Eric Recto, a Filipino entrepreneur, has a net worth of $485 million.
Top Frontier, Petron Corporation, and ISM Communications Corporation are the investment firms headed by Eric Recto as their President.
With a degree in Industrial Engineering from the University of the Philippines and an MBA from Cornell University, he began his career in the private sector.
He held several notable positions, including Chief Financial Officer and Senior Vice President of Alaska Milk Corporation, Chief Financial Officer and Executive Vice President of APC Group Inc., and Chief Financial Officer and Vice President of Finance of Sinophil Corporation, among others. His wealth was amplified by the acquisition of a 24% stake in Philippine Bank of Communications, which he acquired from his uncle Roberto Ongpin who resigned as co-chairman in December 2013.
Moreover, there was a near surge in the shares of Alphaland, a developer who is also a stakeholder.
He stepped down from his position as President of Petron in February to become the Vice Chairman.