Age, Biography and Wiki
Leonides Sarao Virata was born on 22 April, 1918 in Imus, Cavite, Philippines Islands, is a Leonides Sarao Virata was Filipino economist Filipino economist. 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 |
14 July, 1976 |
Died Place |
Houston, Texas, United States |
Nationality |
Philippines
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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 |
2 |
Leonides Sarao Virata Net Worth
His net worth has been growing significantly in 2023-2024. 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 2024 |
$1 Million - $5 Million |
Salary in 2024 |
Under Review |
Net Worth in 2023 |
Pending |
Salary in 2023 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
Chairman |
Leonides Sarao Virata Social Network
Instagram |
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Twitter |
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Wikipedia |
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Imdb |
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Timeline
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.
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.
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.
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.
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 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.
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.
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.
He became a member of the Joint Legislative Executive Tax Commission in 1966.
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.
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.
On July 14, 1976, Chairman Virata died in Houston, Texas, where he was treated for 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.
JV de Ocampo assumed Virata’s unfinished term at the DBP.
In honoring Virata, Chairman de Ocampo said: “In the death of Chairman Leonides Virata, we have lost a esteemed leader in the country’s economic life.
He was a force in our development direction….
Chairman Virata was an articulate exponent of an economic strategy
designed to improve the quality of life of our people and he gave of himself liberally to this pursuits toward the end.
Shortly before his death, he sought to give deeper and massive meaning to the DBP’s countryside development program which he himself initiated in line with national policy.”