John Gokongwei, a Filipino billionaire & one of the richest in the country, has given President Rodrigo Duterte a latest 2016 model of BMW.
The car was customized with the president’s name.
The said bullet-prof car is worth $145,000 or equivalent to P7 million pesos.
Gokongwei is a business magnate, investor, philanthropist and has a net work of P6 billion (this is according to the Fords’ 2016 report).
He has holdings in telecommunications, financial services, petrochemicals, power generation, aviation and live stock farming.