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Who says that the Philippines is a poor country and is suffering from economic issues?
In the latest list published by Forbes Magazine, it lists the 40 Richest Filipinos in the country today, with most of them becoming wealthier compared to last year.
Still topping the list is SM tycoon Henry Sy with a networth of $9.1 billion, up $1.9 billion from last year.
Second to him is another Filipino-Chinese in Lucio Tan with a networth of $4.5 billion, up $1.7 billion from last year. Tan recently won a case against the government who filed for forfeiture of his businesses that are allegedly part of the ill-gotten wealth of Marcos.
On the third spot is ports operator and newcomer to the hotel and gaming business, Enrique Razon Jr. with a networth of $3.6 billion, up $2 billion from last year.
In the 40th spot is Edgar Sia II of Mang Inasal with a networth of $140 million. Last year, Sia sold his Mang Inasal business to Jolibee Foods Corporation of Tony Tan Caktiong for P1 billion.
Below is the complete list of the top 40 richest in the Philippines for 2012:
1) Henry Sy – $9.1 billion (SM Prime)
2) Lucio Tan – $4.5 billion (Phillip Morris Fortune Tobacco)
3) Enrique Razon Jr. – $3.6 billion (International Container Terminal Services)
4) John Gokongwei Jr. – $3.2 billion (JG Summit)
5) David Consunji – $2.7 billion (DMCI)
6) Andrew Tan – $2.3 billion (Alliance Global)
7) Jaime Zobel de Ayala – $2.2 billion (Ayala Corp.)
8) George Ty – $1.7 billion (Metropolitan Bank)
9) Roberto Ongpin – $1.5 billion (Atok-Big Wedge)
10) Eduardo Cojuangco Jr. – $1.4 billion (San Miguel)
11) Roberto Coyiuto Jr. – $1.3 billion (National Grid)
12) Tony Tan Caktiong – $1.25 billion (Jollibee Foods)
13) Lucio and Susan Co – $1.2 billion (Puregold Price Club)
14) Inigo and Mercedes Zobel – $1.15 billion (Ayala Corp.)
15) Emilio Yap – $1.1 billion (Philtrust Bank)
16) Jon Ramon Aboitiz – $955 million (Aboitiz Equity Ventures)
17) Andrew Gotianun – $825 million (Filinvest Development)
18) Manuel Villar – $720 million (Vista Land and Lifescapes)
19) Beatrice Campos – $700 million (Unilab)
20) Vivian Que Azcona – $690 million (Mercury Drug)
21) Alfonso Yuchengco – $570 million (Rizal Commercial Bank)
22) Mariano Tan Jr. – $420 million (Unilab)
23) Enrique Aboitiz – $400 million (Aboitiz & Co.)
24) Eric Recto – $365 million (Alphaland)
25) Jose Antonio – $300 million (Century Properties Group)
26) Gilberto Duavit – $270 million (GMA Network)
27) Menardo Jimenez – $265 million (GMA Network)
28) Frederick Dy – $260 million (Security Bank)
29) Manuel Zamora Jr. – $255 million (Nickel Asia)
30) Alfredo Ramos – $$250 million (Atlas Consolidated Mining and Development)
31) Oscar Lopez – $245 million (ABS-CBN)
32) Felipe Gozon – $240 million (GMA Network)
33) Betty Ang – $235 million (Monde Nissin)
34) Wilfred Uytengsu Jr. – $230 million (Alaska Milk)
35) Juliette Romualdez – $200 million (Banco de Oro)
36) Bienvenido Tantoco Sr. – $195 million (Rustan Commercial)
37) Jacinto Ng Sr. – $190 million (Rebisco)
38) Tomas Alcantara – $160 million (Alsons Consolidated Resources)
39) Michael Cosiquien – $150 million (Megawide Construction)
40) Edgar Sia II – $140 million (Mang Inasal)
Photo credit: affordablecebu.com
