Business tycoon Roberto 'Bobby' Velayo Ongpin died on Saturday, January 4, 2023. He is 86.
Ongpin died in his sleep last night on Balesin Island, according to his nephew Apa Ongpin in a message. His remains will be brought to Manila and the details of his wake will be announced soon once the family decides it.
"He is survived by his wife, Monica Arellano, his children, Stephen, Anna, Michelle, and Julian, and four grandchildren, two of whom he got to play with before he went to sleep last night," the family said in their statement.
A wealthy businessman in the Philippines, Ongpin ranked 23rd among the richest Filipinos in 2022, as per Forbes Magazine. He has a net worth of $830 million (P44.5 billion).
Ongpin also served as the Minister of Commerce and Industry, later becoming the Department of Trade and Industry, under the presidency of the late strongman Ferdinand Marcos Sr.
He was also the founder and chairman of Alphaland Corporation, Atok-Big Wedge Co., Inc., and PhilWeb Corporation.
