Luis ‘Chavit’ Singson has revealed his monthly revenue as a certified crazy rich Filipino and presented a multi-million business company. The Filipino business magnate Luis “Chavit” Singson is recognized as one of the wealthiest people in the Philippines. Singson presents his multi-million businesses and even unveiled his yearly and monthly revenue from the companies he controls.
Here are a few of the companies manages and holds by Singson:
1. Blemp Commercial of the Philippines, Inc. The Pinoy businessman magnate revealed that he makes PHP 84. 4 million, a paid-up capital of PHP 10 million, and a net income of PHP 8.8 million from this real estate, renting, and business ventures.
2. Partas Transportation
The transportation company stated an income of PHP 570. 6 million, a paid-up capital of PHP 20 million, and net revenue of PHP 4.4 million from transporting passengers and different cargo between Ilocos Sur and Manila.
3. Chavit Tree Project Corporation
This real estate corporation delivers lumber from fast-growing species and grown in cooperation with landowners.
4. Clark Luis Retail
Chavit purchases the world’s number one sports dealer “Go Sport”, which was founded in France.
Here are some additional businesses of Luis Chavit Singson.
5. Hallohallo Skylark Lending Corporation
6. Platinum Skies Aviation
7. Satrap mining Corporation
8. Satrap Power Corporation
9. White Lion Media Production Inc.
Previously, as being the chairman of the LCS Group of Companies, he was the principal sponsor to bring the prestigious Miss Universe beauty pageant again in Manila last 2016.
It was the third time that the country hosted the famous and celebrated beauty pageant. The country hosted it after, 1974, 1994, and he sponsored the 2016 pageant in Manila.
Moreover, there were rumors that the rich businessman spent another hundred million from purchasing M/Y Happy Life, the luxury yacht that caters to a few of the Miss Universe contestants from Manila to Batangas is one of the portions of the events before the pageant.
He has also 80 hectares of interactive wildlife sanctuary well known as “Baluarte” which has been made as a tourist attraction in his home province.
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.
What can you say about this? Do you know other businesses of Chavit Singson that were not mentioned above? Kindly share your comments, reactions, and thoughts with us.