Despite this, he still remains one of the wealthiest people in the Philippines. He is the president and CEO of GMA Network, and also serves as the chairman of the board of directors of the Philippine Long Distance Telephone Company.
Gilberto Duavit is a Filipino businessman with a net worth of $191 million. He is the president and CEO of GMA Network, and chairman of the board of directors of the Philippine Long Distance Telephone Company. Despite a drop in his fortune due to a fall in shares of GMA Network, he remains one of the wealthiest people in the Philippines.
Gilberto Duavit is a member of Executives
💰Gilberto Duavit Net worth: US$191 million (2007)
Gilberto Duavit Net Worth: Gilberto Duavit is a Filipino businessman who has a net worth of $191 million. Gilberto Duavit witnessed a drop in his fortune after a fall in shares of the GMA Network, a major commercial television & radio network in the Philippines that he controls together with Felipe Gozon and Menardo Jimenez.
The share price plunged by 24% after an unsuccessful bid last October by Manuel Pangilinan's Philippine Long Distance Telephone to obtain a controlling stake in the radio and television broadcaster. Married and a father of four, his son Gilberto Jr. runs the family-held company GMA Holdings.
