Business Headlines

Covid comebacks: Romero, Virata, Aboitiz, Montinola return to Forbes 50 richest

Four bilyonaryos are back on Forbes annual ranking of the 50 richest Filipinos.

Forbes said the four – Mikee Romero, Luis Virata, Mikel Aboitiz, and Lourdes Montinola – benefited from the lower cutoff in 2020 which dropped by 23 percent to $100 million from $130 million in 2019.

After a three-year hiatus, Romero is back on the elite list with a net worth of $135 million.

Romero, who is the Philippine partner of Malaysia’s AirAsia group, has been on the list five times since his first listing in 2013.

Virata, part-owner and director of Nickel Asia, returns to the Forbes 50 after a two-year absence. He ranked No. 48 with a net worth of $115 million in 2020. Virata has been on the list 10 times since 2008. His Nickel Asia partner, Manny Zamora, is No. 29 with $280 million.

Another comebacking bilyonayo is Aboitiz who ranked No. 49 with a net worth of $110 million this year. The vice-chair of Aboitiz Equity Ventures landed on the Forbes 50 list in 2017 and 2018. His cousin, Erramon, is ranked No. 44 with $150 million.

Montinola, the matriarch of the family behind Far Eastern University, is No. 50 on the list with $100 million. It’s her second time on the rankings since her first appearance in 2013.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.