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News and Events

(Look) Are Congress Members Getting Richer and Richer Over the Years?

The average net worth of House of Representatives members almost doubled in the last six years

Most Filipinos have the impression that members of the Philippine House of Representatives (HOR) belong to the well-to-do classes if only because there are less than a handful of congressmen and women who are not millionaires.When a summary of the House members’ ...

by Pauline Macaraeg  | August 07, 2018 03:00:00
News and Events

How Rich is House Speaker Gloria Macapagal Arroyo?

A savvy wealth manager, the former President increased her fortunes in recent years

The ascension of former President Gloria Macapagal Arroyo to the speakership of the House of Representatives is perhaps one of the most important political events in the Philippines so far this year, generating almost equal measures of approvals and disapprovals.Yet, even those ...

by Pauline Macaraeg  | July 31, 2018 01:00:00
Run & Grow

Are You Rich and Don't Even Know It?

What does it mean to be 'rich?'

What does it mean to be "rich?” Does it mean an ability to afford basic needs like a home, clothing and food? Is it an arbitrary earning rate, like $100,000 per year or $1 million per year? Is richness measured by how much money you ...

by Eric Rosenberg  | July 10, 2018 06:00:00
Run & Grow

12 Expenses Successful People Don't Waste Time or Money On

Most financially successful people keep a close eye on their budgets and bank balances

People have struck it rich by launching social media startups, inspiring wildly successful crowdfunding campaigns and writing wizard-themed best-selling books. But most successful people have far more boring backstories of accumulating wealth through savvy spending and smart saving strategies.Aside from the occasional indulgence, most ...

by Charlene Oldham  | July 05, 2018 02:00:00
Startup Tips

4 Practical Tips for Building Up Your Savings to Launch Your Small Business

These everyday fixes can supercharge your stash and help you reach your goal.

Between 1980 and 2017, the U.S. personal saving rate dropped from 12.9 percent to just 2.4 percent. If you’ve seen a steep decline in your own savings, you’re not alone.Almost half of small-business owners say cash flow concerns keep them up at night, according ...

by Hayden Field  | May 20, 2018 08:00:00
News and Events

Here's Where the Duterte Admin’s 3 Richest Cabinet Members Keep Their Fortunes

Real estate, jewelry, financial investments and cash are the most preferred investments

When it comes to asset allocation, the three richest cabinet members of the Rodrigo Duterte administration have different strategies—at least based on their submitted statements of assets, liabilities and net worth (SALNs) for the year 2016.Public Works and Highways Secretary Mark A. ...

by Pauline Macaraeg  | February 27, 2018 11:00:00
News and Events

Last Year's "Billionaire Boom" is Actually a Sign of a Failing Economy, Says Oxfam

One billionaire was created every one or two days between 2016 and 2017

Earthlings made a lot of money in 2017, but 82 percent of all that glorious wealth went to just the richest one percent of the global population, says a report by Oxfam released yesterday. On the other end of the spectrum, 3.7 ...

by Esquire Philippines  | January 24, 2018 12:00:00
News and Events

How Rich are Filipinos Compared to Other Southeast Asians?

Data from Credit Suisse reveal the average net worth of adults living in the 10 ASEAN member countries

While the Philippines has the second highest GDP growth rate among Southeast Asian countries, its adult population only has the fifth highest average net worth in the region, according to a report by Swiss financial services company Credit Suisse.In its latest edition ...

by Lorenzo Kyle Subido  | January 08, 2018 09:00:00
News and Events

How Many People in the Philippines Had A Net Worth of $1 Million or More Last Year?

The latest Wealth Report from Credit Suisse showed the number fell slightly from 2016 to 2017

Around 38,000 Filipino adults had a net worth of at least $1 million (Php50.4 million) in 2017, according to Swiss financial services company Credit Suisse. That accounts for only 0.06 percent of the country’s adult population.In its Global Wealth Databook for 2017, ...

by Lorenzo Kyle Subido  | January 06, 2018 09:00:00
News and Events

How Would PH Billionaires Fare if They Were Part of Forbes’ 400 List of Richest People in America?

Henry Sy Sr. would land on the 25th spot while John Gokongwei Jr. would be 97th in the US rankings

Forbes magazine released the 2017 Forbes 400 list of the wealthiest people in America in October. Bill Gates led the 36th edition of the annual list with a net worth of $89 billion, followed by Jeff Bezos with $81.5 billion.The minimum net ...

by Pauline Macaraeg  | November 27, 2017 01:00:00
News and Events

Who are the Wealthiest Tycoons in the ASEAN Region?

Most of the richest people in each of the five original members of the regional grouping are self-made

When it comes to Southeast Asia’s richest tycoons, more have built their wealth from the ground up rather than inherit it from past generations.In the infographic above, Entrepreneur Philippines compared the five richest businessmen of five original member-countries of the Association of ...

by Lorenzo Kyle Subido  | November 14, 2017 10:00:00
News and Events

Guess What's the Average Value of Jewelry Held by Filipinos

Only 1 in 10 households own precious objects but more than 60% of them prefer jewelry over furniture or antiques

Filipinos affluent enough to invest in so-called precious objects prefer jewelry in the form of rings, necklaces, earrings, bracelets and other accessories to store accumulated savings.While only one in 10 Filipino households own precious objects, about 63.1 percent of those who do ...

by Pauline Macaraeg  | September 29, 2017 10:00:00
News and Events

The New Luxury: What are the Latest Indicators of Wealth?

Old Money is investing in something more practical

The widespread global success of luxury brandsâconsidering they carry the term âluxuryââowes a high percentage of its revenue to the spending of the middle class and little credit to the upper echelons of society as one would imagine. Members of the Old ...

by Hannah Lazatin for TownandCountry.ph  | July 09, 2017 12:00:00
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