(2009) Top 10 Richest Filipinos
August 30, 2009
Mirror, mirror on the wall, who’s the richest of them all?
If you’re interested to know who the wealthiest people are in the Philippines, you need not ask the magic mirror but instead refer to Forbes Magazine’s list of The Philippines’ 40 Richest released this August 2009.
Who are the richest Filipinos? Read below.
SM mall mogul Henry Sy is still the richest man in the Philippines for two consecutive years now. In the 2008 Richest Filipinos list, he topped the list followed by Lucio Tan, Jaime Zobel de Ayala, and Andrew Tan. There is no change in the Top 4 this year.
There are three new Filipinos added to the list. Robert Coyiuto Jr. (#18) is the president of Oriental Petroleum & Minerals. Imelda Marcos’ younger brother, Benjamin Romualdez (#30) has stakes in Banco de Oro and Benguet Mining Corporation. The third, Marian Rosario Fong (#40), is a former partner of Sy’s supermarkets and has a 1% stake in SM Investments.
Last year’s #39, Manuel Pangilinan of PLDT and Metro Pacific, is out of the list this year.
The complete 40 Richest Filipinos list below.
Top 10 Richest People in the Philippines – 2009
1. Henry Sy
Networth: $3.8 billion
Age: 84
Marital Status: Married, 6 children
Stock price of his SM Investments has almost doubled since December low. Group, with interests in malls, retail, property, posted 14% increase in net income in first half of 2009. Daughter Teresita Sy-Coson runs its Banco de Oro Unibank, country’s largest bank by assets, which signed deal in May to acquire GE Capital’s Philippines banking arm in exchange for strategic investment from the U.S. company; deal expected to close this month. Sy, who got start selling shoes, shares fortune with wife and children.
2. Lucio Tan
Networth: $1.7 billion
Age: 75
Marital Status: Married, 6 children
His Philippine National Bank received regulatory approval to buy 38% of China’s Allied Commercial Bank in August. Former electrical engineer’s other holdings include Fortune Tobacco, Asia Brewery, Philippine Airlines and Hong Kong properties. Government case against Tan for allegedly holding assets for the late Ferdinand Marcos has dragged on for 22 years. Some of his fortune still sequestered as part of the long-running investigation.
3. Jaime Zobel de Ayala
Networth: $1.2 billion
Age: 75
Marital Status: Married, 7 children
Chairman emeritus of family’s Ayala Corp., one of the country’s largest conglomerates, which celebrated its 175th birthday this year. Eldest son, Jaime II, replaced his dad as chairman more than a decade ago; son Ferdinando is vice-chairman. Family’s shares now in his children’s hands.
4. Andrew Tan
Networth: $850 million
Age: 57
Marital Status: Married, 4 children
His holding company, Alliance Global Group, reported jump in first-quarter earnings thanks in part to strong food, beverage businesses (he owns the Philippines’ McDonald’s franchise) and improving real estate sales. Resort World Manila, his $1.35 billion casino joint venture with Malaysia’s Star Cruises, opened last month. Son of a factory worker made his first fortune in brandy, and later in property development through Megaworld.
5. John Gokongwei
Networth: $720 million
Age: 82
Marital Status: Married, 6 children
Shares of his conglomerate JG Summit — which has interests in airlines, telecoms, power, banking and real estate — are up more than 300% since last December’s low. Also owns Robinsons retail department store operations, with stores in 7 countries. Brother James Go chairs the group and son Lance is president.
6. Tony Tan Caktiong
Networth: $710 million
Age: 59
Marital Status: Married, 3 children
His fast-food company Jollibee Foods is expanding: it already has 1,800 locations, 9 brands in 11 countries, including popular burger joint Jollibee; plans to open another 200 this year in such countries as China, Vietnam and the U.S. Completed purchase of a congee restaurant chain in China last October. Got his start 34 years ago when he opened 2 ice cream parlors.
7. Eduardo Cojuangco Jr.
Networth: $660 million
Age: 74
Marital Status: Married, 4 children
Chief executive of Southeast Asia’s largest food and beverage conglomerate, San Miguel. Company has been buying up stakes in a power company, oil refiner and bank; has shown interest in buying Dole Food’s Asian assets. In July announced it is negotiating with potential investors to sell part of branded food, alcohol operations. Son Mark is a member of the Philippines’ House of Representatives.
8. Enrique Razon
Networth: $620 million
Age: 49
Marital Status: Married, 2 children
Was part of consortium, which also included China’s State Grid and Robert Coyiuto (No. 18), that paid $3.95 billion for National Grid Corp. of the Philippines. Runs port operator International Container Terminal Services, with operations in 10 countries; it posted one-third drop in net income for first half of year due to decline in global trade.
9. Manuel Villar
Networth: $530 million
Age: 59
Marital Status: Married, 3 children
Philippines Senate president, known as Manny, is a candidate in the 2010 presidential race. He is also the largest shareholder in property firms Vista Land & Lifescapes and Polar Property Holdings. Both sons are on board of Vista Land, whose stock hit 52-week high in August. Shrimp vendor’s son grew up in slum.
10. George Ty
Networth: $515 million
Age: 76
Marital Status: Married, 5 children
His Metrobank, the country’s second-largest lender, saw profits rise in first quarter for first time in a year. Founded bank decades ago. His son Arthur replaced him as chairman 2006. Family, which includes Ty and his children, hold 40% of the bank.
Source: Forbes
Other lists of rich people:
- (2009) Top 10 Richest People in the World
- (2009) Top 10 Youngest Billionaires
- Top 40 Richest Filipinos in 2008
- Top 10 Richest People in the World 2008
October 1st, 2009 at %I:%M %p
ang yaman pala ni villar.
