14 Filipinos among 2017 Forbes’ List of World’s Richest

MANILA, Philippine - Fourteen dollar-billionaire Pinoys have made it to Forbes’ 2017 list of “richest people in the planet.” The figure is a record count since businessmen from the Philippines first made the cut in 2003.

The highest-ranking Filipino in the list remains to be Henry Sy of SM Investment Corporation, who has a net worth of $12.7 billion. With a net worth of $13.3 billion last year, his rank dropped from 71 in 2016 to 94 this year.

Henry Sy richest man 2017
Business tycoon Henry Sy is still the Philippines' richest man.
John Gokongwei Jr. of JG Summit Holdings clinched the second spot among highest-ranking Pinoys with a net worth of $5.8 billlion. He holds the 250th spot in the world ranking.

Completing the list are Lucio Tan ($3.7 billion), George Ty ($3.5 billion), Enrique Razon Jr. ($3.4 billion), Tony Tan Caktiong ($3.4 billion), David Consunji ($3.1 billion), Andrew Tan ($2.5 billion), Roberto Coyiuto Jr. ($1.5 billion), Manuel Villar ($1.5 billion), Ramon Ang ($1.4 billion), Eduardo Cojuangco ($1.2 billion), Roberto Ongpin ($1.1 billion) and Edgar Sia ($1 billion).

It was Ang and Sia’s first time to make it in the global elite list.

World Rank PH Rank Name Net Worth ($) Age Source
94 1 Henry Sy 12.7 billion 92 SM Investments Corporation
250 2 John Gokongwei Jr. 5.8 billion 90 diversified
501 3 Lucio Tan 3.7 billion 82 diversified
544 4 George Ty 3.5 billion 84 banking
564 5 Enrique Razon Jr. 3.4 billion 57 ports
564 6 Tony Tan Caktiong 3.4 billion 64 fast food
630 7 David Consunji 3.1 billion 95 construction
814 8 Andrew Tan 2.5 billion 64 diversified
1376 9 Roberto Coyiuto Jr. 1.5 billion 64 power
1376 10 Manuel Villar 1.5 billion 67 real estate
1468 11 Ramon Ang 1.4 billion 63 diversified
1678 12 Eduardo Cojuangco 1.2 billion 81 food, drinks
1795 13 Roberto Ongpin 1.1 billion 80 diversified
1940 14 Edgar Sia 1 billion 40 fast food

Three more Pinoys joined Forbes’ billionaire list 2017
Three more Pinoys joined Forbes’ billionaire list this year.
Not included in the list of billionaires but whose net worth made the $1 billion cutoff on real time are Jaime Zobel de Ayala, Jon Ramon Aboitiz, Emilio Yap, Iñigo and Mercedes Zobel, Dean Lao, and Andrew Gotianun.

According to the US-based business magazine, they considered stock prices and exchange rates from around the world to come up with their net worth. Moreover, they favored individuals rather than multigenerational families who share big fortunes.

“The Forbes Billionaires list is a snapshot of wealth taken on February 17, 2017; we used stock prices and exchange rates from around the world to calculate net worth. Some fortunes have changed considerably since then,” Forbes magazine explained.

Bill Gates topped the list of 2,043 billionaires with $86 billion net worth.

--Mini, The Summit Express

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