Manila, Philippines - Forbes magazine officially released on Thursday, August 28, the list of the top 50 richest Filipinos for 2014.
The Forbes' ranking showed that 89-year-old Sy has a net worth of $12.7 billion, which is higher than his $9.3 net worth in 2013. Sy retains top spot for seventh year in a row due to to rising share price for his SM Prime Holdings, country's largest mall operator, and Banco de Oro (BDO), the country’s largest bank in terms of assets.
According to the American business magazine, the the country's 50 richest are worth a combined $74 billion, up 12% from $65.8 billion in 2013.
Here's the Forbes list of the richest Filipinos and their estimated net worth:
1. Henry Sy; US$12.7 billion (SM Prime Holdings)
2. Lucio Tan; $6.1 billion (LT Group)
3. Enrique Razon Jr.; $5.2 billion (International Container Terminal Services Inc.)
4. Andrew Tan; $5.1 billion (Alliance Global)
5. John Gokongwei Jr.; $4.9 billion (JG Summit Holdings)
6. David Consunji; $3.9 billion (DMCI Holdings)
7. George Ty; $3.7 billion (Metropolitan Bank & Trust Co.)
8. Aboitiz Family; $3.6 billion (Aboitiz Equity Ventures)
9. Jaime Zobel de Ayala & family; $3.4 billion (Ayala Corp.)
10. Tony Tan Caktiong; $2 billion (Jollibee Foods Corp.)
11. Robert Coyiuto Jr., $1.8 billion (National Grid)
12. Lucio & Susan Co, $1.7 billion (Puregold Price Club)
13. Yap family, $1.475 billion (Philtrust Bank)
14. Manuel Villar, $1.460 billion (Starmalls; Vista Land & Landscapes)
15. Inigo & Mercedes Zobel,$1.2 billion (Ayala Corp.)
16. Alfredo Yao, $1 billion (Macay Holdings; Zest-O)
17. Andrew Gotianun $955 million (Filinvest Development)
18. Vivian Que Azcona $935 million (Mercury Drug)
19. Eduardo Cojuangco $870 million (San Miguel Corp.)
20. Beatrice Campos $825 million (Unilab)
21. Po family $770 million (Century Canning)
22. Oscar Lopez $700 million (Lopez Holdings)
23. Alfonso Yuchengco $685 million (Rizal Commercial Bank Corp.)
24. Roberto Ongpin $680 million (Alphaland)
25. Betty Ang $670 million (Monde Nissin)
26. Dean Lao $625 million (D&L Industries)
27. Manuel Zamora $620 million (Nickel Asia)
28. Carlos Chan $550 million (Liwayway)
29. Jorge Araneta $510 million (Araneta Complex)
30. Mariano Tan Jr. $445 million (Unilab)
31. Edgar Sia $390 million (DoubleDragon)
32. Ramon Ang $380 million (San Miguel Corp.)
33. Michael Romero $375 million (Harbour Centre Port)
34. Concepcion Family $320 million (Concepcion Industrial)
35. Philip Ang $315 million (Nickel Asia)
36. Frederick Dy $310 million (Security Bank)
37. Luis Virata $300 million (Nickel Asia)
38. Alfredo Ramos $260 million (Atlas Consolidated Resources)
39. Wilfred Steven Uytengsu Jr. $255 million (Alaska Milk Corp.)
40. Tomas Alcantara $250 million (Alsons Consolidated Resources)
41. Jose Antonio $240 million (Century Properties)
42. Bienvenido Tantoco Sr. $235 million (Rustan’s)
43. Jacinto Ng $230 million (Asia United Bank)
44. Gilberto Duavit $200 million (GMA Network)
45. Menardo Jimenez $195 million (GMA Network)
46. Eric Recto $190 million (Alphaland)
47. Walter Brown $183 million (Atok-Big Wedge)
48. Felipe Gozon $182 million (GMA Network)
49. P.J. Lhuillier $180 million (Cebuana Lhuillier)
50. Juliette Romualdez $170 million (Banco de Oro; Benguet)
The list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and other sources. Net worths are based on stock prices and exchange rates as of close of markets on August 18.
