Sy siblings top Forbes’ list of richest in PH, Villar ranks second with $1.1-billion increase

    MANILA, Philippines – Forbes Magazine recently released an updated list of the richest persons in the Philippines. The Sy siblings grabbed the top spot with a total net worth of $17.2 billion. Manny Villar ranked second on the list with $6.6 billion, a whopping $1.1-billion increase from the $5.5 billion net worth he had 6 months ago!
    Sy siblings top Forbes’ list of richest in PH, Villar ranks second with $1.1-billion increase

    Sy siblings top Forbes’ list of richest in PH
    Photo credit: Eco Business

    If counted individually, Villar is the richest person in the Philippines; however, his wealth is eclipsed by the heirs of the late Henry Sy, if taken collectively.

    Villar ranks second with $1.1-billion increase
    Photo credit: Politics PH

    Forbes’ September 2019 list

    While Villar remains on top of the list when counted by individual wealth, Forbes Magazine chose to rank the Sy siblings together in the updated list.

    Here’s the newly released list of the Philippines’ 50 richest (Top 25 below) based on net worth, according to Forbes Magazine:

    Rank Name Net Worth: Origin of weath
    1 Sy Siblings $17.2 billion diversified
    2 Manuel Villar $6.6 billion real estate
    3 John Gokongwei, Jr. $5.3 billion diversified
    4 Enrique Razon, Jr. $5.1 billion ports
    5 Jaime Zobel de Ayala $3.7 billion diversified
    6 Lucio Tan $3.6 billion diversified
    7 Tony Tan Caktiong $3 billion food
    8 Ramon Ang $2.8 billion diversified
    8 Ty Siblings $2.6 billion banking
    10 Andrew Tan $2.55 billion diversified
    11 Inigo & Mercedes Zobel $2.5 billion diversified
    12 Mercedes Gotianun $2.2 billion real estate
    13 Consunji Siblings $2 billion construction
    14 Lucio and Susan Co $1.8 billion retail
    15 Roberto Ongpin $1.75 billion diversified
    16 Eduardo Cojuangco $1.5 billion food, drinks
    17 Robert Coyiuto, Jr. $1.35 billion power
    18 Vivian Que Azcona & Siblings $1.15 billion drugstores
    19 Ricardo Po, Sr. $950 million canned food
    20 William Belo $870 mllion Wilcon Depot
    21 Dean Lao $840 mllion food ingredients
    22 Dennis Uy $660 mllion oil
    23 Campos Siblings $650 mllion pharma
    24 Carlos Chan $610 mllion food
    25 Delfin J. Wenceslao, Jr. $500 mllion real estate

    Forbes’ March 2019 list

    For 11 years in a row, Sy topped Forbes’ list of the Philippines’ 50 Richest. At the time of his passing in January 2019, he remained the richest person in the Philippines and the 53rd richest man in the world, with a net value of $19 billion.

    But as his wealth was distributed to his children, Villar easily overtakes them to take the top spot.

    In March 2019, Forbes released the list of Philippines’ richest:

    Rank Name Net Worth
    1 Manny Villar $5.5 billion
    2 John Gokongwei Jr $5.1 billion
    3 Enrique Razon Jr. $4.8 billion
    4 Lucio Tan $4.4 billion
    5 Tony Tan Caktiong and family $3.9 billion
    6 Ramon Ang $2.9 billion
    7 Andrew Tan $2.7 billion
    8 Hans Sy and Herbert Sy $2.4 billion
    9 Harley Sy, Henry Sy, Jr., and Teresita Sy-Coson $2.2 billion
    10 Elizabeth Sy $1.9 billion
    11 Eduardo Cojuangco and Robert Coyiuto, Jr. $1.4 billion
    12 Ricardo Po Sr. and family $1.2 billion
    13 Roberto Ongpin $1.1 billion

    — Joy Adalia, The Summit Express
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