Lucio and Susan Co
Age – 63
Source Of Wealth – Retailing, Self Made
Residence – Manila, Philippines
Citizenship – Philippines
Marital Status – Married
Children – 3
Husband and wife team started with one hypermarket in 1998; closed 2015 with 274 stores, making them the country’s second-largest retailer, after Henry Sy’s SM Group. The network of hypermarkets, supermarkets, and discount stores continues to expand. The Co family also has money transfer company, retail pharmaceuticals, office supplies, gaming, hotels, wine distribution, property development. In September 2015, the Philippines’ Supreme Court cleared the company of liability in a $58 million tax case involving alcohol and tobacco imports.
*Bilyonaryo rankings based on Forbes.com real-time results May 8, 2018.