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Big-Box Retailing Tycoon’s Wealth Takes A Hit As Filipinos Skimp On Home Improvement

Big-Box Retailing Tycoon’s Wealth Takes A Hit As Filipinos Skimp On Home Improvement

Home improvement tycoon William Belo’s net worth slumped over 40% to $520 million as shares of his big-box retailer Wilcon Depot sank to an eight-year low in April amid sluggish demand.

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