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!
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.
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:
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:
— Joy Adalia, The Summit Express
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| 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.
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| Photo credit: Politics PH |
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
