Part of the money will be sourced from internal earnings, especially from food subsidiary Universal Robina.

CNN: DAD AND ME

His eldest daughter Robina, 35, runs Robinson's Department Stores and The Manila Times daily.

CNN: DAD AND ME

His Universal Robina has a similar strategy to Petra's in Indonesia, which is to sell cheap chocolates in various sizes and flavor combinations.

FORBES: Chocolate Craving

At 38, he had made enough money to start Universal Corn Products, which he renamed Universal Robina Corp. in 1970 in honor of his eldest daughter.

CNN: DAD AND ME