The Richest People in the Philippines in 2011

Mar 10, 2011 by at Money & Finance, The Richest

The Richest People in the Philippines in 2011

Who are the richest people in the Philippines this year and who is the wealthiest person of them all? The latest list of the top 40 richest Filipinos for 2011 is now issued and served by the Forbes Magazine. This year shows the booming Philippine stock market, which increases the fortunes of the country’s richest people to an all time high. Their total net worth increased to $34 billion from last year’s $22.8 billion. Thirty-two tycoons become richer. The richest man in the Philippines is still Henry Sy, who still holds the top spot for the fourth year in a row now. The mall tycoon has an increased net worth of $7.2 billion, up from $5 billion last year. His net worth is also more than double compare to that of Lucio Tan, the second wealthiest, who has a net worth of $2.8 billion this year.

The Philippines has 11 billionaires (in terms of US dollars) this year from only 5 last year. Among the new billionaires is port operator Enrique Razon, who joins the billionaires for the first time this year. His net worth has increased from $975 million to $1.6 billion this year. The list of top 40 also has newcomers. Among the notable newcomers is 34-year-old Edgar  Sia II, the youngest on the list, who sold 70% of his barbecue fastfood chain Mang Inasal to Tony Tan Caktiong’s Jollibee Foods.  The minimum net worth in the list this year is $85 million which is up from last year’s $50 million.  The following are the richest people in the Philippines for 2011.

1.            Henry Sy – $7.2 billion
2.            Lucio Tan – $2.8 billion
3.            John Gokongwei Jr., – $2.4 billion
4.            Andrew Tan – $2 billion
5.            David Consunji – $1.9 billion
6.            Jaime Zobel de Ayala – $1.7 billion
7.            Enrique Razon Jr., – $1.6 billion
8.            Eduardo Cojuangco Jr. – $1.4 billion
9.            Roberto Ongpin – $1.3 billion
10.          George Ty – $1.1 billion
11.          Tony Tan Caktiong – $1 billion
12.          Inigo & Mercedes Zobel – $980 million
13.          Emilio Yap – $930 million
14.          Andrew Gotianun – $795 million
15.          Jon Ramon Aboitiz – $760 million
16.          Beatrice Campos – $685 million
17.          Manuel Villar – $620 million
18.          Vivian Que Azcona – $555 million
19.          Robert Coyiuto Jr. – $400 million
20.          Mariano Tan – $375 million
21.          Alfonso Yuchengco – $370 million
22.          Enrique Aboitiz – $310 million
23.          Oscar Lopez – $280 million
24.          Jose Antonio – $245 million
25.          Eric Recto – $200 million
26.          Gilberto Duavit – $190 million
27.          Menardo Jimenez – $185 million
28.          Alfredo Ramos – $180 million
29.          Betty Ang – $165 million
30.          Felipe Gozon – $163 million
31.          Tomas Alcantara – $160 million
32.          Benjamin Romualdez – $155 million
33.          Wilfred Uytengsu Jr. – $150 million
34.          Manuel Zamora Jr. – $145 million
35.          Jacinto Ng Sr. – $115 million
36.          Frederick Dy – $110 million
37.          Luis Virata – $100 million
38.          Bienvenido Tantoco Sr. – $95 million
39.          Eugenio Lopez III – $90 million
40.          Edgar Sia II – $85 million

Source: Forbes List of Top 40 Richest Filipinos 2011

Receive Free Business Tips in Your Inbox!

You must activate the subscription in your email to receive free business tips daily. You can unsubscribe anytime. We respect your privacy.

4 Comments

  1. nix

    why is manny pangilinan not listed here?

    • Vic

      Hi. This ranking is according to Forbes. I’m also wondering why. MVP might be the chairman and CEO of a number of large companies like PLDT. But this doesn’t mean he totally own those companies/corporations. For example, in 2010, MVP only owned 0.12% of PLDT’s total outstanding common stock. Large corporations usually have thousands of shareholders.

  2. ERic

    I wish these rich Filipinos would buy a war ship to patrol the territorial seas of the Philippines…

  3. why manny pacman paquiao is not in the list ???

Leave a Comment

Important: Repetitive questions will not be approved. Hence, before asking any question, please make an effort to read the article, previous comments and answers first. Further, please post your comment or question on the relevant articles. Kindly spare some time to browse our list of articles in the “Archives Page” ”. Please help us save more time we can use to continue writing, researching and providing 100% free and useful information for everyone. We reserve the right to reject any comment that will not follow these guidelines. Thank you.


6 − three =