According to Ford Asia, Henry Sy is still the Philippines’ richest Filipino.
Enrique Razon Jr. has the biggest gain in wealth in the past year.
Sy owns the SM Prime, one of the country’s largest mall developers.
He remains on top of the list of 40 richest people in the Philippines, with a net worth of $9.1 billion.
Lucio Tan of the PAL is second on the list with a net worth of $4.5 billion, up $1.7 billion from last year. Tan also has interests in beer production, tobacco and real estate.
Razon is in the 3rd slot, whose net worth surged by $2 billion to $3.6 billion. He is the head of the International Container Terminal Services, one of the largest port operators in Asia. He has expanded from shipping to gambling and resorts, holding a stake in Bloomberry Resorts, which had a public offering in May.
Roberto Ongpin, former Trade Minister, ranked 9th with $1.5 billion. He has investments in property, gaming, mining and telecommunications. He was involved in a Senate inquiry over an allegedly behest loan given by the Development Bank of the Philippines last year.
The Puregold Price Club owners Lucio and Susan Co are newcomers of the list, who are number 13 on the list with a net worth of $1.2 billion; and Megawide Construction’s Michael Cosiquien, whose net worth of $150 million put him at the 39th spot.
Manuel Villar has a $720 million net worth and he is 18th on the list.
Others who are also on the list are Oscar Lopez, Gilberto Duavit, Menardo Jimenez and Felipe Gozon.
Lopez is on the 31st of the list with a net worth of $245 million, the chairman emeritus of Lopez Holdings, which controls ABS-CBN.
There are now 15 billionaires in the Philippines
The top 10 richest in the Philippines are: Henry Sy, Lucio Tan, Enrique Razon Jr., John Gokongwei Jr., David Consunji, Andrew Tan, Jaime Zobel de Ayala, George Ty, Roberto Ongpin and Eduardo Cojuangco Jr.