George Ty
Birthname George Siao Kian Ty Birthplace Hong Kong City, Macau, China Education University of Santo Tomas Profession Banker Net worth $2,800,000,000 Source of Wealth Business - Banking (Metrobank) Nationality Filipino Marital Status Married (Mary Vy Ty) Children 5 (Arthur, Alfred, Margaret, Alesandra and Anjanette)Quick Links
Chinese Filipino finance wealthy person, George Ty had an estimated net worth of $2.8 billion. He founded Metropolitan Bank and Trust Company, currently the biggest bank in terms of Assets and Capital in the Philippines. It became the Philippines' second-largest lender, posted report income of $195 million in 2010.
Self-starter based bank the in his 20s, stepped down as chairman in 2006 in desire of son Arthur. The crew's energy unit started operating a brand new coal-fired energy plant in April 2011. His real estate arm, Federal Land, was in a position to construct a $Three hundred million lodge in Manila referred to as Grand Hyatt Manila that opened on January 23, 2018.
Earnings & Financial Data
Date | Category | Description | Amount |
|---|---|---|---|
2019 | Earning Turned Donation | Donation of The Metrobank Foundation, Inc. (MBFI) to CBCP Caritas Filipinas Foundation, Philippine Red Cross, and the Philippine Disaster Resilience Foundation (PDRF) and the GT Foundation, Inc. (GTFI), the Ty circle of relatives basis for its college building program and the Tzu Chi Foundation | $523,200 |
2018 | Asset | Investment of George Ty's Federal Land in a mixed-used skyscraper positioned in Bonifacio Global City, Taguig, Metro Manila referred to as Grand Hyatt Manila | $300,000,000 |
2018 | Asset | Current value of George Ty's 207,000 equities in GT Capital Holdings Inc (GTCAP) Auto, Truck & Motorcycle Parts | $3,840,000 |
2018 | Asset | Current value of George Ty's 17,449,393 equities in Metropolitan Bank & Trust Company (MBT) | $28,860,000 |
2017 | Asset | Purchase value of George Ty's holding company, GT Capital Holdings, Incorporated's 15% strategic stake in MPIC | $570,000,000 |
2017 | Sale of Asset | Sale of George Ty's preserving company, GT Capital Holdings, Incorporated's 56% equity stake in its power unit, Global Business Power Corporation (GBP), to Beacon Electric Asset Holdings, an affiliate of Pangilinan-led Metro Pacific Investments Corporation (MPIC) | $420,000,000 |
2015 | Sale of Asset | Sale of the Ty family's 20% stake in Manila Doctors Hospital to MPIC | $7,030,000 |
2015 | Others | Other annual repayment as the co-chairman of Metropolitan Bank & Trust Company | $970,000 |
2015 | Bonus | Bonus because the co-chairman of Metropolitan Bank & Trust Company | $2,490,000 |
2015 | Salary | Annual wage as the co-chairman of Metropolitan Bank & Trust Company | $6,160,000 |
2014 | Others | Other annual compensation because the co-chairman of Metropolitan Bank & Trust Company | $970,000 |
2014 | Bonus | Bonus as the co-chairman of Metropolitan Bank & Trust Company | $2,280,000 |
2014 | Salary | Annual salary because the co-chairman of Metropolitan Bank & Trust Company | $5,200,000 |
2013 | Others | Other annual repayment as the co-chairman of Metropolitan Bank & Trust Company | $940,000 |
2013 | Bonus | Bonus because the co-chairman of Metropolitan Bank & Trust Company | $2,000,000 |
2013 | Salary | Annual wage because the co-chairman of Metropolitan Bank & Trust Company | $5,090,000 |
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