The Aboitiz family is a prominent Filipino business family in Cebu City who runs Aboitiz Equity Ventures owned by the entire family. Jon Ramon Aboitiz served as the president of Aboitiz Equity Ventures and Aboitiz & Co. of the Aboitiz Shipping Corporation. The Aboitiz family’s origin is from Basque in Spain and is famously known as a large power producer through its flagship Bukidnon Hydropower Corporation and Aboitiz Equity Ventures.
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Jon Ramon Aboitiz serves as the President of Aboitiz Foundation. He began with the Aboitiz Group as a manager in 1970 after graduating with Bachelors of Science in Commerce major in Management from the University of Santa Clara, California. Aboitiz Equity Ventures aims at dealing with business development in power and banking. Aboitiz & Co. went public in 1994 while under Jon Ramon’s leadership. It has over the years expanded to power distribution and generation, freight forwarding, food-related business, industrial and commercial real estate development.
Jon Ramon Aboitiz is also the Chairman and the CEO of Davao Light & Power Co., the chairman of Veco and Aboitiz Jebsen Bulk Transport Corp. He is also the Director of Bukidnon Hydropower Corp., Hapag-Lloyd Phils., and Cotabato Ice Plant. As a result of such large involvement in so many areas of the economy, the Aboitiz family is blessed with great wealth. The family now has a net worth of $3Billion as of July 2013 and ranks no. 7 on Forbes Lists of the Philippines 50 richest.