[1] In 1936, the Ynchausti family completed the divestment of most of their corporate holdings with the intention of adopting a less visible business profile.
The company was likely the first Philippine-owned multi-national conglomerate and, as a result, is one of the Philippine's most storied and influential industrial groups of its time.
At the height of its operations, the company maintained offices in Manila, Iloilo City, Hong Kong, Shanghai, Tokyo, New York and San Francisco.
With the formation of the Real Compañía de Filipinas, traders began making the journey to the Spanish colony.
The 19th century saw a dramatic economic boom in the Philippines, driven in part by the Real Compañía de Filipinas.
Eventually he played a role in the politics of the day, sitting on a number of high profile advisory councils.
He was involved in the Assembly of Reformists, a body composed of Filipinos who made recommendations for reforms in the Philippines to the Spanish crown.
He was an influential figure during his time and instrumental in laying the foundation for the economic future of Ynchausti y Compañía and his family.
In the 1840s, a decision was made by the Spanish government to develop much needed infrastructure and Ynchausti y Compañía was awarded the franchise to construct the Puente Colgante soon after.
This bridge spanned the Pasig River and connected the Binondo area (Muella de la Industria where the headquarters and warehouses of Ynchausti y Compañía were located) and Intramuros (the original walled city of Manila).
Famously, the most prominent example of Tanduay's roots is that every bottle of rum still carries the Ynchausti family crest even today.
José Joaquín also had a daughter, Clotilde, who married a prominent Manila-based French businessman by the name of Arturo Vidal Sáenz, eventually settled in France.
Under the dual management of the siblings Rafael and Joaquín José, Ynchausti y Compañía expanded its interests throughout the Philippines, becoming the largest conglomerate of its day.
The brothers were also able to successfully navigate the early American colonial era, maintaining the company's status as a major economic force.
Starting in the mid-19th century and continuing until the company was dissolved, the Ynchausti brothers were supported by their professional managers and minority shareholders, and lawyers.
The early portion of the 20th century saw the Ynchausti family adjusting to the new colonial leadership under the United States of America; it was not without its difficulties.
Their descendants became majority shareholders in Ortigas & Company, one of the Philippine's oldest and most prominent real estate developers.
However, because of his youth (he was only twenty at the time of his father's death) managerial control was instead entrusted to members of the Elizalde family until he came of age.
He completed his law studies at the University of Madrid and married a young Basque woman from San Sebastián, Ana Belén Laurrari.
He was awarded the Knighthood of Saint Gregory by Pope Pious XI in 1927 in recognition of his social outreach efforts.