Business

LIST: Forbes names 50 richest Filipinos for 2016

August 25, 2016 | 12:41pm

MANILA, Philippines — American business magazine Forbes on Thursday released its new list of 50 richest Filipinos and their families.

Shopping mogul, Henry Sy, 91, topped the list for the ninth-consecutive year. His net worth of $13.7 billion declined by $0.7 billion from his 2015 net worth of $14.4 billion.

Forbes’ richest list consists mostly of male business tycoons while only five females made it to the list. The businesswomen who made it to the list were Mercedes Zobel, Betty Ang, Vivian Que Azcona, Beatrice Campos and Juliette Romualdez.

On the other hand, 39-year-old fast food businessman, Edgar Sia, was named the youngest richest Filipino while the 95-year-old co-founder of Rustans Group, Bienvenido Tantoco Sr., was the oldest business man to make it to the list.

Below are the top 50 richest Filipinos, their affiliated brands, source of wealth and net worth.

Philippines Rank	Name	Source of Wealth	Affiliated Brands	August 2016 Net Worth
1	Henry Sy	diversified	SM Investments Corp., City of Dreams Manila	$13.7 B
2	John Gokongwei Jr.	diversified	JG Summit Holdings, Cebu Pacific, Universal Robina	$6.8 B
3	Aboitiz family	diversified	Aboitiz Equity Ventures	$5 B
4	Lucio Tan	diversified	Asia Brewery, Philip Morris-Fortune Tobacco, Philippine Airlines, Philippine National Bank	$4.9 B
5	George Ty	banking	GT Capital, Metrobank	$4.6 B
6	Tony Tan Caktiong	fast food	Jollibee Foods, Greenwich Pizza, Chowking	$4.3 B
7	Jaime Zobel de Ayala	diversified	Ayala Land, BPI, Globe Telecom, Manila Water	$4.1 B
8	Enrique Razon Jr.	ports	International Container Terminal Services, Solaire Resort	$3.5 B
9	David Consunji	construction	DMCI Holdings	$3.1 B
10	Andrew Tan	diversified	Megaworld, McDonald's, Emperador Distillers, Resorts World Manila	$3 B
11	Lucio and Susan Co	retailing	Puregold Price Club	$2 B
12	Manuel Villar	real estate	Starmalls, Vista Land & Landscapes	$1.8 B
13	Robert Coyiuto, Jr.	power	Prudential Guarantee & Assurance, PGA Cars, National Grid Corp.	$1.7 B
14	Inigo & Mercedes Zobel	diversified	Stake in Ayala Corp, San Miguel Corp.	$1.5 B
15	Gotianun family	real estate	East West Banking, Filinvest Development	$1.3 B
16	Ramon Ang	diversified	San Miguel Corporation, Eagle Cement, Cyber Bay Corporation	$1.21 B
17	Edgar Sia	fast food	Mang Inasal, Stake in DoubleDragon Properties	$1.2 B
18	Roberto Ongpin	diversified	Alphaland	$1.19 B
19	Dean Lao	chemicals	D&L Industries, Chemrez	$1.15 B
20	Eduardo Cojuangco	food and drinks	San Miguel, Northern Cement	$1.14 B
21	Yap family	banking	Philtrust Bank, Manila Bulletin Publishing	$1.1 B
22	Ricardo Po family	canned food	Century Tuna	$950 M
23	Oscar Lopez	media	ABS-CBN, Star Cinema, First Gen Corp.	$940 M
24	Vivian Que Azcona	retailing	Mercury Drug	$900 M
25	Alfredo Yao	diversified	Zest-O, Zest Air, Summit Hotel	$810 M
26	Betty Ang	food	Monde Nissin, Lucky Me!	$800 M
27	Beatrice Campos	pharmaceutical	Unilab	$700 M
28	Carlos Chan	food	Oishi	$550 M
29	Frederick Dy	banking	Security Bank	$480 M
30	Concepcion family	food	Concepcion Industrial	$450 M
31	Jorge Araneta	real estate	Araneta Group	$430 M
32	Alfonso Yuchengco	diversified	Rizal Commercial Bank	$400 M
33	Mariano Tan, Jr.	pharmaceutical	United Laboratories	$370 M
34	Manuel Zamora	mining	Nickel Asia	$300 M
35	Michael Cosiquien	construction	Megawide Construction	$265 M
36	Wilfred Steven Uytengsu, Jr.	milk	Alaska Milk	$260 M
37	Edgar Saavedra	construction	Megawide Construction	$255 M
38	Eric Recto	diversified	Bedfordbury Development, Stake in ISM Communications and in Public Bank of Communication	$250 M
39	Jacinto Ng	diversified	Republic Biscuit Corp. (REBISCO), Stake in Asia United Bank	$200 M
40	Jose Antonio	real estate	Century Properties	$195 M
41	Tomas Alcantara	diversified	Alsons Consolidated, Indophil Resources,	$190 M
42	Gilberto Duavit	media	GMA Network	$185 M
43	Menardo Jimenez	media	GMA Network	$180 M
44	Ben Tiu	diversified	TKC Metals	$175 M
45	P.J. Lhuillier	pawn shops	Cebuana Lhuillier	$170 M
46	Bienvenido Tantoco, Sr.	retailing	Rustan's Group	$165 M
47	Felipe Gozon	media	GMA Network,	$160 M
48	Juliette Romualdez	banking	Banco De Oro, Stake in Benguet	$155 M
49	Michael Romero	ports	GlobalPort 900	$150 M
50	Luis Virata	mining	Stake in Nickel Asia	$145 M