What is Lucio and Susan Co's Net Worth?
Lucio and Susan Co, prominent Filipino billionaires, boast a substantial net worth of $2 billion. This wealth stems primarily from their co-ownership of Puregold Price Club, the Philippines' second-largest retail company. Lucio Co serves as the chairman, while his wife, Susan, holds the position of Vice Chairman. Additionally, two of their children are active board members.
The Early Days of Puregold
The couple's journey began modestly in 1998, with the opening of a single store. Over the years, Puregold has experienced exponential growth, now encompassing over 150 hypermarkets, supermarkets, and discount stores. By targeting low and middle-income consumers and small store owners, the company has seen its profits soar, especially after its Initial Public Offering (IPO) in 2011.
Diversified Interests
Beyond their retail empire, Lucio and Susan Co have diversified their investments across various sectors. Their portfolio includes gaming, hotels, wine distribution, and real estate, further solidifying their business acumen and financial robustness.
