Forbes released the World’s Billionaires List last March 18. This included 2,095 billionaires, 58 fewer than the year before. With global equity markets imploding, many fortunes have started to tank. Still, the business magazine has also found 178 newcomers from different countries. Let’s take a look at the list and see the Filipinos who continue to stay in Forbes’ World’s Billionaires List.
Here are the 15 Filipino Tycoons Included in Forbes’ “World’s Billionaires List”
286 Manuel Villar
Topping the Filipinos in Forbes’ World’s Billionaires List, former senator Manny Villar ranks in 286th with $5.7-billion net worth, as of April 10. He remains the chairman of Starmalls, one of the country’s largest mall operators, and Vista & Landscapes, the country’s largest homebuilder.
565 Enrique Razon, Jr.
With his grandfather spearheading the port business in Manila in 1916, Enrique Razon, Jr. began to be the chairperson of the International Container Terminal Services (ICTSI), the country’s leading terminal operator. Forbes ranked him at 565th, he has the net worth of $3.2-billion. Aside from the Philippines, the ICTSI also has a subsidiary in Easter Europe, Africa, and some parts of America. His hospitality firm, Bloomberry Resorts Co., features its own crown jewel, the Solaire Casino and Resort in the Philippines.
1063 Hans Sy
The fourth child of Henry Sy, the late founder of SM Investements, one of the Philippines’ largest conglomerates. Hans Sy has since stepped down as the president of subsidiary SM Prime in 2016 but still continues to be its director. Forbes ranked him at 1063rd, he has the net worth of $2.4-billion.
1063 Herbert Sy
The second youngest child of Henry Sy’s six children, Herbert Sy remains the adviser of SM Investments, and a director of SM Prime. Forbes ranked him at 1063rd, he has the net worth of $2.4-billion, as of April 10. He has also remained actively involved in the group’s supermarket operations, which includes an investment arm.
1135 Harley Sy
The youngest of Henry Sy’s six children, Harley Sy remains the executive director of SM Investments. Forbes ranked him at 1135th, he has the net worth of $2.2-billion as he serves as a director of China Banking and also as an adviser of BDO Private Bank.
1135 Henry Sy, Jr.
The eldest son of Henry Sy’s six children, Henry Sy, Jr. remains the co-vice chairman of SM Investments. He also serves as the chairman of SM Prime. Forbes ranked him at 1135th, he has the net worth of $2.2-billion. In 2017, he also set up Big Boss Cement, entering an industry that has since benefitted from President Rodrigo Duterte’s massive infrastructure push.
1135 Andrew Tan
Ranking 1135th, Andrew Tan has the net worth of $1.8-billion, as of April 10. He chairs Alliance Global, a holding company with interests in food, beverage, gaming, and real estate. He has built his fortune developing large apartment complexes around the city of Manila. Aside from that, Alliance Global also owns the country’s McDonald’s franchise and listed brandy company Emperador.
1196 Teresita Sy-Coson
The eldest child and first danger of Henry Sy, Teresita Sy-Coson ranks at 1196th with the net worth of $2.1-billion. She remains the co-chairman of SM Investments. Teresita also has an experience spanning with retail merchandising, mall development, and banking. She also serves as the chairperson of BDO Unibank, a retail bank. Aside from that, she also had a Chinese lumber tycoon husband named Louis Coson who unfortunately died of illness in 2003.
1267 Roberto Ongpin
Forbes ranked him at 1267th, Roberto Ongpin has a net worth of $1.8-billion. He chairs Alphaland, a high-end property developer. He has been building luxury villas on Balesin Island, and international airport on nearby Patnanungan Island.
1267 Lucio Tan
Forbes ranked him at 1267th, Lucio Tan has a net worth of $1.9-billion. He remains the founder and also the chairman of the $1.1-billion sales LT Group, which has interest in tobacco, spirits, banking, and property development. He has also established Asia Brewery, a subsidiary of LT Group.
1267 Tony Tan Caktiong (and family)
Forbes ranked him at 1267th, Tony Tan Caktiong has a net worth of $1.7-billion. He remains the founder and chairman of Jollibee Food, one of the world’s fastest-growing Asian restaurant chains. He has also already opened its 37th store in America, near the Times Square in Manhattan. With partner Edgar Sia II, he also owns a stake in the fast-growing DoubleDragon Properties.
1335 Elizabeth Sy
Forbes ranked him at 1335th, Elizabeth Sy remains an adviser of SM Investments since 2012. The second child and daughter of late SM founder, Henry Sy. She also remains an active in the group’s tourism, leisure, and hospitality operations and serves as chairperson and president of SM Hotels and Conventions.
1513 Ramon Ang
Forbes ranked him at 1513th, Ramon Ang has the net worth of $1.5-billion. He also remains the president and vice chairman of one of the nation’s oldest conglomerates, San Miguel. He also owns a substantial stake in Eagle Cement.
1513 Roberto Coyiuto, Jr.
Forbes ranked him at 1513th, Roberto Coyiuto, Jr. has the net worth of $1.5-billion. He remains the chairman and CEO of the private held Prudential Guarantee & Assurance. He also owns a 30% stake in the private held National Grid and a stake in Oriental Petroleum & Minerals.
1990 Eduardo Cojuangco
Forbes ranked him at 1990th, Eduardo Cojuangco has the net worth of $1.1-billion. He owns a private cement-manufacturing business and has invested in orchards, stud farms, and wineries in Australia. Aside from that, he also chairs powerful food and infrastructure conglomerate San Miguel.
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Angela Grace P. Baltan is a Communication graduate from Colegio de San Juan de Letran. She doesn’t hesitate to be opinionated in analyzing movies and television series. As a writer, she uses her articles to advocate for feminism, gender equality, and mental health among others.