Last updated on March 4th, 2024 at 04:16 pm
The Philippines is home to some of the wealthiest and most influential people in the world, who have amassed their fortunes from various sectors, such as real estate, banking, retail, telecommunications, and food. According to the 2022 Forbes list, there are 10 billionaires in the Philippines, with a combined net worth of $46.05 billion.
Here are the 10 richest billionaires in the Philippines and their businesses:
The 10 Richest Billionaires
– Sy siblings: The Sy siblings are the heirs of the late Henry Sy, who was the founder and chairman of SM Investments Corporation, the largest conglomerate in the Philippines, with interests in shopping malls, banking, property, and retail. The Sy siblings, who are led by Teresita Sy-Coson and Hans Sy, have a collective net worth of $12.6 billion, making them the richest in the Philippines and the 94th richest in the world.
– Manuel Villar: Manuel Villar is the founder and chairman of Vista Land & Lifescapes, the largest homebuilder in the Philippines, which has built over 500,000 houses across the country. He is also the founder and chairman of Golden Bria Holdings, the largest death care company in the Philippines, which operates over 100 memorial parks. He has a net worth of $7.8 billion, making him the second richest in the Philippines and the 172nd richest in the world.
– Enrique Razon Jr.: Enrique Razon Jr. is the chairman and CEO of International Container Terminal Services, the largest port operator in the Philippines, which has terminals in 19 countries. He is also the chairman and president of Bloomberry Resorts, the owner and operator of Solaire Resort & Casino, the first integrated resort in Manila. He has a net worth of $5.6 billion, making him the third richest in the Philippines and the 269th richest in the world.
– Lance Gokongwei and siblings: Lance Gokongwei and his siblings are the heirs of the late John Gokongwei Jr., who was the founder and chairman emeritus of JG Summit Holdings, one of the largest conglomerates in the Philippines, with interests in food, beverages, airlines, property, banking, and power. Lance Gokongwei is the president and CEO of JG Summit Holdings, as well as the president and CEO of Cebu Pacific, the largest low-cost carrier in the Philippines. He and his siblings have a collective net worth of $3.1 billion, making them the fourth richest in the Philippines and the 589th richest in the world.
– Aboitiz family: The Aboitiz family is the owner of Aboitiz Equity Ventures, one of the largest conglomerates in the Philippines, with interests in power, banking, food, infrastructure, and land. The family, which traces its roots to a Basque immigrant who arrived in the Philippines in the late 19th century, is led by Jon Ramon Aboitiz, the chairman of Aboitiz Equity Ventures. The family has a net worth of $2.9 billion, making them the fifth richest in the Philippines and the 622nd richest in the world.
– Isidro Consunji and siblings: Isidro Consunji and his siblings are the heirs of the late David Consunji, who was the founder and chairman of DMCI Holdings, one of the largest construction and engineering companies in the Philippines, which has also diversified into mining, power, water, and property. Isidro Consunji is the chairman and president of DMCI Holdings, as well as the chairman of Semirara Mining and Power Corporation, the largest coal producer in the Philippines. He and his siblings have a net worth of $2.65 billion, making them the sixth richest in the Philippines and the 664th richest in the world.
– Tony Tan Caktiong: Tony Tan Caktiong is the founder and chairman of Jollibee Foods Corporation, the largest fast-food chain in the Philippines, which operates over 5,800 stores worldwide, including Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, and Burger King. He is also the co-chairman of DoubleDragon Properties, a property development company that focuses on retail and office spaces. He has a net worth of $2.6 billion, making him the seventh richest in the Philippines and the 678th richest in the world.
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– Jaime Zobel de Ayala: Jaime Zobel de Ayala is the chairman emeritus of Ayala Corporation, the oldest and largest conglomerate in the Philippines, with interests in banking, property, telecommunications, water, power, education, and health. He is also the chairman of Ayala Foundation, the social development arm of Ayala Corporation, which supports various initiatives in education, arts, culture, and environment. He has a net worth of $2.55 billion, making him the eighth richest in the Philippines and the 687th richest in the world.
– Lucio Tan: Lucio Tan is the founder and chairman of LT Group, a diversified conglomerate with interests in banking, tobacco, liquor, property, and airlines. He is also the chairman and CEO of Philippine Airlines, the flag carrier of the Philippines, which he acquired in 1995. He has a net worth of $2.5 billion, making him the ninth richest in the Philippines and the 707th richest in the world.
– Andrew Tan: Andrew Tan is the founder and chairman of Alliance Global Group, a diversified conglomerate with interests in property, liquor, gaming, and hospitality. He is also the chairman and CEO of Megaworld Corporation, the largest property developer in the Philippines, which specializes in mixed-use and township projects. He has a net worth of $2.4 billion, making him the tenth richest in the Philippines and the 736th richest in the world.
The Philippines is home to some of the wealthiest and most influential people in the world, who have amassed their fortunes from various sectors, such as real estate, banking, retail, telecommunications, and food. According to the 2022 Forbes list, there are 10 billionaires in the Philippines, with a combined net worth of $46.05 billion. They are the Sy siblings, Manuel Villar, Enrique Razon Jr., Lance Gokongwei and siblings, Aboitiz family, Isidro Consunji and siblings, Tony Tan Caktiong, Jaime Zobel de Ayala, Lucio Tan, and Andrew Tan. They are the leaders and innovators of the Philippine economy and society, and have contributed to the country’s growth and development.
