This Filipino is worth US$5 billion

There is one Filipino, unknown to many, who may have been missed by Forbes Magazine among its list of billionaires. This Filipino with his Filipino wife, who lives in Atherton, California in a $20 million house, is estimated to have a $5 billion fortune. According to those who knew him, he built his wealth from a computer chip he invented which is now used by every computer in the world market.

His name is Conrado “Dado” Banatao. He was born in an Ibanag barangay in the town of Iguig, north of Tuguegarao, Cagayan province. He had to work as a sacristan in a local parish to be able to pay for his tuition and other needs as a student at the Ateneo de Tuguegarao.

According to one classmate at Ateneo, Banatao belonged to “Class C” of average students. After graduation in 1961, he went on to study electrical engineering at Mapua Institute of Technology, after which he was hired by Philippine Airlines to work in California. Soon enough, Banatao worked at the Silicon Valley where he made his fortune.

Banatao flies his two Lear Jets to New York and other US capitals and has about 20 venture capital firms to his name. He is relatively unknown, because he doesn’t go around publicizing his name.

He had been to the Philippines several times, trying to interest tycoons like Jaime Zobel de Ayala to join hands with him. He is in fact, a trustee of Ayala International Bank.

Insurance taipan Alfonso Yuchengco wanted Banatao to be his partner at Mapua Institute of Technology, but the latter declined because he had no time for the academe.

Banatao is willing to share with Filipinos his experience. He has donated substantial amounts to worthwhile Filipino projects. Banatao’s story could well go down in Philippine history as the tale of a poor boy who worked real hard, had a vision, patience, fortitude and discipline and would well be the richest Filipino alive, but is never mentioned by Forbes.

He holds a B.S.E.E., cum laude, from the Mapua Institute of Technology in the Philippines and an M.S. in Electrical Engineering and Computer Science from Stanford University.

Banatao is most known for introducing the first single-chip graphical user interface accelerator that made computers work a lot faster and for helping develop the Ethernet controller chip that made Internet possible. In 1989, he pioneered the local bus concept for personal computers and in the following year developed the First Windows accelerator chip. Intel is now using the chips and technologies developed by Banatao. He now runs his own semiconductor company, Mostron and Chips & Technology, which is based in California’s Silicon Valley.

Updated: 2009-12-11 — 17:36:53


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  2. His name is DIOSDADO “DADO” BANATAO

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  6. rudy van oldenbarneveld

    I am very proud of you having accomplished so much. I build a home in the Philippines ,and Philippinos are all very hard working people. I am from the Netherlands and live in Canada.

  7. Mariano A. Pernites

    I understand that he was granting scholarships program before to some qualified students focusing on technologies and engineering & I think he established a company as if a school for the same purpose of acquiring bright industrious students…with an objective of the following: finish your studies, get employed first…& then be an entreprenuer later. Please publish the result of such scholarship program & the company status itself here or in abroad.

  8. His name is not Conrado, his name is Diosdado

  9. I admire Engineer Diosdado Banatao for his professional and financial success. I would like to meet him in person and ask him some technological advice for my invention. Thanks.

  10. to mr n mrs BAnatao thanks to god they give you lot of blessings and congrats sa whole family hope you share your blessing your talent i believe you are more become happy person n more power to you n god bless

  11. Where do you get the $5 billion figure? If that were true that how come he’s not listed in forbes magazine? The problem with Filipinos, a lot of information are mere speculation.

  12. He is rich and not selfish to share his blessings to others through education…mabuhay ka manong.

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