11 Filipinos return to Forbes 2016 world billionaire list
Rosette Adel (Philstar.com) - March 1, 2016 - 7:38pm

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.

RELATED: 11 Filipinos in Forbes' 2015 world billionaires list

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