What is Eugenio Lopez III's Net Worth?
Eugenio Lopez III is a Filipino media mogul who has a net worth of $90 million. Also known as Gabby Lopez, he is the current Chairman of ABS-CBN Corporation, the largest media conglomerate in the Philippines today. A Master of Business Administration from Harvard Business School, he started an undistinguished banking career in the U.S. while waiting to be admitted to his family's media and utility business in the Philippines. It was in 1993 that his father, the late Eugenio "Geny" Lopez, Jr., appointed him President of the ABS-CBN Broadcasting Corporation.
He held the post until 1996 when Gabby Lopez took over the helm of the family company as its Chairman and CEO. Under his leadership, the company has been aggressively diversified into various successful ventures, mainly investing in television, radio and film production. Also, he was the one to create the Lopez Communications Group in 1997. Furthermore, Gabby Lopez serves as Director and Treasurer of Lopez Holdings Corporation (formerly Benpres Holdings Corporation), which is ABS-CBN's parent and the flagship company of the Lopez Group.
