Lucio and Susan Co

Director & vice-chairman

With his wife Susan, Co started Puregold Price Club in 1998 with just one store, selling cheap merchandise aimed at a rising population of middle-class shoppers and owners of local “sari-sari” (neighbourhood) stores. In 2011, the supermarket chain went public and it now has more than 200 outlets. Their holding company Cosco also has assets in gaming, hotels, liquor and property.

Company:

Puregold Price Club

Net worth:

US$1.87 billion