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Aug 24, 2017 @ 17:08

Henry Sy remains PH’s richest for 10th consecutive year

 

A large number of the country’s billionaires shifted rankings and some even dropped out of the list but the reigning wealthiest remained at the top.

Retail tycoon Henry Sy Sr. claimed the title of the richest person in the Philippines for the 10th year in a row, based on the 2017 country ranking made by Forbes Magazine.

Sy, with interests in banking (through BDO Unibank and China Bank), retailing (SM Retail), and property development (SM Prime Holdings), added $4.3 billion to his net worth, building his wealth up to $18 billion today.

Taipan John Gokongwei, who owns the chain of Robinsons malls, budget carrier Cebu Pacific, food manufacturing giant Universal Robina Corp., trailed behind Sy in second place with a net worth of $5.5 billion. The amount is $1.3 billion lower than the previous year.

Ports and casino magnate Enrique K. Razon moved up one position this year to clinch third spot with his fortune reaching $4.3 billion. He heads the country’s leading terminal operator, International Container Terminal Services Inc., and Solaire Resort & Casino.

Tobacco and airllines tycoon Lucio Tan ranked fourth with a net worth of $4.2 billion. He owns Asia’s oldest airline Philippine Airlines, Tanduay Distillers Inc., Asia Brewery and Eton Properties.

Coming in at number 5 on the Forbes list is Jaime Augusto Zobel de Ayala with a fortune of $3.7 billion. He chaired the Ayala Group until retiring in 2006 when his son Jaime II or JAZA took over. Starting out as a distillery in Manila, the Ayala Group has expanded the business to include banking (BPI), real estate (Ayala Land), hotels, telecommunications (Globe), education, automotive, and electronics manufacturing.

Completing the top 10 list are David Consunji ($3.68 billion), Metropolitan Bank founder George Ty ($3.6 billion), Jollibee founder Tony Tan Caktiong ($3.4 billion), Andrew Tan ($2.5 billion), and San Miguel Corp. president Ramon S. Ang ($2.3 billion).

Forbes Philippines 50 Richest

Henry Sy $18B SM Investments Corp.

John Gokongwei $5.5B JG Summit Holdings

Enrique Razon Jr. $4.3B ICTSI

Lucio Tan $4.2B LT Group

Jaime Zobel de Ayala $3.7B Ayala Corp.

David Consunji $3.68B DMCI Holdings

George Ty $3.6B GT Capital Holdings

Tony Tan Caktiong $3.4B Jollibee

Andrew Tan $2.5B Allied Global Group

Ramon ang $2.3B San Miguel Corp.

Lucio and Susan Co. $1.8B Puregold Price Club

Manny Villar $1.65B Vista Land & Lifescapes

Inigo and Mercedes Zobel $1.6B Ayala Corp.

Robert Coyiuto Jr. $1.5B NGCP

Mercedes Gotianun $1.4B Filinvest

Roberto Ongpin $1.15B Alphaland

Eduardo Cojunagco $1.1B San Miguel

Dean Lao $1B D&L Industries

Ricardo Po Sr. $980M Century Pacific Foods

Betty Ang $880M Monde Nissin

Edgar Sia $820M Double Dragon Properties

Oscar LOpez $760M Lopez Holdings

Beatrice Campos $650M United Laboratories

Carlos Chan $620M Oishi

Alfredo Yao $600M Mackay Holdings

Frederick Dy $520M Security Bank

Jacinto Ng $420M Republic Biscuit Corp.

Jose & Robbie Antonio $400M Century Properties

Michael Cosiquien $385M Megawide Construction

Jorge Araneta $380M Araneta Group

Edgar Saavedra $375M Megawide Construction

Mariano Tan Jr. $370M United Laboratories

Jon & Mikel Aboitiz $350M Aboitiz Equity Ventures

Manuel Zamora $280M Nickel Asia

Wilfred Uytengsu $240M Alaska Milk

Vivian Que Azcona $230M Mercury Drug

Eric Recto $225M Bedfordbury Development

Jose Ma. Concepcion $$220M Concepcion Industrial

Bienvenido Tantoco Sr. $190M SSI Group

PJ Lhuillier $180M Cebuana Lhuillier

Felipe Gozon $170M GMA Network

Menardo Jimenez $165M GMA Network

Walter Brown $160M A. Brown Co.

Gilberto Duavit $155M GMA Network

Eusebio Tanco $150M STI Holdings

Juliette Romualdez $145M Banco de Oro

Michael Romero $135M GlobalPort 900

Erramon Aboitiz $130M Aboitiz Equity Ventures

Luis Virata $125M Nickel Asia

Philip Ang $120M Nickel Asia

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