PHILIPPINES
From Times Staff and Wire Reports
Billionaire Not Thrilled With Fortune Notoriety: An aide to the first Philippine family to be listed in Fortune magazine’s billionaires list said the publication had brought the security-conscious family unwelcome publicity. “There is a real threat. Security is a real problem,” said the aide to Jaime Zobel de Ayala, head of the Spanish-Filipino family’s Ayala Corp. Fortune estimated the Ayala clan’s wealth at $1.2 billion. Analysts said their money came from real estate, banking and the food industry.
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