Villar leapfrogs Tan, Tancaktiong, Ty to become No. 4 richest Filipino
When he lost in the 2010 presidential elections (despite being the survey front runner at the start of the campaign), bilyonaryo Manny Villar decided to retire from politics and concentrate on property empire.
Nearly eight years after, Villar’s wealth has expanded by eight-fold and has zoomed to the top four of Forbes real time listing of the richest Filipinos. (When Villar decided to turn his back in politics in 2010, his net worth was only pegged at $530 million.)
Based on Forbes.com latest rankings, Villar’s net worth was pegged at $4.2 billion (as of Friday, April 13) making him the fourth richest Filipino behind only Henry Sy ($19.1 billion), John Gokongwei ($5 billion), and Ricky Razon ($4.6 billion).
When Forbes came out with annual ranking a month ago, Villar was only lodged at number seven with $3 billion.
In a month’s time, his wealth zoomed by $1.2 billion or 40 percent to leapfrog Lucio Tan (No. 5 with $3.9 billion), Tony Tancaktiong (No. 6 with $3.9 billion), and George Ty (No. 7 with $3.4 billion).
Rounding up the Filipino bilyonaryos tracked by Forbes are:
8) Andrew Tan ($2.6 billion)
9) Ramon S. Ang ($2.5 billion)
10) Lucio and Susan Co ($1.8 billion)
11) Robert Coyiuto Jr. ($1.4 billion)
12) Danding Cojuangco ($1.3 billion)
13) Roberto V. Ongpin ($1.2 billion)