MANILA, Philippines – Business magazine Forbes has released the world's list of billionaires for 2020, which includes 15 richest from the Philippines.
Former senator and real estate tycoon Manny Villar hailed as the richest Filipino with $5.6 billion or P282.9 billion net worth, ranked 286th out of 2,095 billionaires in the world. He is the chairman of Starmalls, one of Philippines largest mall operators, and Vista & Landscapes, the country's largest homebuilder.
Ranking second in the Philippines is Enrique Razon, Jr., 565th spot worldwide, with a $3.4 billion (about ₱170 billion) net worth. He chairs the International Container Terminal Services (ICTSI), the country's leading terminal operator. It also has subsidiaries in Eastern Europe, Africa, and the Americas.
The heirs of late mall tycoon Henry Sy also dominated the list: Hans ($2 billion or about ₱100 billion), Herbert ($2 billion or about ₱100 billion), Harley ($1.9 billion or about ₱96 billion), Henry Jr. ($1.9 billion or about ₱96 billion), Teresita Sy-Coson ($1.8 billion or ₱ 91 billion), and Elizabeth Sy ($1.6 billion or ₱80 billion).
Here's the complete list of Top 15 richest in the Philippines this 2020:
Jeff Bezos, founder of e-commerce giant Amazon, still the world's richest $113-billion (about ₱5.7 trillion). The e-commerce giant he runs has been in the spotlight amid the pandemic; it’s hiring 100,000 full- and part-time workers to help meet increased demand from consumers staying home and shopping online.
Bill Gates keeps his spot as number two richest, followed by luxury goods tycoon Bernard Arnault, who nudged out Warren Buffett to move into the number three spot for the first time.
Forbes noted that ranks of richest people on Earth were also affected by the COVID-19 pandemic.
"As of March 18, when we finalized this list, Forbes counted 2,095 billionaires, 58 fewer than a year ago and 226 fewer than just 12 days earlier, when we initially calculated these net worths."
— The Summit Express
Former senator and real estate tycoon Manny Villar hailed as the richest Filipino with $5.6 billion or P282.9 billion net worth, ranked 286th out of 2,095 billionaires in the world. He is the chairman of Starmalls, one of Philippines largest mall operators, and Vista & Landscapes, the country's largest homebuilder.
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| Manny Villar started his homebuilding business with this truck. Photo Credit: Facebook/Manny Villar |
Ranking second in the Philippines is Enrique Razon, Jr., 565th spot worldwide, with a $3.4 billion (about ₱170 billion) net worth. He chairs the International Container Terminal Services (ICTSI), the country's leading terminal operator. It also has subsidiaries in Eastern Europe, Africa, and the Americas.
The heirs of late mall tycoon Henry Sy also dominated the list: Hans ($2 billion or about ₱100 billion), Herbert ($2 billion or about ₱100 billion), Harley ($1.9 billion or about ₱96 billion), Henry Jr. ($1.9 billion or about ₱96 billion), Teresita Sy-Coson ($1.8 billion or ₱ 91 billion), and Elizabeth Sy ($1.6 billion or ₱80 billion).
Here's the complete list of Top 15 richest in the Philippines this 2020:
| PH Rank | Global Rank | Name | Net Worth | Age | Industries |
|---|---|---|---|---|---|
| 1 | 286 | MANUEL VILLAR | $5.6 B | 70 | Real Estate |
| 2 | 565 | ENRIQUE RAZON, JR. | $3.4 B | 60 | Logistics |
| 3 | 1063 | HANS SY | $2 B | 64 | Diversified |
| 4 | 1063 | HERBERT SY | $2 B | 63 | Diversified |
| 5 | 1135 | HARLEY SY | $1.9 B | 60 | Diversified |
| 6 | 1135 | HENRY SY, JR. | $1.9 B | 67 | Diversified |
| 7 | 1135 | ANDREW TAN | $1.9 B | 67 | Diversified |
| 8 | 1196 | TERESITA SY-COSON | $1.8 B | 69 | Diversified |
| 9 | 1267 | ROBERTO ONGPIN | $1.7 B | 83 | Diversified |
| 10 | 1267 | LUCIO TAN | $1.7 B | 85 | Diversified |
| 11 | 1267 | TONY TAN CAKTIONG & FAMILY | $1.7 B | 67 | Food & Beverage |
| 12 | 1335 | ELIZABETH SY | $1.6 B | 67 | Diversified |
| 13 | 1513 | RAMON ANG | $1.4 B | 66 | Food & Beverage |
| 14 | 1513 | ROBERT COYIUTO, JR. | $1.4 B | 67 | Energy |
| 15 | 1990 | EDUARDO COJUANGCO | $1 B | 84 | Food & Beverage |
Jeff Bezos, founder of e-commerce giant Amazon, still the world's richest $113-billion (about ₱5.7 trillion). The e-commerce giant he runs has been in the spotlight amid the pandemic; it’s hiring 100,000 full- and part-time workers to help meet increased demand from consumers staying home and shopping online.
Bill Gates keeps his spot as number two richest, followed by luxury goods tycoon Bernard Arnault, who nudged out Warren Buffett to move into the number three spot for the first time.
Forbes noted that ranks of richest people on Earth were also affected by the COVID-19 pandemic.
"As of March 18, when we finalized this list, Forbes counted 2,095 billionaires, 58 fewer than a year ago and 226 fewer than just 12 days earlier, when we initially calculated these net worths."
— The Summit Express
