The Full List of Billionaires Of Philippines - Who Are The Richest Person In The Philippines?
♦ Top 10 Richest People In Philippines 2023 and The Full List of 50
♦ Top 10 Richest Kids In Philippines
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| Billionaires in the Philippines - Photo GMA Network |
| Table of Contents |
How many billionaires in the Philippines? How much do Philippines’ richest people own?
In the list made by Forbes of top 50 richest people in the Philippines, there are 20 billionaires.
The combined wealth of the country’s 50 richest in the Philippines dropped to $72 billion in 2022 from $79 billion in 2021.
Why did the wealth of richest people decline?The Philippines’ economy grew 8.3% in the first quarter of 2022, as domestic demand started recovering from pandemic headwinds. Newly elected president Ferdinand “Bongbong” Marcos Jr., son of the former dictator, who was ousted in 1986, pledged to keep up the growth momentum. Nonetheless the pressures of inflation, rising commodity and energy prices as well as reduced exports to China dragged the benchmark stock index down 6% from 11 months ago when fortunes were last measured. The peso also plunged 12% over the same period. |
Top 10 Richest Persons in the Philippines
1. Sy brothers
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| Photo Esquire |
Net worth: $12.6 billion
Field: multidisciplinary
The six Sy siblings, including Teresita (pictured), Elizabeth, Henry Jr., Hans, Herbert and Harley, inherited the estate from their late father Henry Sy Sr. Most of their wealth comes from stakes in SM Investments and SM Prime. Currently, SM is one of the largest corporations in Southeast Asia, doing business in many different fields from department stores, supermarkets, banks, hotels to real estate and mining. (Photo: Forbes )
2. Manuel Villar
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| Photo Forbes |
Net worth: 7.8 billion USD
Sector: real estate
Manuel Villar chairs property developer Vista Land & Lifescapes run by his son Manuel Paulo. The company is planning to list a real estate investment trust in 2021. Villar’s biggest asset is his stake in Golden MV Holdings (formerly Golden Bria), a developer of mass housing projects and condos. In 2019, he took his home improvement chain AllHome public. Villar has been involved in politics and held positions including congressman, Speaker of the House of Representatives, senator, and Senate President.
Learn more: Who is Manuel Villar - Richest Person in Philippines: Biography, Personal Life And Net Worth
3. Enrique Razon, Jr.
Assets: $5.6 billion
Area: port
Enrique Razon, Jr. chairs International Container Terminal Services (ICTSI), the country’s leading ports operator. International Container also has subsidiaries in the Asia-Pacific, Eastern Europe, Africa, and the Americas. The crown jewel of his hospitality firm Bloomberry Resorts is the Solaire Resort and Casino in the Philippines.
| Lessones learnt from Enrique’s success: Ricky Razon isn’t just the king of Philippine ports, his International Container Terminal Services, Inc. (ICTSI) has gone global, managing ports in 18 countries including China, Indonesia, Pakistan, Australia, Brazil, Ecuador, Columbia, Argentina, Mexico, Congo, Poland, among others. Asian Development Bank even named it as one of the top five major maritime terminal operators in the world. All this won’t happen if not for his vision to go global and his sheer gumption to get at it. Who would have thought that a Philippine company can operate ports in the Americas, Europe, Middle East and Africa? Razon believes that the whole world is his market and that there is nothing wrong in thinking big and in thinking global. When you think it, you can make achieve it. |
4. Lance Gokongwei and siblings
Assets: $3.1 billion
Field: multidisciplinary
The 6 Gokongwei siblings including Lance, Robina, Lisa, Faith, Hope and Marcia, inherited the fortune from founder John Gokongwei Jr. Most of their assets come from shares in JG Summit, a multi-industry corporation from aviation and telecommunications to banking and food.
READ MORE: Interesting Facts About Youngest Billionaires In The World Today
5. The Aboitiz . Family
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| Photo Forbes |
Net worth: $2.9 billion
Field: multidisciplinary
Five generations of the Aboitiz family have made Aboitiz Equity Ventures (AEV) one of the leading conglomerates in the Philippines operating in a wide range of sectors such as energy, banking and financial services, food, infrastructure , land and data.
6. Isidro Consunji and siblings
Assets: $2.65 billion
Sector: construction and engineering
Siblings Isidro (pictured), Josefa, Jorge, Luz, Maria Cristina and Maria Edwina inherited the property from their late father David Consunji. Their wealth stems from DMCI Holdings, one of the largest real estate developers in the Philippines, founded by Mr. Consunji in 1954.
