LIST: Forbes names richest men, women in Philippines
Rosette Adel (philstar.com) - August 27, 2015 - 12:13am

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

For the eighth consecutive year, 90-year-old shopping mogul Henry Sy, topped the list with his net worth of $14.4 billion. He got richer by more than $2 billion from his 2014 net worth of $12.7 billion.

Most of the 50 richest Filipinos happened to be male business tycoons. Only four women, namely Betty Ang, Vivian Que Azcona Beatrice Campos and Juliette Romualdez made the list.

The top 25 individuals and their families, their source of wealth and wealth are indicated below.

Philippines Rank Name Source of Wealth Affiliated Brands August 2015 Net Worth, in billions
1 Henry Sy diversified SM Investments Corp. City of Dreams Manila  $14.40
2 John Gokongwei Jr. diversified JG Summit Holdings, Cebu Pacific, Universal Robina  $ 5.50
3 Andrew Tan diversified Megaworld, McDonald's, Emperador Distillers, Resorts World Manila  $ 4.50
4 Lucio Tan diversified Asia Brewery, Philip Morris-Fortune Tobacco, Philippine Airlines, Philippine National Bank  $ 4.30
5 Enrique Razon Jr. ports International Container Terminal Services, Solaire Resort  $ 4.10
6 George Ty banking GT Capital, Metrobank  $ 4.00
7 Aboitiz family diversified Aboitiz Equity Ventures  $ 3.60
8 Jaime Zobel de Ayala diversified Ayala Land, BPI, Globe Telecom, Manila Water  $ 3.50
9 David Consunji construction DMCI Holdings  $ 3.20
10 Tony Tan Caktiong fast food Jollibee Foods, Greenwich Pizza, Chowking  $ 2.20
11 Lucio and Susan Co retailing Puregold Price Club  $ 1.70
12 Robert Coyiuto Jr. power Prudential Guarantee & Assurance, PGA Cars, National Grid Corp.  $ 1.60
13 Manuel Villar real estate Starmalls, Vista Land & Landscapes  $1.50
14 Yap family banking Philtrust Bank, Manila Bulletin Publishing  $ 1.40
15 Alfredo Yao diversified Zest-O, Zest Air, Summit Hotel  $ 1.30
16 Dean Lao diversified D&L Industries, Chemrez  $ 1.10
17 Oscar Lopez media ABS-CBN, Star Cinema, First Gen Corp.  $ 1.00
18 Andrew Gotianun real estate East West Banking,Filinvest Development  $ 0.91
19 Betty Ang food Monde Nissin, Lucky Me!  $ 0.91
20 Roberto Ongpin diversified Alphaland  $ 0.90
21 Inigo and Mercedes Zobel diversified Stake in Ayala Corp, San Miguel Corp.  $ 0.87
22 Vivian Que Azcona retailing Mercury Drug  $ 0.78
23 Eduardo Cojuangco food and drinks Northern Cement  $ 0.77
24 Beatrice Campos pharmaceutical Unilab  $ 0.74
25 Ricardo Po and family canned food Century Tuna  $ 0.64

 

Retail tycoon Bienvenido Tantoco Sr. is the oldest in the list. At 94 years old, Tantoco was identified as the 31st richest Filipino with a net worth of $480 million net. The youngest in the list is 38-year-old Edgar Sia, founder of Mang Inasal, who is ranked as 34th in the list with his $390 million wealth.

View the complete list of 50 richest Filipinos on the website of Forbes magazine.

RELATED: Forbes: Henry Sy richest Filipino for 8 straight year

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