The 40 Richest People in the Philippines

October 21, 2007

Stocks, Mutual Funds, Forex, Finance Philippines

Make Money Online, Stocks, Mutual Funds, Philippines

Forbes Magazine released last week its list of “The Philippines’ 40 Richest.”

The top 40 are worth a combined $17 billion, a billion dollars more than last year. For the first time in a decade, a Filipino broke into the billionaire ranks. The son of a poor immigrant factory worker, Andrew Tan restructured his holding company, Alliance Global, and as a result, his net worth jumped to $1.1 billion from $480 million last year.

Manuel Villar, the Philippine senate president, is the year’s biggest gainer. From $110 million last year, his net worth shoot up 755% to $940 million after the public offering of his company Vista Land & Lifescapes.

Seven other tycoons including Tony Tan Caktiong and Enrique Razon Jr. saw their fortunes jump by at least $100 million. Fifteen others are wealthier than last year.

A glimpse of the four (4) billionaire Filipinos:

Jaime Zobel de Ayala

1. Jaime Zobel de Ayala & family

Networth: $2 billion
Age: 73
Marital Status: Married, 7 children

Patriarch of country’s largest conglomerate, Ayala Corp. Family referred to as the Filipino royal family. Stepped down as chairman last year. Personally holds no shares; wealth now in children’s hands. Eldest son, Jaime II, Ayala’s chairman, chief executive.

Henry Sy

2. Henry Sy & family

Networth: $1.7 billion
Age: 82
Marital Status: Married, 6 children

Completed merger of his Banco de Oro with competitor Equitable PCI in May, forming nation’s second-largest bank. His SM Prime Holdings is nation’s largest shopping mall developer. Shares fortune, which includes stakes in a dozen companies, with his children.

Lucio Tan

3. Lucio Tan & family

Networth: $1.6 billion
Age: 73
Marital Status: Married, 6 children

Former chemical engineer from China mopped floors to pay for school. With family, owns Fortune Tobacco, nation’s largest cigarette maker; Philippines Airlines, which just emerged from 9 years in receivership. Being sued on claims that much of his wealth belongs to late president Ferdinand Marcos’ estate.

Andrew Tan

4. Andrew Tan

Networth: $1.1 billion
Age: 55
Marital Status: Married, 4 children

Big boost to fortune from restructuring holding company Alliance Global; shares of his property company, Megaworld, also higher. Likes to eat breakfast at McDonald’s (his group owns stake in country’s franchise) and sip his Emperador brandy, world’s largest seller by volume. Son of factory worker walked to college campus — couldn’t afford bus fare.

Manuel Villar, George Ty, Andrew Gotianun, Enrique Razon, Tony Tan Caktiong, and Oscar Lopez complete the rest of the 10 Richest Filipinos.

Manny Villar

5. Manuel Villar

Networth: $940 million
Age: 57
Marital Status: Married, 3 children

Philippine senate president (and possible 2010 presidential candidate) also largest shareholder in real estate firm Vista Land. Shrimp vendor’s son grew up in slum, got start in construction.

Andrew Tan

6. George Ty

Networth: $870 million
Age: 74
Marital Status: Married, 5 children

Metrobank founder passed on chairmanship to eldest son, Arthur, last year. Family’s Toyota Motor Philippines supplies nearly half country’s new cars and trucks. Teaming up with John Gokongwei (15) to develop luxury condos in Metro Manila’s Mandaluyong City.

Andrew Gotianun

7. Andrew Gotianun

Networth: $860 million
Age: 79
Marital Status: Married, 2 children

Started out salvaging ships after World War II. Branched into car financing with help of wife, Mercedes. Main companies are public real estate firms, Filinvest Development, Filinvest Land; also privately held East West Bank. Going into biofuels; bought 2 sugar mills and a plantation in June in a deal worth $215 million. Children Jonathan and Josephine run daily operations; Gotianun chairman emeritus.

Enrique Razon Jr.

8. Enrique Razon

Networth: $820 million
Age: 47
Marital Status: Married, 2 children

Chairs International Container Terminal Services, which buys, develops, manages container ports and terminals worldwide. Has operations in 9 countries including the Philippines, China, Ecuador. Enjoys golf, helped save Philippine Open this year from near cancelation.

Tony Tan Caktiong

9. Tony Tan Caktiong & family

Networth: $790 million
Age: 57
Marital Status: Married, 3 children

Fast-food king heads Jollibee, now with more than 1,500 locations and 7 brands. Bought out partner in Shanghai fast-food chain Yonghe King, acquired Chinese restaurant chain Hongzhuangyuan for $50 million in September, opened store in Las Vegas.

Oscar Lopez

10. Oscar Lopez & family

Networth: $775 million
Age: 77
Marital Status: Married, 8 children

Scion of one of Philippines’ best-known family businesses. Harvard grad heads its Lopez Inc., which has controlling stake in media group ABS-CBN Broadcasting, run by his nephew. Family who shares fortune also has interests in construction, power generation.

