What is Tomas Alcantara's Net Worth?
Tomas Alcantara is a prominent Filipino businessman with a substantial net worth of $160 million. His financial gains are largely attributed to his role as President and Chairman of Alsons Consolidated Resources, a publicly-listed investment holding company. Alcantara holds an 80% share in the company, which significantly contributes to his wealth.
Alsons Consolidated Resources
Alsons Consolidated Resources is heavily investing over $1 billion to establish new power plants in Mindanao, a province grappling with electricity shortages. This ambitious project is scheduled to be completed over the next five years. Moreover, the company is broadening its mining and power operations in Indonesia, collaborating with Toyota's trading arm in a joint venture.
Joint Ventures and Partnerships
Recently, Tomas Alcantara partnered with Jaime Zobel De Ayala's Ayala Land to develop a modern residential and retail complex in Davao. This collaboration aims to enhance the local real estate landscape and provide a boost to the region’s economic growth.
