What is Bienvenido Tantoco Sr.'s Net Worth?
Bienvenido Tantoco Sr. is a Filipino businessman and former ambassador to the Vatican who has a net worth of $195 million. Tantoco Sr. started to accumulate his fortune after he and his wife set up Rustan Commercial Corporation in 1951, now the country's leading upscale department store and supermarket chain. Focusing on luxurious goods, the company offers a wide range of products including high-end clothes, shoes, jewelry and cosmetics, as well as furniture and home decor.
In 2012, Rustan Commercial Corporation's capacity got estimated at $195 million. The day-to-day operations of the manifold companies within the chain of Rustan's are currently in the hands of Tantoco's children and grandchildren, with whom he shares the riches.
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