Henry Sy, 9 other Taipans top Forbes’ rich list in PH

MANILA, Philippines – The richest man in the Philippines, Henry Sy, continues to dominate over the business landscape of the country as he retains the top spot in the Forbes Philippines rich list for the sixth year in a row.

“Topping the list for the sixth straight year is Henry Sy. His net worth increased by $2.9 billion to $12 billion, as shares of his company SM Investments reported record profits of over $570 million in 2012,” Forbes said in a statement.

Lucio Tan is at second with an estimated $7.5billion and “is this year’s biggest gainer in dollar terms after his net worth jumped to $7.5 billion, up by $3 billion from $4.5 billion in 2012,” Forbes said.

Henry Sy INQUIRER FILE PHOTO

Andrew Tan has moved up to third place from sixth in the previous year with $4.6 billion, which was double his wealth in 2012, it said.

Enrique Razon Jr. came it at fourth with $4.5 billion and John Gokongwei Jr. at fifth with $3.4 billion.

“The Philippines’ richest also benefited from a buoyant stock market, which is up 28% in the past year,” Forbes said.

The Philippines has two new billionaires, former senator Manuel Villar, who is at number 16, with an estimated wealth of $1.05 billion and the Aboitiz Family which ranks seventh with $3 billion after the entire clan consolidated their wealth.

“The combined net worth of the Philippines’ 50 richest totaled $65.8 billion, more than a quarter of the nation’s Gross Domestic Product,” Forbes said.

“This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and other sources,” it said.

The full list according to the Forbes Philippines Richest List that can be found in https://www.forbes.com/philippines-billionaires/

1) Henry Sy; US$12 billion

2) Lucio Tan; $7.5 billion

3) Andrew Tan; $4.6 billion

4) Enrique Razon Jr.; $4.5 billion

5) John Gokongwei Jr.; $3.4 billion

6) Jaime Zobel de Ayala; $3.1 billion

7) Aboitiz Family; $3 billion

8) David Consunji; $2.7 billion

9) George Ty; $2.6 billion

10) Lucio & Susan Co; $1.9 billion

11) Tony Tan Caktiong & Family; $1.7 billion

12) Robert Coyiuto Jr; $1.5 billion

13) Emilio Yap; $1.35 billion

14) Roberto Ongpin; $1.3 billion

15) Inigo & Mercedes Zobel; $1.2 billion

16) Manuel Villar; $1.05 billion

17) Andrew Gotianun; $1 billion

18) Beatrice Campos & family; $900 million

19) Vivian Que Azcona & family; $840 million

20) Eduardo Cojuangco; $825 million

21) Alfonso Yuchengco & family; $705 million

22) Oscar Lopez & family; $675 million

23) Betty Ang; $600 million

24) Jorge Araneta; $505 million

25) Carlos Chan; $500 million

26) Michael Romero; $490 million

27) Eric Recto; $485 million

28) Mariano Tan Jr.; $435 million

29) Frederick Dy; $290 million

30) Walter Brown; $270 million

31) Ramon Ang; $260 million

32) Jose Antonio; $255 million

33) Wilfred Steven Uytengsu Jr. & family; $250 million

34) Manuel Zamora; $240 million

35) Jacinto Ng; $230 million

36) Alfredo Ramos & family; $225 million

37) Gilberto Duavit & family; $224 million

38) Menardo Jimenez; $223 million

39) Edgar Sia; $210 million

40) Bienvenido Tantoco Sr. & family; $205 million

41) Felipe Gozon & family; $200 million

42) Alfredo Yao; $180 million

43) Michael Cosiquien; $175 million

44) Edgar Saavedra; $170 million

45) Juliet Romualdze; $165 million

46) Tomas Alcantara & family; $160 million

47) Lourdes Montinola & family; $155 million

48) Luis Virata; $120 million

49) Philip Ang;  $115 million

50) Manuel V. Pangilinan; $105 million