#5 – Ricky Reyes (Net Worth: Philippine peso 200 Million)

Ricardo Enriquez Reyes Jr. is the definition of someone who started from the bottom and worked their way to the very top. Born in April on the year 1950, Ricky started his career when he was sixteen years old and did whatever he could to make money; mainly sweeping floors and cleaning up after people. Often called “Mother Ricky” for his hospitality, he began saving money from his career as a janitor until he was finally able to afford his own beauty parlor. From his single business he was able to turn a profit rather quickly and would use that money to expand his franchise and create more beauty parlors all around the Philippines. To this day he owns more than 40 branches of beauty parlors.

After about a decade of business, Ricky decided to get into philanthropy. Spending money is a great way to earn money as his contributions to society has earned him the privilege of being one of Forbes’ 48 Greatest Heroes of Philanthropy in the Asia-Pacific region. His endeavors began with the “Isang Gunting Isang Suklay” program which literally means “one scissor, one comb”. This program offered salon-styled haircuts for either low or no cost to the consumer. After the program became successful he began the Ricky Reyes Learning Institute which offered free education in a variety of subjects, including cosmetology.

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