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    LIST: Top 15 richest in the Philippines 2020

    MANILA, Philippines – Business magazine Forbes has released the world's list of billionaires for 2020, which includes 15 richest from the Philippines.

    Former senator and real estate tycoon Manny Villar hailed as the richest Filipino with $5.6 billion or P282.9 billion net worth, ranked 286th out of 2,095 billionaires in the world. He is the chairman of Starmalls, one of Philippines largest mall operators, and Vista & Landscapes, the country's largest homebuilder.
    Manny Villar started his homebuilding business with this truck.

    Manny Villar started his homebuilding business with this truck.
    Manny Villar started his homebuilding business with this truck. Photo Credit: Facebook/Manny Villar

    Ranking second in the Philippines is Enrique Razon, Jr., 565th spot worldwide, with a $3.4 billion (about ₱170 billion) net worth. He chairs the International Container Terminal Services (ICTSI), the country's leading terminal operator. It also has subsidiaries in Eastern Europe, Africa, and the Americas.

    The heirs of late mall tycoon Henry Sy also dominated the list: Hans ($2 billion or about ₱100 billion), Herbert ($2 billion or about ₱100 billion), Harley ($1.9 billion or about ₱96 billion), Henry Jr. ($1.9 billion or about ₱96 billion), Teresita Sy-Coson ($1.8 billion or ₱ 91 billion), and Elizabeth Sy ($1.6 billion or ₱80 billion).

    Here's the complete list of Top 15 richest in the Philippines this 2020:

    PH Rank Global Rank Name Net Worth Age Industries
    1 286 MANUEL VILLAR $5.6 B 70 Real Estate
    2 565 ENRIQUE RAZON, JR. $3.4 B 60 Logistics
    3 1063 HANS SY $2 B 64 Diversified
    4 1063 HERBERT SY $2 B 63 Diversified
    5 1135 HARLEY SY $1.9 B 60 Diversified
    6 1135 HENRY SY, JR. $1.9 B 67 Diversified
    7 1135 ANDREW TAN $1.9 B 67 Diversified
    8 1196 TERESITA SY-COSON $1.8 B 69 Diversified
    9 1267 ROBERTO ONGPIN $1.7 B 83 Diversified
    10 1267 LUCIO TAN $1.7 B 85 Diversified
    11 1267 TONY TAN CAKTIONG & FAMILY $1.7 B 67 Food & Beverage
    12 1335 ELIZABETH SY $1.6 B 67 Diversified
    13 1513 RAMON ANG $1.4 B 66 Food & Beverage
    14 1513 ROBERT COYIUTO, JR. $1.4 B 67 Energy
    15 1990 EDUARDO COJUANGCO $1 B 84 Food & Beverage

    Jeff Bezos, founder of e-commerce giant Amazon, still the world's richest $113-billion (about ₱5.7 trillion). The e-commerce giant he runs has been in the spotlight amid the pandemic; it’s hiring 100,000 full- and part-time workers to help meet increased demand from consumers staying home and shopping online.

    Bill Gates keeps his spot as number two richest, followed by luxury goods tycoon Bernard Arnault, who nudged out Warren Buffett to move into the number three spot for the first time.

    Forbes noted that ranks of richest people on Earth were also affected by the COVID-19 pandemic.

    "As of March 18, when we finalized this list, Forbes counted 2,095 billionaires, 58 fewer than a year ago and 226 fewer than just 12 days earlier, when we initially calculated these net worths."

    — The Summit Express

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