normal_post - Henry Sy, Lucio Tan Rank World's Top Billionaires in Forbes List - Philippine Laws Author Topic: Henry Sy, Lucio Tan Rank World's Top Billionaires in Forbes List  (Read 2208 times)

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Philippine Daily Inquirer

The families of mall magnate Henry Sy ranked 201st and tobacco king Lucio Tan 582nd on a list of the world’s billionaires, which was topped by a frugal Mexican who prefers to use paper notebooks rather than the computers he sells.

Mexico’s telco tycoon Carlos Slim, the world’s richest man, jumped past Americans Bill Gates and Warren Buffett to become the first person from a developing nation to top the list, according to Forbes magazine. The list has long been dominated by Americans and Europeans.

The 70-year-old Slim amassed a $53.5 billion fortune.

The 2010 Forbes list has 1,011 billionaires.

$4.2B for Sys

With their net worth swelling to $4.2 billion, the Sys were 201st on the list, up from 234th last year, when their net worth was at $2.7 billion.

The Sys are at the helm of the Philippines’ largest mall chain SM, which has 36 malls nationwide, and Banco de Oro Unibank. SM Investment, the family’s listed holding company, has expanded into gaming and is set to open a “Las Vegas-style casino complex” near Manila Bay this year.

Tan and his family slipped to 582nd this year, from 522nd last year, even as their net worth increased to $1.7 billion, from $1.4 billion in 2009.

Tan owns the Philippines’ largest cigarette maker Fortune Tobacco, Asia Brewery and Philippine Airlines, as well as mines and banks. He also owns real estate in Hong Kong.

The Sys and the Tans were also the only Filipinos to make it to the 2009 and 2008 Forbes lists of the world’s billionaires. In 2007, the family of Jaime Zobel de Ayala was ranked 349th with a net worth of $2.6 billion.

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