Business

COVID-proof: Sia, Betty Ang, Gozon, Que, Lhuillier lead handful of gainers among 50 richest Filipinos

Only a fifth of the 50 richest Filipinos managed to build on their wealth during the pandemic-ravaged economy this year.

Forbes reported that the 50 richest Filipinos lost a combined fortune of $17.4 billion to $60.6 billion in 2020 but at least ten bucked the downtrend.

The biggest wealth builder is the youngest bilyonaryo, 43-year old Injap Sia, whose assets rose 75 percent to $700 million. Sia, who jumped seven places to 21st in the 2020 rankings, raised P1.5 billion from the initial public offering of grocery start-up, MerryMart, last June.

Trailing Sia is Betty Ang, owner of Monde Nissin and Quorn UK, whose riches are up 31 percent to $185 million. Ang broke a three-year downtrend which saw her wealth fall from $880 million in 2017 to $141 million in 2019.

GMA Network chair and CEO Felipe Gozon had the third biggest gain with 17 percent to $170 million

Mercury Drug’s Vivian Que Azcona and siblings were fourth with a gain of 16 percent to $190 million.

Pawnshop king P.J. Lhuillier posted an 11 percent gain in net assets to $230 million.

Top 10 gainers and 50 richest Filipinos in 2020:

1) Injap Sia – $700 million, up 75%
2) Betty Ang – $185 million, up 31%
3) Felipe Gozon – $170 million, up 17%
4) Vivian Que Azcona & siblings – $1.34 billion, up 16 perent)
5) P.J. Lhuillier – $230 million, up 11%
6) Juliette Romualdez – $160 million, up 6%
7) Ricardo Po Sr. – $1 billion, up 5.2%
8) Wilfred Uytengsu – $250 million, up 4.1%
9) William Belo – $900 million, up 3.4%
10) Jacinto Ng – $490 million, up 2%

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