Money

Bilyonaryos back to pre-pandemic level: Lucio Tan gains $800M in October, leapfrogs Sy-blings to No. 3

The Philippines’ ultra-wealthy had a feast in October as their collective fortunes bounced back to pre-coronavirus level.

The combined net assets of fourteen bilyonaryos, with a net worth of at least $1 billion each, jumped $3.1 billion or nine percent to $37.9 billion in October 2020 from $34.8 billion the previous month.

They are just a billion dollars or two short of their total value in January 2020 when the coronavirus was just starting to spread.

The 86-year old Lucio Tan was the biggest gainer as he rocketed back to No. 3 in October from No. 10 in September.
Tan’s assets jumped $800 million to $3 billion in the last 30 days with his LT Group stock back to its January 2020 level at P11.54 as of October 30.

The Sy-blings – Hans, Herbert, Big Boy, Harley, Tessie, and Elizabeth – racked up a combined $1.1 billion to $15 billion in October.

Other top gainers were richest Filipino Manny Villar (up 14 percent to $5.8 billion) and Jollibee’s Tony Tan Caktiong (up 15 percent to $2.3 billion).

Here’s how the bilyonaryos stacked up month-on-month in October 2020:

1) Manny Villar – $5.8 billion, up 14%
2) Enrique K. Razon – $4.7 billion, unchanged
3) Lucio Tan – $3 billion, up 36%
4) Hans Sy – $2.7 billion, up 8%
5) Herbert Sy – $2.7 billion, up 8%
6) Andrew Tan – $2.6 billion, up 8.3%
7) Henry Sy Jr. – $2.5 billion, up 8.7%
8) Harley Sy – $2.5 billion, up 8.7%
9) Tessie Sy-Coson – $2.4 billion, up 4.3%
10) Tony Tan Caktiong $2.3 billion, up 15%
11) Ramon S. Ang – $2.2 billion, unchanged
12) Elizabeth Sy – $2.2 billion, up 10%
13) Roberto V. Ongpin -$1.3 billion, up 8%
14) Ricardo Po Sr. – $1 billion, unchanged

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