Boss RSA as he is known to his employees in San Miguel
Corporation (SMC) is a self made billionaire.
Forbes magazine made an estimate of his net worth which
reportedly worth $2.3 billion. He currently holds the Presidency and ice
chairmanship od San Miguel Corporation, the Philippines’ oldest brewery.
As of 2021, Forbes ranked Ang as #9 in the Philippines 50 richest and #1444 in Billionaires 2021 list.
(photo credit to owner)
His current work involvements
President, CEO and COO of San Miguel Corporation (SMC) President
and CEO of Top Frontier Investment Holdings, Inc. Chairman of Eagle Cement
Corporation
RSA as a
private family man
He treasures his privacy, married to his wife Tessi and has eight
children. Currently, Ang’s daughter, Cecile, is the president of Diamond Hotel.
His son, John Paul is the CEO of Eagle Cement Corp while daughter Monic is the
treasurer and CFO.
Ang’s younger son, Jomar, passed away last April 2020, at the age of 26.
He served as chief financial officer of BMW distributor RSA Motors, and was
also involved in San Miguel Global Power Holdings Inc. At the time of Jomar’s
passing, the Ang family said in a statement that Jomar was a “dutiful, loving,
and kind-hearted son, brother and a loyal and dedicated friend to many.”
His educ
background and education
He was born in Manila, Philippines on January 14, 1954. His father owned
a repair shop for motor vehicles in Tondo, Manila.
RSA was a dedicated student who worked odd jobs in order to fund his
education and support his family. He graduated with a degree of Bachelor of
Engineering in Far Eastern University (FEU). He also finished his doctorate
degree in the same university.
In a speech to his alma mater’s 2018 graduating class, he acknowledged
that it was his years as a working student when he learned how to do business.
As he struggled in his humble life, he was able to develop business skills and
lay a solid foundation for long-term success. Importantly, he learned to interact
with people from all walks of life. He became sharp in reading and understanding
individuals and their motivations and abilities. He knew how to be resilient to
adapt to any situation, no matter how difficult, and to “make tough decisions
based on gut instincts.”
Business life As a
businessman
Ang learned how valuable it was to build long-term relationships with
partners, allies, and friends. He acknowledged that these were the key to his
success. After college, Ang followed in his father’s footsteps and went into
the vehicles business. But he took a step further as he focused on fixing and
selling luxury automobiles such as Japanese cars. He also traded and sold
hard-to-find parts. It was through this business that Ang met the late Eduardo
“Danding” Cojuangco when he sold him aluminum wheels.
This partnership paved the way for Ang to reach
the road to his success. Cojuangco, the SMC owner, believed in Ang’s skills
that he made him handle his cement enterprise in the north, then known as
Northern Cement.
Ang didn’t disappoint Cojuangco’s trust as he
made Northern Cement a profitable business. His entrepreneurial genius shone
and impressed the rest of the Cojuangco family. When the Cojuangco patriarch
had to leave the Philippines following the EDSA revolution, Ang took over and
handled the firm very well.
Years later, Cojuangco returned and appointed Ang as his successor in
SMC, selling him the majority of his shares
SMC under
RSA
Under Ang’s leadership, SMC transformed to be one of the Philippines’
largest and most diverse conglomerates in terms of revenue and total assets,
with sales equivalent to approximately 4% of Philippine GDP in 2020.
Food and beverage, packaging, fuel and oil,
energy, and infrastructure are among SMC’s five key business groups, with the
majority of them being market leaders in their respective industries. SMC also
has investments in other businesses such as property development and leasing,
cement, automobile distribution, and banking services.
Under SMC’s wing are the following firms: San Miguel Brewery (SMB) San
Miguel Pure Foods (SMPF) Ginebra San Miguel Petron Corporation San Miguel
Yamamura Packaging Corporation San Miguel Properties Inc. (SMPI) SMC Global
Power Holdings Corp SMC Infrastructure Anchor Insurance Brokerage Corp Archen
Technologies Bank of Commerce SMC Retirement Fund Office SMC Stock Transfer
Corp SMITS, Inc Prosync
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