About Aboitiz family
- Five generations of the Aboitiz family have transformed Aboitiz Equity Ventures (AEV) into one of the leading conglomerates in the Philippines with interests in power, banking and financial services, food, infrastructure and real estate.
- The family's privately held holding company Aboitiz & Co. was founded by Paulino Aboitiz, son of a Spanish farmer who migrated to the Philippines in the late 1800s, as an abaca-trading and general merchandise business.
- Fourth-gen members now head the business. Enrique chairs AEV; Sabin (pictured) is president and CEO; their brother Erramon sits on the board with five other family members.
- In 2022, AEV spent a total of $1.2 billion to acquire Citibank's consumer banking business in the Philippines and take over the Mactan-Cebu International Airport.
- AEV partnered with Coca-Cola Europacific in August 2023 to buy out co*ke's Philippine bottler from the U.S. soft drink giant for $1.8 billion.
Wealth History
HOVER TO REVEAL NET WORTH BY YEAR
Personal Stats
- Source of Wealth
- Diversified
- Residence
- Philippines
- Citizenship
- Philippines
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