Richest People in the Philippines (June 2012)

Henry Sy is still the richest person in the Philippines with an increased net worth of $9.1 billion from $7.2 billion last year. The 87 year old Filipino-Chinese business taipan, who founded SM Group, was far ahead of Lucio Tan, who is at the second place with a net worth of $4.5 billion ($2.8 billion in 2011). But among the Filipinos, who are included in the list, the biggest gainer is Enrique Razon, Jr. Razon, a port operator who controls Manila-listed International Container Terminal Services, climbs from the 7th spot to the 3rd spot of the list of wealthiest Filipinos this year. His net worth has increased from $1.6 billion last year to $3.6 billion this year.

There are now 15 Filipino billionaires (in terms of US dollars) compare to only 11 last year. The total wealth of the country’s top 40 richest also grew from $13 billion to $47.4 billion. Edgar Sia of Mang Inasal, who is at top 40, is considered the youngest at the age of 35. Senator Manuel Villar, who controls Vista Land is at the 18th place with a net worth of $720 million.

The following is the list of the Philippines’ top 40 richest according to the Forbes Magazine:

1. Henry Sy & family – $9.1 billion (SM Investments Corp., SM Prime)
2. Lucio Tan & family – $4.5 billion (Philip Morris Fortune Tobacco, Asia Brewery)
3. Enrique Razon, Jr. – $3.6 billion (International Container Terminal Services)
4. John Gokongwei, Jr. & family -$3.2 billion (JG Summit, Cebu Air, Robinsons Land)
5. David Consunji & family – $2.7 billion (D.M.Consunji, Inc. or DMCI)
6. Andrew Tan – $2.3 billion (Alliance Global)
7. Jaime Zobel de Ayala & family – $2.2 billion (Ayala Corp.)
8. George Ty & family – $1.7 billion (Metropolitan Bank)
9. Roberto Ongpin – $1.5billion (Atok-Big Wedge, San Miguel)
10. Eduardo Cojuangco -$1.4 billion (San Miguel)

11. Robert Coyiuto, Jr. -$1.3 billion (National Grid)
12. Tony Tan Caktiong & family – $1.25 billion (Jollibee Foods)
13. Lucio and Susan Co -$1.2 billion (Puregold Price Club)
14. Inigo & Mercedes Zobel – $1.15 billion (Ayala Corp.)
15. Emilio Yap – $1.1 billion (Philtrust Bank)
16. Jon Ramon Aboitiz & family – $955 million (Aboitiz Equity Ventures)
17. Andrew Gotianun & family -$825 million (Filinvest Development)
18. Manuel Villar – $720 million (Vista Land & Lifescapes, Polar Property Holdings)
19. Beatrice Campos & family – $700 million (Unilab)
20. Vivian Que Azcona & family – $690 million (Mercury Drug)

21. Alfonso Yuchengco & family – $570 million (Rizal Commercial Bank)
22. Mariano Tan, Jr. – $420 million (Unilab)
23. Enrique Aboitiz & family – $400 million (Aboitiz & Co.)
24. Eric Recto – $365 million (Atok-Big Wedge, Alphaland)
25. Jose Antonio – $300 million (Century Properties Group)
26. Gilberto Duavit & family – $270 million (GMA Network)
27. Menardo Jimenez -$265 million (GMA Network)
28. Frederick Dy – $260 million (Security Bank)
29. Manuel Zamora -$255 million (Nickel Asia)
30. Alfredo Ramos & family -$250 million (Atlas Consolidated Mining & Development)

31. Oscar Lopez & family – $245 million (Lopez Holdings, ABS-CBN)
32. Felipe Gozon & family – $240 million (GMA Network)
33. Betty Ang – $235 million (Monde Nissin)
34. Wilfred Steven Uytengsu, Jr. & family – $230 million (Alaska Milk)
35. Juliette Romualdez – $200 million (Banco de Oro, Benguet Mining)
36. Bienvenido Tantoco, Sr. & family – $195 million (Rustan Commercial)
37. Jacinto Ng – $190 million (Rebisco)
38. Tomas Alcantara & family – $160 million (Alsons Consolidated Resources)
39. Michael Cosiquien – $150 million (Megawide Construction)
40. Edgar Sia – $140 million (Mang Inasal)

Source: Forbes: The Philippines Richest 2012

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