Bienvenido Tantoco Sr. Net Worth

Bienvenido Tantoco Sr. Net Worth is
$195 Million

Bienvenido Tantoco Sr. Biography

$195 Million: Bienvenido Tantoco, Sr are the owners of Rustans, which he co-founded along with his wife, the past due Gliceria Rustia in 1951. The couple mixed the first syllables of their last name and developed, “Rustans”. In 1971, he opened the 1st Rustan’s Supermarket in Highway 54. He also offered as the Philippine Ambassador to Vatican. This year 2010, Forbes outlined him as the 34th richest Filipino with a networth of USD95 million. Tantoco founded several companies beneath the Rustan’s brand. Included in this: Rustan’s Supercenters, Inc. Shopwise Store Professional Inc. Rustan’s Advertising Corporation Rustan’s Advertising Specialists, Inc. Rustan Espresso Tantoco has six kids specifically: Bienvenido “Rico” Tantoco III, Zenaida “Nedy” Tantoco, Menchu T. Lopez, Marilou T. Pineda, Marilen T. Valbuena and Maritess T. Enriquez. Rico may be the chairman of the Rustan’s while Nedy was called president of Rustan’s Commercial Company in 2008. The Tantoco-Rustia Basis was founded by the Tantoco family members focused on the patriarch and his past due wife. Bienvenido Tantoco Sr. Net Well worth: Bienvenido Tantoco Sr. is usually a Filipino businessman and previous ambassador to the Vatican who includes a net well worth of $195 million. Tantoco Sr. began to accumulate his fortune after he and his wife setup Rustan Commercial Company in 1951, right now the country’s leading upscale division shop and supermarket chain. Concentrating on luxurious goods, the business offers an array of items including high-end clothes, sneakers, jewelry and cosmetics, and also furniture and interior decor. In 2012, Rustan Industrial Corporation’s capability got estimated at $195 million. The day-to-day procedures of the manifold businesses within the chain of Rustan’s are in the hands of Tantoco’s kids and grandchildren, with whom he shares the riches. Bienvenido Tantoco Sr. includes a net worth of $95 million relating to Forbes Magazine. His 50-year-old Rustan Industrial is Philippines leading division shop and supermarket chain. Opened 1st store with past due wife in 1951.Franchisee for Marks & Spencer, Starbucks Coffee, Payless Sneakers.Run by his child Zenaida. Shares fortune with kids.He’s previous ambassador to the Vatican.In April 2011 President Aquino attended his 90th-birthday celebration at Manila’s historic Paco Marketplace, where Rustan has fresh store.

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