September 29, 2023

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Villar still the richest among Philippines’ billionaires – Forbes

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REAL ESTATE tycoon Manuel B. Villar, Jr. is still the richest Filipino on Forbes’ 2023 World’s Billionaires List, as his estimated net worth rose to $8.6 billion.  

This year’s Forbes billionaires list included only 14 Filipinos, six less than the previous list. 

Based on Forbes’ estimates as of April 4, Mr. Villar’s net worth stood at $8.6 billion, 3.6% higher from $8.3 billion a year ago.  

A former politician, he is currently the chairman of listed companies Vista Land & Lifescapes, Inc., Golden MV Holdings, Inc., AllDay Marts, Inc, AllHome Corp. and Vistamalls, Inc. 

Mr. Villar climbed 31 spots to 232nd out of 2,640 billionaires in the global list, which was topped by French luxury goods titan Bernard Arnault. 

Enrique K. Razon, Jr., chairman of port operator International Container Terminal Services, Inc. (ICTSI), ranked 312nd on the Forbes list with an estimated net worth of $7.3 billion. His wealth jumped 9% from $6.7 billion a year ago. 

Ramon S. Ang, president, chief operating officer, and vice-chairman at conglomerate San Miguel Corp. (SMC), rose 661 spots to 852nd place from 1,512th place a year ago. His estimated net worth surged 70% to $3.4 billion, from $2 billion last year. 

Henry Sy, Jr., co-vice chairman of SM Investments Corp., and Andrew L. Tan, chairman of Alliance Global Group, Inc., both ranked 1,217th on the list with a net worth of $2.5 billion each.  

Mr. Sy is the one of the six children of the late Henry Sy, Sr. who were included in the Forbes billionaires list. The founder of the SM Group was the Philippines’ richest man for 11 consecutive years before his death in 2019. 

Hans Sy and Herbert Sy ranked 1,272nd on the list, with an estimated net worth of $2.4 billion each. They dropped 76 spots from last year’s ranking, as their wealth fell 7.7%. 

Also, on 1,272nd spot is LT Group, Inc. Chairman and founder Lucio C. Tan, who doubled his net worth to $2.4 billion. 

Harley Sy and Teresita Sy-Coson shared 1,368th…


2023-04-05 06:41:55

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