Philippine beer tycoon dies
San Miguel Corporation Chairman Eduardo Cojuangco talks to the media after an annual stockholders meeting in Manila July 24, 2007. ReutersPhilippine tycoon Eduardo ``Danding'' Cojuangco Jr., a key ally of the late dictator Ferdinand Marcos and a low-key businessman who led a food and beverage empire that produced San Miguel beer, has died. He was 85.San Miguel Corp. said Cojuangco, who served as its chairman and chief executive officer for decades, died Tuesday night, without providing other details. Presidential legal counsel Salvador Panelo said Cojuangco died of pneumonia and heart failure in a hospital in Manila.Cojuangco had a net worth of $1.1 billion, according to Forbes' list of the world's billionaires, with interests in cement-manufacturing, orchards, a stud farm and Australian wineries, aside from San Miguel. San Miguel, one of Southeast Asia's largest conglomerates, with a workforce of more than 28,000 people, has ventured into fuel and oil, power and infrastructure.Aside from business, Cojuangco delved into politics and sports, and owned three teams in the Philippine Bas
Jun 18, 2020