Business

11 Filipinos in Forbes' 2015 world billionaires list

Camille Diola - The Philippine Star

March 3, 2015 | 11:41am

MANILA, Philippines — Mall and real estate magnate Henry Sy and his family remain the richest in the Philippines and among the 11 Filipinos included in the Forbes' dollar billionaires club this year.

The 11 Filipino billionaires have a combined fortune of $51.9 billion or P2.28 trillion—a little less than the Philippine government's P2.6 trillion national budget for 2015.

Forbes Magazine reported Sy's 10-digit growth in fortune was due to the expansion of SM Investments Corp. in real estate development, shopping malls and banking the past year. Sy also invested in City of Dreams Manila resort and casino.

JG Summit Holdings' John Gokongwei Jr. with $5.8 billion landed second in this list, followed by ports king Enrique Razon Jr. with $5.2 billion.

World #	Billionaire	Source of Wealth	Affiliated Brands	2015 Net Worth
73	Henry Sy and family	diversified	SM Investments Corp. City of Dreams Manila	$14.8 billion
254	John Gokongwei Jr.	diversified	JG Summit Holdings, Cebu Pacific, Universal Robina	$5.8 billion
291	Enrique Razon Jr.	ports	International Container Terminal Services, Solaire Resort	$5.2 billion
330	Andrew Tan	diversified	Megaworld, McDonald's, Emperador Distillers, Resorts World Manila	$4.8 billion
369	Lucio Tan and family	diversified	Asia Brewery, Philip Morris-Fortune Tobacco, Philippine Airlines, Philippine National Bank	$4.4 billion
369	George Ty and family	banking	GT Capital, Metrobank	$4.4 billion
405	David Consunji	construction	DMCI Holdings	$4.1 billion
690	Tony Tan Caktiong and family	fast food	Jollibee Foods, Greenwich Pizza, Chowking	$2.7 billion
810	Lucio and Susan Tan	retailing	Puregold Price Club	$2.3 billion
1054	Robert Coyiuto Jr.	power	Prudential Guarantee & Assurance, PGA Cars, National Grid Corp.	$1.8 billion
1190	Manuel Villar	real estate	Starmalls, Vista Land & Landscapes	$1.6 billion

Stocks of Gokongwei's holding company shot up significantly the past year despite hiccups in Cebu Pacific airline's operations with a $1.2 million fine.

Construction czar David Consunji, 93. also made the list due to DMCI Holdings' jump in stocks. Consunji's son, Isidro, has invested in power and developed the 150-hectare Acacia Estates in Taguig.

Lucio and Susan Co, founders of Puregold and Cosco Capital, re-entered the list this year with a 2015 net worth of $2.3 billion. Their Puregold supermarkets now have 200 branches nationwide.