7. Tony Tan Caktiong & family
Assets: $2.6 billion
Sector: food
Tony Tan Caktiong is the Founder and President of Jollibee Foods, one of the world’s fastest growing Asian restaurant chains. The company currently operates more than 5,900 stores in the Philippines and many other countries around the world. In addition to the Jollibee and Highlands Coffee fried chicken brands, this business is also behind many other F&B chains such as Pho 24, Burger King, Coffee Bean & Tea Leaf, Tim Ho Wan…
8. Jaime Zobel de Ayala and family
Assets: 2.55 billion USD
Field: multidisciplinary
Jaime served as Chairman of Ayala Group until his retirement in 2006 and the position was taken over by his son, Jaime II. Currently, Jaime’s seven children hold more than a third of the shares of this corporation. Starting with a distillery in Manila, the Ayala family later expanded into banking, real estate, hotels, telecommunications and education.
READ MORE: The Full List of American Billionaires 2023 - Who Are Richest People in the US
9. Ramon Ang
Assets: $2.45 billion
Sector: food and beverage
Ramon Ang is the president and vice chairman of one of the nation’s oldest conglomerates, San Miguel. He also owns a substantial stake in Eagle Cement, which he took public in 2016. The company is increasing its capacity to 8.6 million metric tons.
Bold vision of Ramon AngThe self-made engineer boss of San Miguel Corp. (SMC), Petron and Eagle Cement Ramon Ang envisioned the transformation of SMC from a mainly beer/food group into a diversified, much bigger conglomerate. Among his exciting visionary projects is a new international airport in Bulacan. Many people criticized his vision. That it can never happen. That it was overly ambitions. That going outside its core business will endanger the whole company but he forged on and is now proving everyone wrong. |
10. Andrew Tan
Net worth: 2.4 billion USD
Field: multidisciplinary
Andrew Tan chairs Alliance Global, a holding company with interests in food and beverage, gaming and real estate. Alliance Global runs Emperador, the world’s largest brandy company by sales volume. Tan’s father splurged on a bottle of brandy at Tan’s graduation from the University of the East in 1974; that was Tan’s first time trying brandy.
| Resourcefulness of Andrew Tan ($2.6 billion) The self-made Megaworld, Emperador, and McDonald's Philippines boss Andrew Tan is a resourceful and creative entrepreneur. He thinks out of the box and is open to new ideas. When he was promoting Emperador, he forbade his advertising team to use sexy women for his liquor ad, which is the norm even until now. Instead, he wanted to go with a different approach and associate his brand with success. |
Full List of Billionaires in the Philippines
| Rank | Name | Net Worth | Age | Origin of Wealth |
|---|---|---|---|---|
| #1 | Sy siblings | $12.6 B | - | diversified |
| #2 | Manuel Villar | $7.8 B | 73 | real estate |
| #3 | Enrique Razon Jr. | $5.6 B | 62 | ports |
| #4 | Lance Gokongwei & siblings | $3.1 B | 56 | diversified |
| #5 | Aboitiz family | $2.9 B | - | Diversified |
| #6 | Isidro Consunji & siblings | $2.65 B | 73 | construction |
| #7 | Tony Tan Caktiong | $2.6 B | 69 | food |
| #8 | Jaime Zobel de Ayala | $2.55 B | 88 | diversified |
| #9 | Ramon Ang | $2.45 B | 68 | diversified |
| #10 | Andrew Tan | $2.4 B | 70 | diversified |
| #11 | Lucio Tan | $2 B | 88 | diversified |
| #12 | Ty siblings | $1.9 B | - | banking |
| #13 | Dennis Anthony & Maria Grace Uy | $1.75 B | 56 | telecommunication |
| #14 | Lucio & Susan Co | $1.7 B | 68 | retail |
| #15 | Hartono Kweefanus | $1.5 B | 72 | food manufacturing |
| #16 | Po family | $1.2 B | - | canned food |
| #17 | William Belo | $1.15 B | 77 | home improvement stores |
| #18 | Vivian Que Azcona & siblings | $1.1 B | 67 | drugstores |
| #19 | Mercedes Gotianun | $1.09 B | 95 | real estate |
| #20 | Betty Ang | $1.05 B | 68 | foods |
How many Female Billionaires in the Philippines?
| Rank | Name | Net Worth | Age | Origin of Wealth |
|---|---|---|---|---|
| #18 | Vivian Que Azcona & siblings | $1.1 B | 67 | drugstores |
| #19 | Mercedes Gotianun | $1.09 B | 95 | real estate |
| #20 | Betty Ang | $1.05 B | 68 | foods |
Who is the youngest billionaire in the Philippines?
| Name | Net Worth | Age |
| Lance Gokongwei & siblings | $3.1 B | 56 |
| Dennis Anthony & Maria Grace Uy | $1.75 B | 56 |
How old is the oldest billionaire in the Philippines?
| Rank | Name | Net Worth | Age | Origin of Wealth |
|---|---|---|---|---|
| #19 | Mercedes Gotianun | $1.09 B | 95 | real estate |
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