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

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