DAVAO CITY’S DENNIS UY BUYS 36 COMPANIES WORTH 70 BILLION IN TWO YEARS
Dabawenyo Dennis Uy who has come from obscurity to supernova under the term of President Rodrigo Duterte.
UY has overshadowed the Forbes 50 Filipino billionaires with his debt-propelled buying binge worth roughly P70 bllion in just the first two years of the Duterte administration.
The Davao City-based businessman, who reported a P30 million donation to Duterte’s campaign kitty in 2016, has expanded his oil distribution business into shipping, estate development, hotel and casino, food retailing, water, and power.
There are 36 companies that Uy has bought or formed so far under the Duterte administration.