Filipino Businessman Luis ‘Chavit’ Singson Reveals His Monthly Income As Certified Crazy Rich Filipino
Luis ‘Chavit’ Singson has unveiled his monthly income as a certified crazy rich Filipino and showed multi-million business empire.
The Filipino business tycoon Luis “Chavit” Singson is considered as one of the richest people in the Philippines.
Singson shows his multi-million businesses and even revealed his yearly and monthly income from the companies he owns.
Here are some of the companies under Singson’s name:
- Blemp Commercial of the Philippines, Inc.
The Pinoy businessman declared that he earns PHP 84. 4 million, a paid-up capital of PHP 10 million, and net income of PHP 8.8 million from this real estate, renting, and business activities.
- Partas Transportation
The transportation company declared revenue of PHP 570. 6 million, a paid-up capital of PHP 20 million, and net income of PHP 4.4 million from carrying passengers and various cargo between Ilocos Sur and Manila.
- Chavit Tree Project Corporation
This real estate corporation delivers lumber from fast-growing species and grown in partnership with landowners.
- Clark Luis Retail
Chavit bought the world’s leading sports retailer “Go Sport”, which originated in France.
- Hallohallo Skylark Lending Corporation
- Platinum Skies Aviation
- Satrap mining Corporation
- Satrap Power Corporation
- White Lion Media Production Inc.
The 77-year-old former politician revealed his net revenues from his businesses.
“My net revenues amount to about PHP 120 million a month. There are a lot (of companies). I have many businesses that earn millions. The construction (business) I make billions; the transportation (business), I’m netting around PHP 100 million a month; I’ve earned PHP 1 billion from that in previous years, just for transportation,” Chavit Singson said.
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