MANILA, Philippines - Forbes Magazine again ranked Henry Sy as the Philippines’ richest man. This is Sy’s 11th year at the top spot.
According to the business magazine, the shopping tycoon’s new worth is at $20 billion or P1.04 trillion. Last year, he topped the same list with the net worth of P$12.7 billion or P 660.26 billion.
Sy is the chairman emeritus of SM Investments Corporation, Philippines’ largest retailer. They have also diversified their company with stakes in the retail, banking, and property sectors.
The businessman has its roots in Xiamen, China where he was born and lived until 12 years old. As a son of an entrepreneur, Sy balanced studying and working in his father’s convenience shop. He finished Bachelor of Arts/Science at the Far Eastern University. When he saved enough money and learned the ropes of retail, he opened his first business, a footwear shop.
Married with six children, Sy is now 93 years and is one of the oldest billionaires in the world.
He shared with Forbes, “You have to have a dream, whether big or small. Then plan, focus, work hard and be very determined to achieve your goals. There is no substitute for hard work.”
Richest men in the planet
Second on Philippines’ richest men is John Gokongwei of the JG Summit. They are involved with interests in air transportation, telecommunications, banking, food, power, and property. Gokongwei, shortly follows Sy at 91 years of age.
LIST: 2018 Ranking of Richest People in the Philippines
The richest man on the planet is Jeff Bezos, Amazon.com founder with a net worth of $112 billion. He founded the online commerce back in 1994 in a garage in Seattle.
The self-made billionaire is now 54 years old, married with four children. Aside from e-commerce, his other passion is space travel. He has his own aerospace company, Blue Origin.
— Sally, The Summit Express
According to the business magazine, the shopping tycoon’s new worth is at $20 billion or P1.04 trillion. Last year, he topped the same list with the net worth of P$12.7 billion or P 660.26 billion.
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| Henry Sy is Philippines’ richest man | Photo Courtesy: Facebook/Henry Sy Sr |
Sy is the chairman emeritus of SM Investments Corporation, Philippines’ largest retailer. They have also diversified their company with stakes in the retail, banking, and property sectors.
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| SM Investments is Philippines’ largest retailer | Photo Courtesy: Facebook/SM Malls |
The businessman has its roots in Xiamen, China where he was born and lived until 12 years old. As a son of an entrepreneur, Sy balanced studying and working in his father’s convenience shop. He finished Bachelor of Arts/Science at the Far Eastern University. When he saved enough money and learned the ropes of retail, he opened his first business, a footwear shop.
Married with six children, Sy is now 93 years and is one of the oldest billionaires in the world.
He shared with Forbes, “You have to have a dream, whether big or small. Then plan, focus, work hard and be very determined to achieve your goals. There is no substitute for hard work.”
Richest men in the planet
Second on Philippines’ richest men is John Gokongwei of the JG Summit. They are involved with interests in air transportation, telecommunications, banking, food, power, and property. Gokongwei, shortly follows Sy at 91 years of age.
LIST: 2018 Ranking of Richest People in the Philippines
| PH Rank | Global Rank | Name | Net Worth | Age | Source |
|---|---|---|---|---|---|
| 1 | 52 | Henry Sy | $20 B | 93 | diversified |
| 2 | 305 | John Gokongwei, Jr. | $5.8 B | 91 | food and beverage |
| 3 | 404 | Enrique Razon, Jr. | $4.9 B | 58 | ports |
| 4 | 441 | Lucio Tan | $4.7 B | 83 | diversified |
| 5 | 550 | Tony Tan Caktiong | $4 B | 65 | food |
| 6 | 572 | George Ty | $3.9 B | 85 | banking |
| 7 | 791 | Manuel Villar | $3 B | 68 | real estate |
| 8 | 887 | Andrew Tan | $2.7 B | 65 | diversified |
| 9 | 965 | Ramon Ang | $2.5 B | 64 | Diversified |
| 10 | 1650 | Robert Coyiuto, Jr. | $1.4 B | 65 | power |
| 11 | 1756 | Eduardo Cojuangco | $1.3 B | 82 | food, drinks |
| 12 | 1999 | Roberto Ongpin | $1.1 B | 81 | diversified |
The richest man on the planet is Jeff Bezos, Amazon.com founder with a net worth of $112 billion. He founded the online commerce back in 1994 in a garage in Seattle.
The self-made billionaire is now 54 years old, married with four children. Aside from e-commerce, his other passion is space travel. He has his own aerospace company, Blue Origin.
— Sally, The Summit Express
