It has been 11 years that mall magnate Henry Sy Sr. has occupied the top spot in Forbes list of the richest Filipinos in the World, but sadly the Patriarch of the SM Prime Holdings has passed away earlier this year, but before his demise Sy, Sr. Has a net worth of $18.4 billion, according to Forbes.
Forbes on their 2019 list of Billionaires released yesterday has named former Senate President and real estate bigwig Manuel "Manny" Villar is now the Richest Filipino in the world with a net worth of $5.5 billion.
Villar owns Vista Land the largest home builder in the Philippines, their projects include Brittany, Crown Asia, Camella, Lessandra, and Vista Residences. Aside from these real estate properties Villar also owns a chain of malls such as the Vista Mall and Star Malls, and even retailing All Day Grocery and All Home.
Moving second in the richest Pinoy list is John Gokongwei Jr. Of JG Summit with $5.1 billion, Gokongwei also owns the Robinson's Retail Holdings, Cebu Pacific Air, Universal Robina, Summit Media, and Digital Telecoms.
Enrique Razon Jr. Jumps to #3 with $4.8 billion, Razon is the chairman of the International Container Terminal Inc, he also owns the Bloomberry Resort Co. Which owns the Solaire Resorts and Casino in Pasay City.
LT Group's Lucio Tan moves up to #4 from last year's #7 with a net worth of $4.4 Billion, Tan owns Asia Brewery, Fortune Tobacco, Philippine National Bank, and the country's flagship carrier the Philippine Airlines. According to Forbes.com Tan used to be a janitor to put himself into school in FEU.
Moving up to #5 richest is Jollibee's Tony Tan Caktiong, aside from owning the fastest rising Asian fast food chain, Tan Caktiong also Co owns the Double Dragon properties inc. Also the Jollibee Foods Corporation also owns several fast food chains like Greenwich, Red Ribbon, Chowking, and Mang Inasal, having more than 1000 stores worldwide.
San Miguel Corporation's Ramon Ang is at #6 with $2.9 Billion, #7 is Mcdonalds and Megaworld's Andrew Tan.
The Sy's are still on top of the list with Hans Sy, who serves as Chairman of National University wand Herbert Sy, who holds the SM Supermarket with both $2.4 Billion, both ranked at 8th, placing at 9th are Harley Sy of the SM Investments, SM Prime's Henry Sy Jr., and BDO's Teresita Sy-Coson with $2.2 Billion net worth, at 10th is SM Hotel's Elizabeth Sy with $1.9 Billion. The Sy siblings total net worth adds up to $13.3 Billion.
- Manny Villar ($5.5 billion)
- John Gokongwei Jr ($5.1 billion)
- Enrique Razon Jr.
( $4.8 billion) - Lucio Tan ($4.4 billion)
- Tony Tan Caktiong and family ($3.9 billion)
- Ramon Ang ($2.9 billion)
- Andrew Tan ($
. 27 billion) - Hans Sy and Robert Sy ($2.4 billion)
- Harley Sy, Henry Sy, Jr., and Teresita Sy-Coson ($2.2 billion)
- Elizabeth Sy ($1.9 billion)
- Eduardo Cojuangco and Robert Coyiuto, Jr.
( $1.4 billion) - Ricardo
Po Sr.and family ($1.2 billion) - Roberto Ongpin ($1.1 billion)
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