The full list is available at www.forbes.com/philippines as well as in the latest issue of Forbes Asia.
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| Henry Sy |
According to the American business magazine, the the country's 50 richest are worth a combined $74 billion, up 12% from $65.8 billion in 2013.
Here's the Forbes list of the richest Filipinos and their estimated net worth:
1. Henry Sy; US$12.7 billion (SM Prime Holdings)
2. Lucio Tan; $6.1 billion (LT Group)
3. Enrique Razon Jr.; $5.2 billion (International Container Terminal Services Inc.)
4. Andrew Tan; $5.1 billion (Alliance Global)
5. John Gokongwei Jr.; $4.9 billion (JG Summit Holdings)
6. David Consunji; $3.9 billion (DMCI Holdings)
7. George Ty; $3.7 billion (Metropolitan Bank & Trust Co.)
8. Aboitiz Family; $3.6 billion (Aboitiz Equity Ventures)
9. Jaime Zobel de Ayala & family; $3.4 billion (Ayala Corp.)
10. Tony Tan Caktiong; $2 billion (Jollibee Foods Corp.)
11. Robert Coyiuto Jr., $1.8 billion (National Grid)
12. Lucio & Susan Co, $1.7 billion (Puregold Price Club)
13. Yap family, $1.475 billion (Philtrust Bank)
14. Manuel Villar, $1.460 billion (Starmalls; Vista Land & Landscapes)
15. Inigo & Mercedes Zobel,$1.2 billion (Ayala Corp.)
16. Alfredo Yao, $1 billion (Macay Holdings; Zest-O)
17. Andrew Gotianun $955 million (Filinvest Development)
18. Vivian Que Azcona $935 million (Mercury Drug)
19. Eduardo Cojuangco $870 million (San Miguel Corp.)
20. Beatrice Campos $825 million (Unilab)
21. Po family $770 million (Century Canning)
22. Oscar Lopez $700 million (Lopez Holdings)
23. Alfonso Yuchengco $685 million (Rizal Commercial Bank Corp.)
24. Roberto Ongpin $680 million (Alphaland)
25. Betty Ang $670 million (Monde Nissin)
26. Dean Lao $625 million (D&L Industries)
27. Manuel Zamora $620 million (Nickel Asia)
28. Carlos Chan $550 million (Liwayway)
29. Jorge Araneta $510 million (Araneta Complex)
30. Mariano Tan Jr. $445 million (Unilab)
31. Edgar Sia $390 million (DoubleDragon)
32. Ramon Ang $380 million (San Miguel Corp.)
33. Michael Romero $375 million (Harbour Centre Port)
34. Concepcion Family $320 million (Concepcion Industrial)
35. Philip Ang $315 million (Nickel Asia)
36. Frederick Dy $310 million (Security Bank)
37. Luis Virata $300 million (Nickel Asia)
38. Alfredo Ramos $260 million (Atlas Consolidated Resources)
39. Wilfred Steven Uytengsu Jr. $255 million (Alaska Milk Corp.)
40. Tomas Alcantara $250 million (Alsons Consolidated Resources)
41. Jose Antonio $240 million (Century Properties)
42. Bienvenido Tantoco Sr. $235 million (Rustan’s)
43. Jacinto Ng $230 million (Asia United Bank)
44. Gilberto Duavit $200 million (GMA Network)
45. Menardo Jimenez $195 million (GMA Network)
46. Eric Recto $190 million (Alphaland)
47. Walter Brown $183 million (Atok-Big Wedge)
48. Felipe Gozon $182 million (GMA Network)
49. P.J. Lhuillier $180 million (Cebuana Lhuillier)
50. Juliette Romualdez $170 million (Banco de Oro; Benguet)
The list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and other sources. Net worths are based on stock prices and exchange rates as of close of markets on August 18.
The full list is available at www.forbes.com/philippines as well as in the latest issue of Forbes Asia.
