Former senator Manuel “Manny” Villar still holds the spot as the wealthiest Filipino, according to Forbes’ World’s Billionaires List, published on April 4.
The real estate tycoon was ranked as the 232nd richest person in the world with an estimated net worth of $8.6 billion. He is followed by fourteen other Filipino billionaires on the Forbes list.
Forbes noted Villar as the chairman of property developer Vista Land & Lifescapes, which is run by his sons, Manuel and Paolo. The publication also noted that its real estate investment trust, VistaREIT, had an initial portfolio of 10 shopping malls and two office towers. Villar’s most valuable asset is his ownership of Golden MV Holdings (formerly Golden Bria), a developer of mass housing projects and memorial parks. His coffee shop, Coffee Project, was recently named the only Filipino cafe on the list of the “World’s Most Instagrammable Cafes.”
Villar has been named the wealthiest Filipino for the fifth year in a row, following the death of SM Group’s Henry Sy Sr. in 2019. The self-made billionaire’s life lessons have inspired many Pinoys to dream big.
Following Villar in the list of wealthiest Filipinos on the Forbes list is Enrique Razon Jr., the chairman of International Container Terminal Services Inc. (ICTSI) with a $7.3-billion net worth.
San Miguel Corp.’s (SMC) chairman and president Ramon Ang is ranked as the third richest Filipino with a net worth of $3.4 billion. The fourth richest Filipino billionaire is SM Investments Corp. (SMIC) co-vice-chairman Henry Sy, Jr., with an estimated net worth of $2.5 billion. Sy Jr. is also the chairman of the group’s property arm, SM Prime Holdings.
Andrew Tan of Alliance Global Inc. (AGI) was also listed as the 5th richest Filipino, with an estimated net worth of $2.5 billion. They have diversified assets in the gaming, real estate, and food and beverage industries.
The Sy brothers, Hans and Herbert, tied with property magnate Lucio Tan for the 6th spot, with 3 of them each having an estimated net worth of $2.4 billion. Next on the spot is also a tie for the Sy siblings, Harley and Teresita Sy-Coson, both of whom are top executives of the SM Group, founded by their father Henry Sy. Their sister, Elizabeth, was also included on the list with a net worth of $1.9 billion.
The rest of the remaining 4 Filipino billionaires who made it to the list are: the late John Gokongwei Jr.’s son, Lance Gokongwei; Jollibee Foods Corp. (JFC) chairman and founder Tony Tan Caktiong; and Iñigo Zobel of the billionaire family Zobel de Ayala.
Forbes named LVMH chairman and chief executive Bernard Arnault as the world’s richest man with a net worth of $211 billion. This is the first time the French luxury goods tycoon has topped the list.