List of Top 10 Richest person in the Philippines

Here is the list of top 10 richest Filipino:

1.Sy Siblings- $17.2 B

Known Brand:  SM

The six Sy siblings, Teresita, Elizabeth, Henry Jr., Hans, Herbert and Harley, inherited their fortune from their late father Henry Sy Sr.Their combined net worth is comprised largely of stakes held in the group's publicly-traded SM Investments and SM Prime.SM traces its roots to Henry Sr., who sold overrun shoes in 1958 at a store in Manila he aptly called Shoemart. Today SM is one of Southeast Asia's largest conglomerates, with interests in department stores, supermarkets, banks, hotels, real estate and mining. While daily operations are now managed by outside professionals, the siblings sit on the group's boards and guide SM's overall strategy.

 

2.Manuel Villar- $6.6 B

Known Brand: Camella, Starmall

Manuel Villar is the chairman of Starmalls, one of Philippines largest mall operators, and Vista & Landscapes, the country's largest homebuilder. The family-owned Golden Haven Memorial Park, a property developing affiliate of Vista Land, focuses on parks. It went public in June 2016. In December 2017, his company acquired Bria Homes, a developer of mass housing projects and condos, and changed its name to Golden Bria. As a child, Manuel helped his mom sell seafood in a Manila market. Villar's wife, Cynthia Villar, is a senator in the Philippines.

 

3. John Gokongwei, Jr.- $5.3 B

 

Known Brand: Universal Robina Corporation

John Gokongwei is founder of JG Summit, which has interests in air transportation, telecommunications, banking, food, power, and property. The cornstarch plant he started in 1957 has grown into Universal Robina Corporation, one of the country's largest food and beverage companies. His brother James Go chairs JG Summit. Gokongwei's only son, Lance, is its chief executive officer. His eldest daughter, Robina, is the president of the family's Robinson Retail Holdings, Philippines' second largest multi-format retailer. His other daughter, Lisa, runs Summit Media.  

 

4.Enrique Razon, Jr- $5.1 B

Known Brand: Soliare Casino

Enrique Razon chairs the International Container Terminal Services (ICTSI), the country's leading terminal operator. It also has subsidiaries in Eastern Europe, Africa, and the Americas. Razon's grandfather began with a port in Manila in 1916. Razon's dad rebuilt the business after WWII. Razon transformed it into a global giant. His hospitality firm, Bloomberry Resorts Co., features its crown jewel, the Solaire Casino and Resort in the Philippines.

 

5. Jaime Zobel De Ayala-       $3.7 B

 

Known Brand: Ayala Corporation, Globe Telecom

Jaime chaired his family's Ayala Group until retiring in 2006 when his son, Jaime II, took over. Now Jaime's 7 children control more than one-third of the $3.9 billion (revenue) conglomerate. His grandfather started with a distillery in Manila, then expanded the business into banking, real estate, hotels, telecommunications, and education. 

 

6. Lucio Tan-     $3.6 B

 

Known Brand: Philippine Airline

Lucio Tan is the founder and chairman of the $1.1 billion sales LT Group, which has interests in tobacco, spirits, banking and property development. Tan started as a chemical engineer at Far East University, where he mopped floors to put himself through college. In 1982, Tan established Asia Brewery. Now a subsidiary of LT Group, the brewery was the only one then to compete with the market leader San Miguel. In April 2017 President Duterte accused Tan of owing the Philippine government nearly $600 million in taxes. 

 

7.Tony Tan Caktiong- $3 B

Known Brand: Jollibee

Tony Tan Caktiong is the founder and chairman of Jollibee Food, one of the world's fastest-growing Asian restaurant chains. In October 2018, Jollibee opened its 37th store in the U.S. not far from Times Square in Manhattan. Jollibee sells Filipino, Chinese, American and European dishes adapted to a quick-serve and affordable format. The food empire, which started humbly as an ice cream shop, had $2.5 billion sales in 2017 as it continues to expand from Macau to the U.K. With partner Edgar Sia II, Caktiong also owns a stake in the fast-growing DoubleDragon Properties.

 

8. Ramon Ang-  $2.8 B

 Known Brand: Eagle Cement

Ramon Ang is the president and vice chairman of one of the nation's oldest conglomerates, San Miguel. Originally a brewer, San Miguel is now a leader in food and beverages; but the bulk of its revenue comes from power and infrastructure businesses. He also owns a substantial stake in Eagle Cement, which he took public in 2016. To grow his cement business amid Philippines' infrastructure boom, his San Miguel announced it will acquire an 85.7% stake in Holcim Philippines. He started out by fixing and selling used Japanese car and truck engines; later, with Eduardo Cojuangco, now a billionaire, he sold aluminum wheels.

 

9. Ty Siblings- $2.6 B

 

 Known Brand: Metrobank

The Ty siblings, Arthur, Alfred, Alesandra, Anjanette, are children of the late banking tycoon, George Ty, who founded Metrobank in 1963. The elder Ty later formed GT Capital, now one of Philippines biggest conglomerates with interests in banking, auto, property development, power generation and insurance. The sibling's fortune is comprised of stakes held in the publicly-listed GT Capital and Metropolitan Bank & Trust. Eldest son Arthur, who is poised to be the successor, chairs Metrobank and was conferred the Asian Banker CEO Leadership Achievement Award for the Philippines in 2019.

 

10. Andrew Tan-  $2.55 B

Known Brand: McDonald, Emperador

Andrew Tan chairs Alliance Global, a holding company with interests in food and beverage, gaming and real estate. The son of a factory worker, Tan built his fortune developing large apartment complexes around Manila. Alliance Global owns the country's McDonald's franchise and listed brandy company Emperador.

 

 

 

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