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Sep 6, 2018 @ 19:29

Villar triples wealth, replaces Gokongwei as No. 2 richest Filipino; Lucky Me’s Betty Ang biggest loser

 

Former Senator Manny Villar is the biggest surprise in Forbes’ annual listing of the richest Filipinos after he tripled his wealth in the last 12 months.

Villar jumped 10 spots from number 12 last year to bump off bilyonaryo John Gokongwei from the number two spot.

Forbes credited Villar’s burial business, Golden Bria, for boosting the former Tondo fish market vendor’s fabulous wealth more than eight years after he quit politics after losing in the 2016 elections.

Among the major gainers in this year’s ranking are San Miguel bilyonaryos who saw a double digit rise in their net worth: Inigo and Mercedes Zobel, up 56 percent; Danding Cojuangco, up 27 percent; and Ramon S. Ang up 24 percent.

Forbes described the last 12 months as volatile with more than a third on the Forbes 50 losing more than 20 percent of their money. The biggest loser is Betty Ang of Monde Nissin which owns the Lucky Me noodles brands. Ang shed 69 percent of her net worth to $270 million in the last 12 months. Other major losers wereMang Inasal founder Edgar Sia who lost 42 percent to $475 million; and the Megawide partners Michael Cosiquien (down 38 percent to $240 million) and Edgar Saavedra (down 36 percent to $245 million).

The top gainers among the bilyonaryos are:

# Name Company 2018 Net Worth Change
1 Henry Sy SM $18.3 billion up 1.6%
2 Manuel Villar Vista Land $5 billion up 203%
3 John Gokongwei JG Summit $4.4 billion down 20%
4 Jaime Zobel de Ayala Ayala Land $4 billion up 8%
5 Enrique Razon Jr. ICTSI $3.9 billion up 10.3%
6 Tony Tan Caktiong Jollibee $3.85 billion up 13%
7 Lucio Tan Fortune $3.8 billion down 10.5%
8 Ramon S. Ang San Miguel $2.85 billion up 24%
9 George Ty Metrobank $2.75 billion down 24%
10 Andrew Tan Megaworld $2.6 billion up 4%
11 Inigo & Mercedes Zobel San Miguel $2.5 billion up 56%
12 Consunji family DMCI $2.45 billion down 34%
13 Lucio and Susan Co Puregold $1.5 billion down 17%
14 Danding Cojuangco San Miguel $1.4 billion up 27%
15 Robert Coyiuto Jr. PGA $1.3 billion down 13%
16 Roberto V. Ongpin Philweb $1.25 billion up 9%
17 Mercedes Gotianun Filinvest $1.15 billion down 18%
18 Ricardo Po Sr. Century Tuna $1.05 billion up 7%
19 Dean Lao D&L $950 million down 5%
20 Beatrice Campos Unilab $700 million up 7.7%
21 Carlos Chan Oishi $650 million up 5%
22 William Belo Wilcon $600 million new
23 Oscar Lopez ABS-CBN $480 million down 37%
24 Edgar Sia Double Dragon $475 million down 42%
25 Jose & Robbie Antonio Century Properties $400 million unchanged
26 Frederick Dy Security Bank $390 million down 25%
27 Alfredo Yao Zest-O $380 million down 37%
28 Jorge Araneta Araneta Group $315 million down 17%
29 Jacinto Ng Rebisco $310 million down 26%
30 Mariano Tan Jr. Unilab $300 million down 19%
31 Vivian Que Azcona Mercury Drug $290 million up 26%
32 Betty Ang Monde Nissin $270 million down 69%
33 Jon & Mikel Aboitiz Aboitiz $350 million unchanged
34 Eric Recto ISM $260 million up 13%
35 Edgar Saavedra Megawide $245 million down 36%
36 Michael Cosiquien Megawide $240 million down 38%
37 Manuel Zamora Nickel Asia $235 million down 16%
38 Wilfred Steven Uytengsu, Jr. Alaska $230 million down 4.1%
39 Jose Ma. Concepcion RFM $215 million 2.3%
40 Walter Brown Apex $200 million 25%
41 Necisto Sytengco SBS $180 million new
42 Alberto Villarosa Security Bank $170 million new
43 P.J. Lhuillier Lhuiller Pawnshop $160 million 11%
44 Rafael Simpao Jr. Security Bank $155 million new
45 Josie Natori Natori Fashion $150 million new
46 Jerry Liu Cirtek $145 million new
47 Juliette Romualdez $140 million unchanged
48 Gilberto Duavit GMA $135 million down 15%
49 Menardo Jimenez GMA $130 million down 24%
50 Felipe Gozon GMA $125 million 26%

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