Money magazine Forbes annually comes up with a list of the world's richest men. It's an exclusive group populated by the likes of Bill Gates (with a net worth of $76 billion), Mexican mobile mogul Carlos Slim ($72 billion), investment guru Warren Buffett ($58.2 billion), and Facebook's Mark Zuckerberg ($28.5 billion), to name a few.
And of the world's 1,645 men and women in the 2014 billionaire's club, 10 of them are from the Philippines: SM's Henry Sy ($13.2B), Asia Brewery's Lucio Tan ($6.1B), Megaworld's Andrew Tan ($4.7B), Solaire Resort & Casino's Enrique Razon Jr. ($4.2B), Robinsons' John Gokongwei Jr. ($3.9B), DMCI's David Consunji ($3.3B), Metrobank's George Ty ($3.2B), Jollibee's Tony Tan Caktiong ($1.7B), PGA Cars' Robert Coyiuto Jr. ($1.5B), and Filinvest's Andrew Gotianun($1B).
Not your usual bunch of inuman buddies who offer you love advice, that's for sure.
For sound advice regarding the rules of raking in the riches though, we can't go wrong following their footsteps.
Because, really now, who here doesn't want to get the dough? And for starters, we can learn from these 10 moguls about wealth accumulation. We scoured the web for their words of wisdom and here's what we came up with, and hope to apply in our own lives:
1) Henry Sy in a 2009 interview with The Philippine Star tells us about his one big rule in conducting business:
"I would not classify this as a secret to success, but one of my lifelong practices is to pay my obligations on time, especially my suppliers. Even in my early years as retailer, I didn't delay my payments to suppliers, because I tell my kids that we have to be considerate to suppliers and think of their own 'hinyong' or how they have to protect their sense of trustworthiness with others.
If it's time to pay others on Monday, we would already deposit the money in their bank accounts on Friday, so they need not even come to our office to collect."
FHM's Translation: Do it like Game Of Thrones' Lannister and always pay your debts. On time.
2) Lucio Tan's business demeanor as described in an excerpt from a piece written by Philstar.com’s Wilson Lee Flores:
"The day after 'rags-to-riches' taipan Lucio C. Tan’s PNB-Allied-BPI deal news came out, Financial Times interviewed me and I commented that Lucio Tan has proven he is a strategic genius with his wise, emotionless and bold business maneuvers.
Why do I say emotionless? I’ve heard of Lucio Tan in past years decisively removing siblings, a maternal uncle and even some of his own kids from his major companies due to loss of confidence or other reasons. And now, the taipan is cohabiting with his perceived biggest archrivals and letting them even manage his prized assets!"
FHM's Translation: Hindi basta kamag-anak, pagkakatiwalaan mo na.
3) Philstar.com's quick chat with Andrew Tan reveals a secret activity that all of us really should be doing more:
"Philstar: What time do you usually wake up?
Andrew Tan: I wake up at 5 a.m. And the first thing I do is read.
Philstar: What time is bedtime?
Andrew Tan: I sleep at 11 p.m. And the last thing I do before sleeping? I also read."
FHM's Translation: Mga bata, matulog ng maaga, at wag puro bold ang binabasa!