PH’s top philathropists listed by Forbes Asia: Tycoons Henry Sy Sr. and John Gokongwei, Architect Jun Palafox, and perfumer Joel Cruz

ABS-CBNNews.com reports that "four Filipinos, including two tycoons, a perfume manufacturer and an architect, landed on Forbes Asia magazine’s list of top philanthropists in the region."

ABS-CBNNews.com reports that "four Filipinos, including two tycoons, a perfume manufacturer and an architect, landed on Forbes Asia magazine’s list of top philanthropists in the region."

 

According to the report, "Henry Sy, Sr.the country’s richest man, and John L. Gokongwei Jr. were included in the magazine’s annual Heroes of Philanthropy list." Joining them were top architect Felino "Jun" Palafox, Jr. and mass market perfume manufacturer Joel S. Cruz. The magazine recognized the 88-year old Sy, the founder and chairman of the SM Group, for "giving $7 million to De La Salle University to build an eco-friendly building for the school, and donating $112 million to an un-named foundation." Gokongwei, meanwhile, was lauded for his contributions to the Gokongwei Brothers Foundation, touted as one of the Philippines’ most endowed foundations. "In 2006, he gifted the foundation with half of his shares in JG Summit, a donation which is now worth more than $1 billion," Forbes Asia said.

 

Palafox, founder and managing partner of Palafox and Associates, was also cited by the magazine for "donating the firm’s services for the design of low-income housing developments. This includes a 12-hectare project for the Smokey Mountain dumpsite community in Manila." The 48-year old Cruz, founder of the company which makes the Aficionado Germany line of perfumes, was recognized by Forbes Asia "for making donations to help abandoned children, as well as elderly and disabled."

 

For more on this story, log on to ABS-CBNNews.com.

 

 

 

 

 

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