November 12th, 2009 at %I:%M %p
Sana naman ung mga mayayamang tao dito sa Pilipinas ay magkaroon ng pagkahabag & tumulong sa mga taong nghihirap. Ang dami ng mga taong walang bahay, wlang kinakain. Diri lng sa Davao, kami mismo lisod kaayo s pgkaon & wla pa mi sariling balay, ultimo pamasahe padulong eskwelahan lisod kaayo pangitaon! Minsan makakain, minsan wla naman. Kining ubang tao dri s Pilipinas datu na gni, mangurakot pa jud! (I’m not saying na lahat ng mayayaman & ma-impluwensang tao ay nangungurakot, thanks to those who are not!)
I agree with Mr. Billy who commented last Sept., I also wondered if they go to Heaven when they die… As it is written in Luke 18:24-25, it says “Jesus, seeing that he became very sad, said, “How hard it is for those who have riches to enter into the Kingdom of God!For it is easier for a camel to enter in through a needle’s eye, than for a rich man to enter into the Kingdom of God.”
I hope & pray that God will send someone to share to them the Good News of Salvation.
For Sir Manny Villar, kayo lang po yata dito ang siguradong tatakbo s 2010 Election, I do hope na wag sana kayong masilaw sa yaman & mga tintasyon sa larangan ng pulitika – position & administrastion s goboyerno. Isipin nyo po sana na marami masyadong mga taong naghihirap – walang pgkain, walang tirihan, walang pamasahe papuntang paaralan o wla talagang pera pamparalan, kawalan ng opurtunidad sa trabaho. Ang daming problema po! Kaya sana naman kung kayo ang papalarin na mananalo bilang pangulo, isipin nyo po sana ang kapakanan ng mga tao lalong-lalo na ang mga mahihirap na tulad ko. 20% lang po kayong mamayaman & 80% po kaming mahihirap. Sana na mn po magkaroon kayo ng habag sa amin & manilbihan po sana kayo ng may puso & pagkatakot sa Dios. I speak blessing upon you Sir Manny Villar.
To other Top 10 Rich Man, in everything you do, there will always be a consequence. I hope you do the right things not just right before the eyes of men but before the eyes of God. May the Lord touches your heart & share your blessings to the every needy Filipino people.
Thanks for reading! God bless!
December 1st, 2009 at %I:%M %p
WOW! this people are so inspiring, combination of hard work, dreams,vision and a right system, they were able to achieve this far.
at CEZ: well thanks for reminding us about the biblical side of being rich, but if you wanna know why did Jesus came up with that statement, that verse is not enough, we should read the whole book of luke instead. its just serve as a reminder that greediness to money is a tool if you dont wanna enter the kingdom of heaven. “MOney is not evIL” it is the “LOVE” of MONEY is evil. aside from that
2 Corinthians 8:9 says “For ye know the grace of our Lord Jesus Christ, that, though he was rich, yet for your sakes he became poor, that ye through his poverty might be rich.”
well i think those people in the top 10 are truly blessed with abundance and prosperity, and because of their company many people have their own job. they dont need to publicly announce their charity works. and i know that they are sharing a lot for the poor.
the thing is…most of the Filipinos has the wrong mindset, they tend to wait and wait for someone to help them , and seek for what the government can do for them, ( a very poor mindset..haiz), instead of thinking the negative situation that you are into at the present why just think and act how can you personally achieve your goals and dreams in life.
the fact that many of those in the TOP 10 wealthiest persons in PHIL. are from the mediocrity of life and even came from slums before (like Manny Villar.) there is a BIG HOPE and CHANCE that we can also change our life.
It all starts in the proper mindset, dont let other people drive your own life, instead of always asking for a financial help, think of ideas that can help you achieve your dreams. and of course PRAY for it.
If Manny Villar from the slums,Tony tan Caktiong started from 2 ice cream parlors, and a former shoe vendor Henry SY was able to achieve FINANCIAL SUCcESS, why can’t you?
lastly, dont be so PROBLEM FOCUS, Instead be a SOLUTION FOCUS person.
December 4th, 2009 at %I:%M %p
Well I guess they could give work opportunities for less fortunate people in the philippines… that’s the least thing that they could do for being rich instead of giving money to charities…
As the saying goes ” teach the man how to catch a fish but don’t give a fish” hahahaha I am not sure if its correct…
for job seekers send me your resume…..
December 23rd, 2009 at %I:%M %p
Hi Cez
It is a fallacy to generalize that rich people are BAD and poor people are GOOD and needs helping out. These tycoons have greater responsibilities than you do or anybody else in the Philippines because they feed thousands of families through employment. You should learn from their success stories and not demand from them as if they owe you something. If you have a wider perspective by now you should have realized that: Una hindi sila TAMAD. Pangalawa, they’ve found out that the world is big and there are several options to get rich through hardwork and learning every step of the process of the endeavors the get themselves into… learning from mistakes… rebooting themselves from these mistakes… Pangatlo they are all businessmen. Pangapat they have been able to generate jobs… and that’s the bottom line.
January 11th, 2010 at %I:%M %p
hey manny, pengi money!
January 11th, 2010 at %I:%M %p
hey manny, pengi money..
(si villar ang tunay na mahirap, si villar ang may tuny na ay malasakit, si villar ang may kakakayahan na gumawa ………) pls…..ill vote u, from or.mindoro
January 29th, 2010 at %I:%M %p
bka naman si villar ang binoto makita naten #1 na pinakamayaman sapinas!!hahahah ms mgnda parin iboto ung nag sabi ng “HINDI AKO MAGNANAKAW”..
February 1st, 2010 at %I:%M %p
I vote Mr.Villar for President
February 1st, 2010 at %I:%M %p
THREE OF THEM ARE CROWNY OF FERDINAND MARCOS