Age, Biography and Wiki

Leonides Sarao Virata was born on 22 April, 1918 in Imus, Cavite, Philippines Islands, is a Chairman. Discover Leonides Sarao Virata's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 58 years old?

Popular As N/A
Occupation Economist
Age 58 years old
Zodiac Sign Taurus
Born 22 April 1918
Birthday 22 April
Birthplace Imus, Cavite, Philippines Islands
Date of death (1976-07-14) Houston, Texas, United States
Died Place Houston, Texas, United States
Nationality Philippines

We recommend you to check the complete list of Famous People born on 22 April. He is a member of famous Chairman with the age 58 years old group.

Leonides Sarao Virata Height, Weight & Measurements

At 58 years old, Leonides Sarao Virata height not available right now. We will update Leonides Sarao Virata's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Leonides Sarao Virata's Wife?

His wife is Marie Theresa Lammoglia

Family
Parents Luis Virata Agapita Sarao
Wife Marie Theresa Lammoglia
Sibling Not Available
Children Luis Juan and Giovanna

Leonides Sarao Virata Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Leonides Sarao Virata worth at the age of 58 years old? Leonides Sarao Virata’s income source is mostly from being a successful Chairman. He is from Philippines. We have estimated Leonides Sarao Virata's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Chairman

Leonides Sarao Virata Social Network

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Timeline

1976

On July 14, 1976, Chairman Virata died in Houston, Texas, where he was treated of a lingering illness, leaving his wife the former Marie Theresa “Bebe” Gallardo Lammoglia, and two children, Luis Juan Virata (married Elizabeth Torres Cu-Unjieng) and Giovanna “Vanna” Virata.

1966

He became a member of the Joint Legislative Executive Tax Commission in 1966. From 1969 to 1970, President Marcos appointed him as secretary of the Department of Commerce and Industry (now the Department of Trade and Industry). In 1970, he was appointed chairman of the Development Bank of the Philippines. Upon assuming his position as Chairman of DBP, he ordered the investigation of several major firms that failed to pay the DBP millions of pesos in overdue obligations. Because of this, he was considered as one of the radical chairmen the DBP ever had. Also as head of the DBP, he helped agricultural and industrial enterprises through sound financing schemes. He was also responsible for orienting the institutional objective of development to the countryside to insure that the rural people would enjoy the benefits of economic growth.

1952

In 1952, he left the government service and joined the Philippine American Life and General Insurance Company as financial vice-president and vice-chairman of its investment committee. Soon, he was accorded the same respect he earned during his service with the government. He was elected either as chairman, president or board member of various companies involved in insurance, food processing, marketing, oil exploration, plywood manufacture, logging, textile, meat packing, glass making, oil refining, banking, telecommunications, etc. His leadership in business and industry reached its peak when he was elected president of the Philippine Chamber of Industries and the Management Association of the Philippines. He was also attributed to the successful transfer of the Manila Electric Company to Filipino control from General Public Utilities of the United States, and the Filipinization of the Philippine Long Distance Telephone Company.

1946

Virata was in the United States when the Philippine Commonwealth was evacuated to America because of the raging war in the Pacific. From 1946 to 1948, he worked as an officer of the Philippine Embassy in the US. After the war, the task of directing the economic research of the newly organized Central Bank of the Philippines in 1949 fell on him. Subsequently, he was appointed as the bank’s deputy governor and later, as a member of the Monetary Board. In various United Nations conferences on finance, trade, industry and economics; Virata served in different capacities. He was the adviser to the Philippine delegate to the International Monetary Fund Conference at Washington, DC in 1949 and to the International Monetary Fund and International Bank Conference at Paris, France in 1950. He was a delegate of the Philippines to the Conference of the Consultative Committee in Economic Development in Southeast Asia under the Colombo plan in Ceylon in 1957.

1940

Virata obtained his law degree in 1940 and business administration degree, cum laude, in 1941, both courses from the University of the Philippines. He did graduate work at the Harvard University, the University of Chicago, and Northwestern University.

1918

Leonides Sarao Virata (April 22, 1918 – July 14, 1976) was a Filipino economist. During his lifetime, he served as executive officer of various government and private companies in the country. He was appointed the secretary of the Department of Commerce and Industry from 1969 to 1970 and then chairman of the Development Bank of the Philippines from 1970 till his death in 1976. He hailed from the city of Imus in Cavite province.

Leonides Sarao Virata was born on April 22, 1918, in Brgy. Medicion II, Imus, Cavite to Luis Virata and Agapita Sarao. According to family members, the original family name was Bautista. Sometime during the 1896 Philippine revolution, a forebear changed the surname to Virata, taking the name of the character King Virata from the Indian epic Mahabharata. His elder half-brother, Dr. Enrique Topacio Virata (who married Leonor Aguinaldo, daughter of Gen. Baldomero Aguinaldo) was the father of Cesar Virata, the former Prime Minister of the Philippines. Virata was also a relative of Leonardo S. Sarao, an automotive designer and founder of Sarao Motors, the maker of jeepneys known internationally as a symbol of Filipino culture.