11 Filipinos return to Forbes 2016 world billionaire list
MANILA, Philippines — Eleven Filipinos are tagged anew on the recently released Forbes magazine’s annual billionaires list.
Mall and real estate magnate Henry Sy, 91, and his family remain the richest in the Philippines. Sy is the highest-ranking Filipino in the Forbes' dollar billionaires club this year as he jumped from rank 73 to 71.
Although Sy's rank went higher globally, his net worth dropped from $14.8 billion last year to only $13.3 billion this year.
Sy was followed by JG Summit Holdings' John Gokongwei Jr. ranking 270 in the world with wealth of $5.1 billion. On the other hand, Philippine Airlines and Asia Brewery's Lucio Tan and family were named the third on the 380th spot with their $4.4 billion.
The Forbes list singled out the wealthiest individuals from at least 67 countries.
The 11 Filipino billionaires who made it to the list were dominated by United States-based businessmen. Topping the list are Microsoft founder Bill Gates with $75.8 billion and Facebook's Mark Zuckerberg who placed sixth with his $46.7 billion.
Nineteen-year-old Alexandra Andersen from Oslo, Norway was named the youngest world billionaire with $1.2 billion from her investments while 100-year-old David Rockefeller Sr. is the oldest billionaire in the link ranked 569 with $3 billion from assets in the oil and banking industry.
The 11 Filipinos who landed on the Forbes' list and their net worth in dollars and source of wealth are indicated below.
| World # | Billionaire | Source of Wealth | Affiliated Brands | 2016 Real time Net Worth |
|---|---|---|---|---|
| 71 | Henry Sy and family | diversified | SM Investments Corp. City of Dreams Manila | $13.3 billion |
| 270 | John Gokongwei Jr. | diversified | JG Summit Holdings, Cebu Pacific, Universal Robina | $5.1 billion |
| 380 | Lucio Tan and family | diversified | Asia Brewery, Philip Morris-Fortune Tobacco, Philippine Airlines, Philippine National Bank | $4 billion |
| 421 | George Ty and family | banking | GT Capital, Metrobank | $3.8 billion |
| 569 | David Consunji | construction | DMCI Holdings | $3.2 billion |
| 569 | Andrew Tan | diversified | Megaworld, McDonald's, Emperador Distillers, Resorts World Manila | $ 3.1 billion |
| 569 | Tony Tan Caktiong and family | fast food | Jollibee Foods, Greenwich Pizza, Chowking | $3.2 billion |
| 722 | Enrique Razon Jr. | ports | International Container Terminal Services, Solaire Resort | $2.5 billion |
| 1121 | Lucio and Susan Tan | retailing | Puregold Price Club | $1.63 billion |
| 1121 | Robert Coyiuto Jr. | power | Prudential Guarantee & Assurance, PGA Cars, National Grid Corp. | $1.59 billion |
| 1367 | Manuel Villar | real estate | Starmalls, Vista Land & Landscapes | $1.33 billion |
The Filipino billionaires have a combined fortune of $42.75 billion or P2,021.65 trillion—a trillion short of the Philippine government’s P3.002 trillion national budget for 2016.
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