Home News 17 Filipinos are Among Forbes’ Billionaires List

17 Filipinos are Among Forbes’ Billionaires List

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Seventeen Filipino tycoons landed into Forbes Magazine’s 2019 World’s Billionaires List.

Wealthiest among the Filipinos who made it to the list is former Senator Manny Villar, who boasts of a net worth of $5.5 billion. The 69-year-old real estate magnate takes the richest Filipino spot from SM’s Henry Sy, who passed away this year.

Villar currently chairs Starmalls and Vista & Landscapes and also owns Golden Bria, a housing and condominium developer.

The other Filipino billionaires

JOhn Gokongwei

Photo Credits: The Facebook account of JG Summit Holdings, Inc.

The second richest Filipino is John Gokongwei Jr. of JG Summit with a net worth of $5.1 billion. Ranking third among the Filipinos on the list is the current chairman of the International Container Terminal Services and gaming tycoon Enrique Razon Jr. who is worth $4.8 billion.

enrique razon

Photo Credits: The Facebook account of Enrique Klar Razon, Jr.

Next on the list, or the fourth richest Filipino is Lucio Tan. He has a net worth of $4.4 billion with his diverse portfolio that ranges from tobacco, spirits, banking, and property development.

Taking the fifth spot is Jollibee’s Tony Tan Caktiong having a net worth of $3.9 billion.

San Miguel President Ramon Ang ranked sixth on the list with a net worth of $2.9 billion.

The seventh-place goes to Andrew Tan, another real estate tycoon and the founder of Megaworld who has a net worth of $2.7 billion.

Henry Sy and family

Photo Credits: SM Investments Corporation

With the death of the Sy patriarch, Forbes counted the individual net worth of the six Sy children who made it all in the list based on their respective company shares.

Completing the list of Filipino billionaires on the Forbes 2019 list are San Miguel chair Eduardo Cojuangco ($1.4 billion); Robert Coyuito of Prudential Guarantee and Assurance ($1.4 billion); Ricardo Po of Century Pacific ($1.2 billion) and Roberto Ongpin of Alphaland ($1.1 billion).

Top of the list

The top three richest persons in the world are Amazon’s founder Jeff Bezos ($131 billion); Microsoft’s Bill Gates ($96.5 billion); and Warren Buffet ($82.5).

Kylie Jenner, the youngest among the Kardashian sisters, is the youngest billionaire in the list. At the age of 21, her net worth is estimated at $1 billion.

Photo Credits for the feature image: The Facebook account of Manny Villar

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