40 richest Filipinos named by Forbes Magazine
For three years in a row, Henry Sy Sr. once again made it in Forbes magazine’s richest man in the Philippines for 2010. Sy’s net worth, whose wealth was primarily from the success of SM investmens, rose to $5 billion from $3.8 billion according to the latest Forbes 2010 survey. The 85 year old billionaire made $8 million more since Forbes’ The World’s Billionaires list in March 2010.
Lucio Tan ranked second with a net worth of $1.2 billion, earned from his companies, Philippine National Bank, Asia Brewery, Tanduay Holdings, Fortune Tobacco and Philippine Airlines Inc..
First time billionaire John Gokongwei Jr. made it in the third spot with net worth of $1.5 billion more than double his 2009 net worth of $720 million. His interests centered mostly in telecommunications, financial services, power, petrochemicals and hog farming.
Jaime Zobel de Ayala claimed the fourth spot with a net worth that rose to $1.4 billion compared to $1.2 billion. The CEO of Ayala Land Inc. was beaten in the third spot by Gokongwei.
The entrepreneur Andrew Tan of Alliance Global Group landed in fifth place with a net worth of $1.2 billion from $850 million.
Ranking in sixth is the restaurant chain magnate Tony Tan Caktiong, owning 1,500 Jollibee stores in the Philippines and abroad earned him a net worth of $980 million.
Bagging seventh place is Enrique Razon Jr. whose net worth increased to $975 million. His International Container Terminal Services Inc. operates in nine countries including, China, Ecuador and Philippines.
One of the five Filipino women made it in the eight spot as Beatrice Campos grew her net worth to $840 million.
The financial tycoon, George Ty made it to the 9th spot with $805 million. Since the previous list, as founder of Metropolitan Bank and Trust Co., he earned $290 million more.
Eduardo Cojuangco Jr., made it to the list landing in the 10 spot whose net worth grew by $100 million to $760 million.
For the complete list, click here.