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Those names seem originally chinese. Are chinese filipinos a big part of the economy?
I'M GONNA KISS SM CINEMA'S SEXY ASS RIGHT NOW.
Original Facebook post.
Chinese here in the Philippines are one of the wealthiest.
Surprisingly, the Ayala and the Lopez groups didn't make it to the top ten (and maybe Villar??)... neither did Gokungwei for that matter. I wonder if they dispersed their assets so as to keep on the lie-low...
I don't think it's a problem or issue. They're Filipinos, pretty much. They just have Chinese ancestry but born here and struggled here. But being the purist Chinese, about half of their population still try to keep to "pure bloods" and marry only Chinese. But I know a lot who marry into "halfies" or totally non-chinese, and it's fine. I have a Chinese last name myself, and I'm pretty sure some great great grandfather of mine was Chinese who made it here.
If you read up on the stories of those rich people we mentioned, their stories are pretty tough and inspiring. Maybe the newer generation may be spoiled (like any other race of rich people, i would assume) but those guys made it to the top with real hard work.
Henry Sy, for one, started with a shoe store. Hence, SM (which used to stand for ShoeMart). And my parents still remember when it was but one building in the entire country. Now his malls are in every fucking train stop and corner. Two in some. >.>
anyone can be "the most hard-working and determined-to-succeed people in the world", you only need the right amount of ingredients: a creative mind, a skillful hand, knowledge of your trade, an unbreakable will to survive, and the right attitude to that makes one so likable, despite how he/she looks.
so, i don't count among those people. xD
The list says one thing, reality says otherwise. The only reason to why the "Peninsulares" did not make the "top 10" is because they re-invest most of what they earn in order to dodge tax and to make their money earn for them. Another "tax dodge" trick is to hire yourself in your own corporation. This means that you can set your salary to a low enough amount to reduce personal tax, while you use a corporate expense account for misc spending (the same goes for cars and other high ticket items; you can buy them through your corporation and write them off as company assets).
re: marriage- If my dad wasn't part chinese, my grandparents would never have allowed him to marry my mom.
Last edited by Paper; March 09, 2013 at 08:55 AM.
I'm excited to watch Django Unchained