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Ultra-rich Pinoys shed $1.2B in GCQ July with Ongpin biggest loser; Villar bucks trend

The country’s bilyonaryos lost a combined $1.2 billion in July with Metro Manila and other urban centers placed under general community quarantine (GCQ).

The country’s bilyonaryos lost a combined $1.2 billion in July with Metro Manila and other urban centers placed under general community quarantine (GCQ).

The 14 bilyonaryos on Forbes’ real-time list of the world’s wealthiest humans had total assets of $32.9 billion this month, down 3.5 percent from $34.1 billion in June.

The biggest loser in July is former Marcos trade minister Bobby Ongpin who accounted for half the bilyonaryo’s losses.

Ongpin’s fortune shrank by $600 million to $1.2 billion.

The richest Filipino, Manny Villar, was the lone gainer as he added $300 million to his fortune to $5 billion in 30 days.

Villar is the only Filipino on Bloomberg’s Top 500 billionaires at no. 495. Villar’s net wealth was pegged at $4.5 billion, down by 35 percent or $2.42 billion from the start of this year.

This is how the Filipino dollar billionaires stacked up in July:

1) Manny Villar – $5 billion up 6.3%
2) Enrique Razon – $4.1 billion down 2.3%
3) Hans Sy -$2.5 billion down 3.8%
4) Herbert Sy – $2.5 billion unchanged
5) Henry Sy Jr. – $2.3 billion unchanged
6) Harley Sy – $2.3 billion unchanged
7) Tessie Sy-Coson – $2.2 billion down 4.3%
8) Lucio Tan – $2 billion down 9%
9) Elizabeth Sy – $1.9 billion down 5%
10) Tony Tan Caktiong – $1.9 billion down 5%
11) Andrew Tan – $1.9 billion unchanged
12) Ramon S. Ang – $1.7 billion unchanged
13) Robert Coyiuto Jr. – $1.4 billion down 7%
14) Roberto V. Ongpin – $1.2 billion down 33%

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