Business

Who got richer in November: Villar’s wealth zooms to all-time high $7.3B; Lucio Tan, Tan Caktiong, RSA, Andrew, Ricardo Po post twin-digit growth

The country’s ultra rich had a big pay off in November 2020 as their stocks’ market value rocket on the back of promising results of vaccine tests.

The country’s ultra rich had a big pay off in November 2020 as their stocks’ market value rocket on the back of promising results of vaccine tests.

The collective net worth of 15 bilyonaryos, who made the cut in Forbes’ real-time list of Filipinos with a net worth of at least $1 billion, soared 12 percent to P42.6 billion as of 30 November 2020 from P37.9 billion the previous month.

The biggest gainer is the richest Filipino, former senator Manny Villar, whose assets jumped to a record $7.3 billion in November, up 26 percent from $5.8 billion in October.

This is largely due to the rise in Villar’s thinly-traded stock, Golden Bria Holdings, which climbed to a 52-week high of P448 on Friday, November 27. This boosted its market cap to P288.565 billion or nearly five times the paper value of his core holding, Vista Land with P60.316 billion.

Five other bilyonaryos notched double-digit growth in November: Lucio Tan (up 14 percent to $3.4 billion), Tony Tan Caktiong (up 13 percnt to $2.6 billion), Andrew Tan (up 12 percent to $2.9 billion), Ramon S. Ang (up 12 percent to $2.5 billion, and Ricardo Po (up 10 percent to $1.1 billion).

The youngest Filipino bilyonaryo Injap Sia re-entered the elite circle after a three-year absence with a net worth of $1.1 billion as of November 3.

Here is the full list of Filipinos among the world’s billionaires as of 30 November 2020:

1) Manny Villar – $7.3 billion, up 26%

2) Enrique K. Razon – $5 billion, up 6.4%

3) Lucio Tan – $3.4 billion, up 14%

6) Andrew Tan – $2.9 billion, up 12%

4) Hans Sy –$2.8 billion, up 4%

5) Herbert Sy – $2.8 billion, up 4%

7) Henry Sy Jr. – $2.6 billion, up 4%

8) Harley Sy –$2.6 billion, up 4%

10) Tony Tan Caktiong – $2.6 billion, up 13%

9) Tessie Sy-Coson – $2.5 billion , up 4.32%

11) Ramon S. Ang –$2.5 billion, up 12%

12) Elizabeth Sy – $2.2 billion, unchanged

13) Roberto V. Ongpin – $1.2 billion, down 8%

14) Ricardo Po Sr. – $1.1 billion, up 10%

15) Injap Sia $1.1 billion (returnee)

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