Henry Sy remains richest Filipino—Forbes listPhilippine Daily Inquirer
First Posted 05:59:00 08/29/2009
MANILA, Philippines — Mall magnate Henry Sy remains the richest Filipino, according to the latest list by Forbes magazine, which was posted on its website on Aug. 25.
The 84-year-old tycoon has a net worth of $3.8 billion. Forbes cited the increase in the stock price of SM Investments since December, as well as the increase in net income of the group’s interests in malls, retail, property in the first half of 2009.
Following Sy is tobacco king Lucio Tan, 75, with a net worth of $1.7 billion. Tan owns the national flag carrier Philippine Airlines and has interests in beer brewing and mining.
Jaime Zobel de Ayala, 75, chairman emeritus of Ayala Corp., one of the country’s largest conglomerates, is third with a net worth of $1.2 billion.
Andrew Tan of the Alliance Global Group, owner of the country’s McDonald’s franchise, is fourth with a net worth of $850 million.
John Gokongwei, founder of JG Summit, a conglomerate with interests in airlines, telecoms, power, banking and real estate, and owner of Robinsons department stores, is fifth with $720 million.
Tony Tan Caktiong of Jollibee Foods is sixth with $710 million, while Eduardo Cojuangco Jr., chief executive of Southeast Asia’s largest food and beverage conglomerate, San Miguel Corp., is seventh with $660 million.
Enrique Razon, chair and president of International Container Terminal Services Inc. (ICTSI), the largest corporation in the country engaged in the handling of container and bulk cargoes, is eighth with $620 million. Razon also has an interest in Monte Oro Grid Resources Inc., a leading member of a consortium which in 2007 won a 25-year franchise to operate the national grid system of National Transmission Corp.
Sen. Manuel Villar, who is eyeing the presidency in 2010, is ninth with $530 million. Villar is also the largest shareholder in property firms Vista Land & Lifescapes and Polar Property Holding.
Rounding the top 10 is Metrobank founder George Ty with $515 million.
Also making it to the top 40 are:
Emilio Yap ($510 M), Inigo and Mercedes Zobel ($440 M), Beatrice Campos ($410 M), Vivian Que Azcona ($390 M), Oscar Lopez ($350 M), Andrew Gotianun ($310 M), David Consunji ($300 M), Robert Coyiuto Jr. ($290 M), Alfonso Yuchengco ($230 M), Mariano Tan ($180 M).
Menardo Jimenez ($160 M), Gilberto M. Duavit ($159 M), Felipe Gozon ($135 M), Jon Ramon Aboitiz ($125 M), Betty Ang ($120 M), Alfredo Ramos ($115 M), Manuel Zamora Jr. ($110 M), Bienvenido R. Tantoco Sr. ($90 M), Tomas Alcantara ($75 M), Benjamin Romualdez ($70 M).
Wilfred Uytengsu Sr. ($65 M), Lourdes Montinola ($60 M), Luis Virata ($56 M), Eugenio Lopez III ($55 M), Enrique Aboitiz ($53 M), Philip Ang ($50 M), Jesus Tambunting ($45 M), Frederick Dy ($40 M), Rolando and Rosalinda Hortaleza ($39 M) and Marian Rosario Fong ($38 M).
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Topic: Richest Filipinos (Read 4545 times)