September 26, 2019
Former Sen. Manuel Villar is no longer the richest in the Philippines as the Sy siblings—heirs of tycoon Henry Sy who died in January—take the top spot with a combined wealth of $17.2 billion (more than P897.763 billion), according to a ranking by Forbes Magazine.
Villar is the second wealthiest with $6.6 billion (more than P344.457 billion).
Sy siblings now the country’s richest, dislodging Manny Villar who slips to second place, according to Forbes Philippines Rich List. Ty siblings enter the list at number 9 @PhilstarNews @PhilippineStar pic.twitter.com/yGRxeksC3a
— Iris Gonzales (@eyesgonzales) September 26, 2019
According to a 2018 report by Interaksyon citing Credit Suisse’s "Global Wealth Report", more than 60 million Filipinos had an average wealth of $9,773 (or P513,736.32 in 2018 rates) in 2017.
This was lower than the average wealth of $9,878 (or P519,265.44 in 2018 rates) recorded in 2016.
March 7, 2018
Henry Sy still richest Filipino
Shopping mall tycoon Henry Sy is still the richest man in the Philippines with $20 billion. He is the 52nd richest man in the world.
Overall, there are 12 Filipinos in the 2018 Forbes billionaires list. They are:
- Henry Sy: $20 billion
- John Gokongwei Jr.: $5.8 billion
- Enrique Razon Jr.: $4.9 billion
- Lucio Tan: $4.7 billion
- Tony Tan Caktiong: $4 billion
- George Ty: $3.9 billion
- Manuel Villar: $3 billion
- Andrew Tan: $2.7 billion
- Ramon Ang: $2.5 billion
- Robert Coyiuto Jr.: $1.4 billion
- Eduardo Cojuangco: $1.3 billion
- Roberto Ongpin: $1.1 billion
Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine's 2018 billionaires list published Tuesday.
US President Donald Trump's ranking on the list fell to 766th place from 544th in the last edition, his wealth now being estimated at $3.1 billion, $400 million less than a year ago.
Legendary investor Warren Buffett held on to his number three ranking, followed by French industrialist Bernard Arnault, who jumped to fourth-richest person from his previous number 11 spot, mostly thanks to euro strength against the dollar, the magazine said. Facebook's Mark Zuckerberg was fifth on the list.