Jasmine Abigail C.

Vicente

HRD 21

Ty Siblings
The Ty Siblings, Arthur, Alfred, Alesandra, Anjanette, are children of the late
banking tycoon, George Ty, the founder of Metrobank in 1963. The elder Ty
later formed GT Capital, which is one of Philippines biggest conglomerates
with interests in banking, auto, property development, power generation and
insurance. Their fortune is comprised of stakes held in the publicly-listed GT
Capital and Metropolitan Bank and Trust. The Eldest son Arthur, who is
poised to be the successor, chairs now the Metrobank and was conferred the
Asian Banker CEO Leadership Achievement Award for the Philippines in
2019. Their father, George Ty, refused to do a bank loan in order to start his
own business. His difficulties spurred him to start his own bank a decade
later. George Ty served as an advisor of First Metro Investment Corporation
and Philippine AXA Life Insurance Corporation. According to Forbes.com, they
are in rank 9 as one of the Philippines’ 50 richest 2019. Their net worth is
around $2.6 billion. Their source of wealth is banking, and they are a
resident here in the Philippines. I chose them as one of my entrepreneurs
because I am curious of who is the person behind the success of one of the
well-known banks and insurance companies here in the Philippines. Example
of this is Metropolitan Bank and Trust Company (MBTC), Wellington Flour
Mills, First Metro Travel, Inc. and GT Capital Holdings Inc, Toyota Motor
Philippines Corporation, and Global Business Holdings Inc., Manila Medical
Services, Inc.