennsylvania
Degree –> Master in Business Administration

Manuel Pangilinan who is popularly known as MVP, was born to a middle class family. His father was a former bank president and his grandfather was a former secretary of education. He finished a degree in economics from the Ateneo de Manila University and his MBA from Wharton School of Business of the University of Pennsylvania. Upon his return to the Philippines after graduation, he got a job as executive assistant to the president of one of the biggest conglomerates in the Philippines. After 6 years, he proceeded to Hong Kong to work in a Filipino-owned investment company. Later, he transferred to an affiliate of American Express.

In 1981, he founded First Pacific (FP) with the help of an Indonesian billionaire. Together, they propelled FP to what it is today: a holding company that owns the largest food company in Indonesia and all the largest utility companies in the Philippines including telecommunication, electricity distribution and generation, water, and transportation. It also owned the largest mining company, the largest hospital group, and the largest media group which includes a television station and several newspapers. It has also investments in Thailand, Vietnam and Australia.

MVP is the owner of a basketball team in the Philippines. He has mobilized his entire group of companies to help in previous calamities that hit the Philippines. He is single.

See also: List of Top Filipino Entrepreneurs and their Stories

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