Businessman, property tycoon, and former senator Manuel “Manny” Villar has made it to the top of Forbes list of Philippine billionaires.
Villar has been steadily climbing the list, coming in at the 12th spot in 2017 with a net worth of $1.5 before skyrocketing to the No. 2 spot last 2018, with a $3 billion net worth that placed him just behind the recently deceased Henry Sy.
The top 1 percent
Sy, the man behind SM the largest chain of malls in
Now, with a net worth of $5.5 billion or P287,366,750,000, the “brown taipan” (as what Villar is also called) has topped the list of Filipino billionaires. On the Forbes list of global billionaires, he comes in as the 317th.
Runners-up in the list
Owning the third spot this year and coming in as 379th in the global list is gaming tycoon, owner of Solaire Casino and Resort,
Lucio Tan, who is known in the field of banking, property, spirits, and tobacco development, took the fourth spot and 436th in the world with a net worth of $4.8 billion.
Jollibee’s Tony Tan Caktiong and his family are now on the fifth spot, a notch up from being on the sixth spot last 2018. With an
Ramon Ang, owner and President of San Miguel Brewery and Eagle Cement, owns the sixth spot in the country and 775th worldwide with a net worth of $2.9 billion.
Meanwhile, the seventh spot locally and 838th worldwide belongs to Megaworld Founder and McDonald’s Philippines head Andrew Tan with a total net worth of $2.7 billion.
The name “Sy” has not dropped out of the list completely, though, as the children of Henry Sy are still on the list.
Hans, who is the fourth child of Sy Sr., leads his siblings, bagging the eight spot on the 2019 list. With both having a total net worth of $2.4 billion, Hans is tied with his brother, Herbert Sy, at the 962nd spot worldwide.
The last sibling, Elizabeth Sy, took the 10th spot with a net worth of $1.9 billion.
Eduardo “Danding” Cojuangco and Robert Coyiuto Jr. are tied at the 11th spot with
The 12th place belongs to Ricardo Po Sr. and
Gaming, leisure, and properties tycoon Roberto Ongpin bags the the 13th spot with $1.1 billion.
A directory of billionaires
A total of 17 Filipinos made it to Forbes’ 2019 list of the World’s Billionaires, published in March 2019. Here they are:
Manuel Manny Villar
John Gokongwei Jr.
Enrique Razon Jr.
Tony Tan Caktiong & family
Henry Sy Jr.
Roberto Coyiuto Jr.
Ricardo Po Sr. & family
The 17 Filipino billionaires’ combined net worth amount to a total of $47.7 billion, $7.5 billion lower than last year’s figure of $55.2 billion with only 12 billionaires.
Forbes’s 33rd annual ranking included a total of 2,153 billionaires from around the globe.
Regionally, Asia-Pacific has the most billionaires at 767, with a total net worth of $2.5 trillion. Notably, China has the highest number of newcomers this year at 44 as well as the most drop-offs at 102.
Still owning the first three spots globally are: Amazon founder Jeff Bezos and his family, Microsoft head Bill Gates and famous investor Warren