GEORGE Ty, Metrobank
Update (This version corrects the age of George Ty and adds the official statement from Metrobank and background stories.)
Business icon and philanthropist George Ty, founder of the Metrobank group, passed away after several months of battling pancreatic cancer.
Ty, 86, who built a fortune out of banking and automotive manufacturing, was diagnosed with pancreatic cancer six months ago, industry sources said.
“It is with deep sadness that we announce the peaceful passing of our beloved Founder and Group Chairman Dr. George S.K. Ty.
He was surrounded by family and loved ones at the time,” Metrobank said in a statement late Friday.
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He was the country’s ninth wealthiest man with an estimated net worth of $2.75 billion, according to Forbes magazine.
Memorial services will start on November 25, 2018 at the Heritage Park, Taguig City.