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Written by James | PinoyMoneyTalk.com · Filed Under Richest People

Join the discussion! Post a comment below

Dale

Goodness, a lot of you are trying so hard to convey your thoughts in english, most of you don’t even make sense. Tagalog ka na Lang. Afterall, it is about the richest Filipinos right?
http://none holly

eh paano na ang mga marcoses di ba napakayaman nila non pa ?
http://facebook ryuzaki

grabi..madami pla myaman sa pilipinas..pero bkit mas mrmi prin mahirap.
base on my opinion..khit cnung presidente ang umupo sa bansa..and they keep promising na uunlad tayo..wala parin eh..ako na isang aba..maaring wlang krapatang humusga,pero sa nkikita at patuloy na nararamdaman ko n marami ang mga katulad kong pinoy ang nsasadlak sa khirapan..sana nman maging isang pitik to sa inyo..

gusto ko lng po sna ipaalam ang naisip ko..ung mga pulubi sa daan..sa ibang bnsa wala halos nyan..
sa pinas ay nagkalat,,kung maisip sna ng mga taong my kakayahan ang buhay,,e2 ay opinyon k lang po.
bkit kya hndi “KAYONG MAYAYAMAN” ay magpatayo ng isang charity hauz at ipunin ang lhat ng pulubi..basta i-susurvey tlaga n pulubi..at turuan ito ng trabaho..example ung paggawa ng handicrafs..at pagka my kakayahan na clang tumayo sa sarili nlang paa,,ay saka cla cngilin..un lng po ay aking opinyon lmang..salamat po..

advance merry Christmas..more Blessings to come..God Bless
- miz3s
  
  napakadami kcng tamad na pilipino kya ganun
- crimen
  
  taena kzi ang tatamad nila di tulad ni henry sy na magsasapatos lng dati but now his so billioner ahahha
- Ronyen
  
  gusto mong yumaman…? no not despise them… instead LEARN from them… and be inspired by them… think positive… we cannot HELP the poor by becoming 1 of them….
- Gulfanjames
  
  based on my opinion we cannot compare philippines to other countries .. i believe that we have diff. traits,culture,tradition, and mmost esp. our way of living.. i guess the main problem of us filipinos is our values … we must change it from ourselves to encourage others to do so as well as desiplining ourselves…. in this. it w0uld be easier for our government to manupulate its laws if we are deciplined enough??? isnt it?
  i do believe that being p0or is not the main problem here. its just that we need to strve hard to live. because many of those p00r people are those who are lazy enough to go to school or lazy in finding a way of living……
  for me the change must start fr0m ourselves so that we can encourage others to do so. .as well as our government officilas to act good .. and dare to be different…. .. in this we can gradually help our country fr0m p0verty and other pr0blems that we are facing today …..
http://yahoo.com Makintosh

Bakit richest lang ang meron ganyan.. Wala bang poorest?
poor_me!

paki share naman yan man nyo para naman makalasap kaming mahihirap ng ginhawang natatamasa ninyo ngyon…
- Tennessee Torero
  
  yayaman din kami tulad nila!!!!!
  
  simple and ten
- Fel_me
  
  sana nga..
- My_lene
  
  sana talaga..kng yayaman man kau mag share hapt….
- Fel_me
  
  tlaga pwo sa mga poor lng..ang reach mo kya..
Delrosario_joed

many nag vote ako sayo bigay ka dadats sanakin,please!grabe ikaw wala sanakin dadats…aw!!
Dyosa

sana mag share cla sa atin
- Fel_me
  
  tamaah.
Pdmc Mksb12

hello. kung sino man makakabas neto. i really need some help. sobrang nadepress ako sa sarili ko. diko alam gagawin ko para masolusyonan tong problema nato. i always pray to GOD na sana may taong makatulong man sakin. i have a boyfriend. pero higit pa sa boyfriend turing ko sakanya. 1year and 3months na kami. long distance relationship kami pero gumagawa ako ng way para makapagkita kami. pumunta rin siya sa place ko for 4months at para magtrabaho. tanggap siya sa interview, pero laging bagsak sa health dahil ang masakit dun may sakit siya sa puso. andyan ako pati mama nya para lageng sumusuporta sakanya, dahil parang nawawalan siya ng pagasa sa sarili niya. i cant help it, everyday nalang ako umiiyak dahil gusto ko talaga na mapagamot ko siya. gusto kong tulungan sila ng mama niya dahil mahirap nalang pamumuhay nila. iniwan na sila ng tatay nila, kaya silang dalawa nalang magkasama. naawa ako. pinapasaya ko siya at inaalagaan ko lalo nat magkasami kami kahit sa onting panahon lang. tumawag yung phil health center sa boyfriend ko, kinausap yung mama niya, ang sabi meron na daw donation para sa puso nya, pero ang mahirap dun wala sila ipambabayad. sobrang naiyak at naiiinis ako sa sarili ko dahil wala ako magawa! :’( gusto ko magtrabaho kahit gaano pa kahirap yun. para lang mapagamot ko siya. sabi nya sakin ‘hindi nya mapapangako na tatagal siya pero masaya siya na ako minahal nya’ OH GOD. i really cried so much. diko kaya, lumhod ako sa harap ng simbahan para humingi ng tullong kay GOD. PLEASE KUNG SINO MAN YUNG MAY MABUTING PUSO NA TUMULONG SAMIN. NAGMAMAKAAWA AKO. :’( you can contact me kung sino makakatulong po saakin. :’( 09198673522. please.
al;vin

kpag namatay ang isang tao di nia madadala kayamanan nila.,
Cherrie_alphecca

atik ra na uy!