Philippine billionaire Danding Cojuangco dies after cancer battle

  MANILA – Philippine billionaire Eduardo Cojuango Jr, known as Danding, died on Tuesday night. He was 85. Cojuangco died after a long battle with lung cancer. He was the 15th richest man in the Philippines with an estimated net worth of $1.1 billion. The businessman was a key ally of the late Philippine president Ferdinand Marcos. He also built food and beverage giant San Miguel Corp. (SMC), which he ran as CEO. "For decades, ECJ guided the San Miguel Group, making a difference in the lives of so many of our employees, past and present. Values he lived by – malasakit (compassion), and sama-sama (unity), the idea that we either make it together or not at all – are at the heart of what it means to be San Miguel," according to SMC in a statement. "His contributions to our company's history are numerous and indelible. An agriculturalist at heart, he championed the development of rural Philippines and the setting up of our agro-industrial operations.. His impact on many other areas of Philippine life – sports, philanthropy – add to his rich and enduring legacy." News of his death was met with sadness by his allies. Former senator Ferdinand Marcos Jr called Cojuangco a "rock" in his life. Senator JV Ejercito said in a Twitter post Cojuangco was "a very nice person with a kind heart. Super nice to me. He will be missed". Cojuangco was born in Manila on June 10, 1935. He was married to Soledad "Gretchen" Oppen, with whom he had four children. CLM/Expat Media
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