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2017 Philippines Top 50 Richest

The top 50 richest people in Philippines in 2017 have a combined estimated net worth of more than $73.91 billion, in the Forbes report released in 2018.

Henry Sy, who owns SM Investments (Philippines largest conglomerate), top the list with an estimated net worth of $18 billion. John Gokongwei, Jr. who owns JG Summit (Philippines conglomerate) is 2nd on the list with $5.5 billion. Enrique Razon, Chairman and CEO of International Container Terminal Services (Philippines’ largest port operator), is 3rd on the list with $4.3 billion.

Lucio Tan, the Chairman and CEO of LT Group (Philippines’ conglomerate) and Jaime Zobel de Ayala, the Chairman emeritus of Ayala Corporation (Philippines’ oldest conglomerate), rounded up the top 5 richest people in Philippines with $4.2 billion and $3.7 billion respectively.

 

Top 5 Richest in Philippines:

Rank Name Net Worth (USD) Age Source Company
1 Henry Sy $18 B 93 diversified SM Investments
2 John Gokongwei, Jr. $5.5 B 91 food and beverage JG Summit
3 Enrique Razon, Jr. $4.3 B 58 ports International Container Terminal Services
4 Lucio Tan $4.2 B 83 diversified LT Group
5 Jaime Zobel de Ayala $3.7 B 83 diversified Ayala Corporation

 

Philippines’ Richest Fast Facts:

The Richest: Henry Sy with $18 Billion (SM Investments, Philippines largest conglomerate)

Singapore Early Development
Singapore Early Development


Top 50 Total Net Worth: $73.91 Billion

The Average Age: 71.5 Years Old

The Oldest Age: 97 Years Old ($190 Million, Bienvenido Tantoco, Sr., Rustan’s Group – the second largest retailer in the Philippines)

The Youngest Age: 41 Years Old ($820 Million, Ciliandra Fangiono, Mang Inasal – one of the largest fast food restaurant chains in the Philippines)

 

2017 Philippines Top 50 Richest:

Rank Name Net worth (USD) Age Source Company
1 Henry Sy $18 B 93 diversified SM Investments
2 John Gokongwei, Jr. $5.5 B 91 food and beverage JG Summit
3 Enrique Razon, Jr. $4.3 B 58 ports International Container Terminal Services
4 Lucio Tan $4.2 B 83 diversified LT Group
5 Jaime Zobel de Ayala $3.7 B 83 diversified Ayala Corporation
6 David Consunji $3.68 B 96 construction DMCI
7 George Ty $3.6 B 85 banking GT Capital Holdings, Metrobank
8 Tony Tan Caktiong $3.4 B 65 food Jollibee Foods Corporation
9 Andrew Tan $2.5 B 65 diversified Alliance Global
10 Ramon Ang $2.3 B 64 Diversified San Miguel Corporation, Top Frontier Investment Holdings
11 Lucio and Susan Co $1.8 B 63 retail Puregold Price Club
12 Manuel Villar $1.65 B 68 real estate Starmalls, Vista & Landscapes
13 Inigo & Mercedes Zobel $1.6 B 62 Diversified Ayala Corporation
14 Robert Coyiuto, Jr. $1.5 B 65 power Prudential Guarantee & Assuance
15 Mercedes Gotianun $1.4 B 90 real estate Filinvest Development
16 Roberto Ongpin $1.15 B 81 diversified Alphaland
17 Eduardo Cojuangco $1.1 B 83 food, drinks San Miguel Corporation
18 Dean Lao $1 B 59 food ingredients D&L Industries
19 Ricardo Po, Sr. $980 M 87 canned food Century Pacific
20 Betty Ang $880 M food and beverage Monde Nissin
21 Edgar Sia $820 M 41 fast food DoubleDragon Properties, Mang Inasal
22 Oscar Lopez $760 M 88 Media Lopez Holdings, ABS-CBN Corp.
23 Beatrice Campos $650 M Pharma United Laboratories (Unilab)
24 Carlos Chan $620 M 77 Foods Oishi
25 Alfredo Yao $600 M 74 soft drinks Zest-O Corporation, Macay Holdings
26 Frederick Dy $520 M 63 Banking Security Bank
27 Jacinto Ng $420 M 75 Diversified Republic Biscuit Corp. (REBISCO), Asia United Bank
28 Jose & Robbie Antonio $400 M real estate Century Properties, Revolution Prefabricated
29 Michael Cosiquien $385 M 44 Construction Megawide Construction
30 Jorge Araneta $380 M Real Estate Araneta Group of Companies
31 Edgar Saavedra $375 M 42 Construction Megawide Construction
32 Mariano Tan, Jr. $370 M 56 Pharmaceuticals United Laboratories (Unilab)
33 Jon & Mikel Aboitiz $350 M 62 diversified Aboitiz Equity Ventures
34 Manuel Zamora $280 M 79 mining Nickel Asia
35 Wilfred Steven Uytengsu, Jr. $240 M 56 Milk Alaska Milk
36 Vivian Que Azcona $230 M drugstores Mercury Drugs
37 Eric Recto $225 M 55 Development Berdforbury Development
38 Jose Ma Concepcion $220 M air-conditioning Concepcion Industrial
39 Bienvenido Tantoco, Sr. $190 M 97 Retailing Rustan’s Group
40 P.J. Lhuillier $180 M pawn shops Cebuana Lhuiller
41 Felipe Gozon $170 M 78 media GMA Network
42 Menardo Jimenez $165 M 85 media GMA Network
43 Walter Brown $160 M 79 Mining A Brown Company
44 Gilberto Duavit $155 M 83 Media GMA Network
45 Eusebio Tanco $150 M 68 education Tanco Group
46 Juliette Romualdez $145 M 82 Banking Banco de Oro
47 Michael Romero $135 M 45 ports Harbour Centre Port Terminal
48 Erramon Aboitiz $130 M 62 diversified Aboitiz & Company, Aboitiz Equity Ventures
49 Luis Virata $125 M 64 mining Nickel Asia
50 Philip Ang $120 M 77 mining Nickel Asia

 

*Data 23th August 2017

Source: Caproasia Institute, Forbes





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Caproasia.com is the leading source of information, data, research and resource for financial professionals in Asia who manage assets and advise clients. Collectively, they manage more than $20 Trillion assets in Asia in Private Banking, Wealth Management, Multi-Family Office, Family Office, Fund Management, Asset Management, Insurance, Private Equity and Hedge Funds.