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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