Mall magnate Henry Sy and his family still remain as Philippines’ wealthiest, topping the Forbes list of Philippine richest with a net worth of $9.1 billion or some ₱385 billion. The family does not only control the Philippine retail business but is also a leader in real estate development, banking, and investments. The family also holds a significant share in power and grid industry.
The Sy Family is listed 116th in a list of the world’s billionaires topped by Mexican telecommunication mogul Carlos Slim, having $69 billion worth of riches.
Lucion Tan, with less than half of the Sys’ wealth, comes second at $4.5 billion. Tan owns a majority or significant minority stocks in Philippine National Bank, Allied Bank, Philip Morris-Fortune Tobacco Corp., Philippine Airlines, Century Park Hotel, Asia Brewery, Tanduay Holdings, Eton Properties, University of the East, etc.
Bloombury Resorts and Hotels’ and International Container Services Inc.’s Enrique Razon Jr. placed third with $3.6 billion. Razon operates the Philippines local and international ports and was been granted a provisional license to establish and operate a gaming complex in the Bagong Nayong Pilipino Entertainment City. The luxurious 500-room Solaire Manila is one of his projects in the said complex.
John Gokongwei Jr. and family land in the fourth place with $3.2 billion while David Consunji and family completed the top five with $2.7 billion.
Meanwhile, the businessman behind Mang Inasal, the architect-turned entrepreneur Edgar Sia made a debut on the list at $140 million.
To complete the list of Philippines richest are as follows:
Billionaires
6. Megaworld’s Andrew Tan – $2.3 billion;
7. Jaime Zobel de Ayala and family – $2.2 billion.
8. Metrobank founder George Ty and family – $1.7 billion,
9 . Robert Ongpin – $1.5 billion
10. San Miguel Corp’s Eduardo Cojuangco Jr., – $1.4 billion.
11 . National Grid’s Robert Coyiuto, Jr. – $1.3 billion
12. Jollibee’s Tony Tan Caktiong & family – $1.25 billion
13. Lucio and Susan Co – $1.2 billion
14. Inigo & Mercedes Zobel – $1.15 billion
15. Manila Bulletin’s Emilio Yap – $ 1.1 billion
Millionaires
16. Shipping magnates Jon Ramon Aboitiz & family – $995 million
17. Andrew Gotianun & family – $825 million
18. Camella Group’s Manuel Villar – $ 720 million
18. Unilab’s Beatrice Campos & family – $700 million
20. Mercury Drug’s Vivian Que Azcona & family – $600 million
21. Rizal Commercial Bank’s Alfonso Yuchengco & family – $570million
22. Unilab’s Mariano Tan, Jr. – $420 million
23. Abotiz’s Enrique Aboitiz & family – $400 million
24. Alphaland’s Eric Recto – $365 million
25. Century Properties’ Jose Antonio – $300 million
26. GMA Network’s Gilberto Duavit & family – $ 270 million
27. GMA Network’s Menardo Jimenez – $265 million
28. Security Bank’s Frederick Dy – $260 million
29. Nickel Asia’s Manuel Zamora – $255 million
30. Atlas Consolidated Mining & Development’s Alfredo Ramos & family – $250 million
31. Lopez Holdings’ Oscar Lopez & family – $245 million
32. GMA Network’s Felipe Gozon & family – $240 million
33. Monde Nissin’s Betty Ang -$235 million
34. Alaska’s Wilfred Steven Uytengsu, Jr. & family – $230 million
35. Banco de Oro’s Juliette Romualdez – $200 million
36. Rustans’ Bienvenido Tantoco, Sr. & family – $195 million
37. Rebisco’s Jacinto Ng – $190 million
38. Alsons Consolidated Resources’ Tomas Alcantara & family – $160 million
39. Megawide Construction’s Michael Cosiquien – $150 million
40. Mang Inasal’s Edgar Sia – $140 million
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