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Top 10 Richest Filipinos – 2010




The 2010 list of Richest People in the Philippines is once again dominated by old-timers but they are much wealthier now compared to last year.

For three consecutive years now, Henry Sy of SM Malls remains to be the country’s richest and also the year’s biggest gainer, with his net worth up 28% to $5 billion. JG Summit’s John Gokongwei (#3) is the newest billionaire with a $1.5 billion net worth, joining the ranks of Sy, Philippine Airlines’ Lucio Tan (#2), Ayala Group’s Jaime Zobel de Ayala (#4), and Megaworld’s Andrew Tan (#5).

First time to join the Top 10 is Unilab’s Beatrice Campos (#8), also the richest woman in the Philippines. Out of the Top 10 is Manny Villar (#17), down from #9 last year, whose net worth fell following his loss in the Philippine Presidential race.

According to Forbes Magazine’s list of The Philippines’ 40 Richest, the country’s richest are collectively worth $22.8 billion this year, up 39% in 2009.

Top 10 Richest People in the Philippines – 2010

1. Henry Sy

2009 Rank: #1 (unchanged)
Networth: $5.0 billion
Age: 85
Marital Status: Married, 6 children

Starting with small shoe store in Manila, he built SM Prime into country’s largest mall developer. Run by son Hans, it’s expanding in China, where it will open a fourth mall later this year. Stock of his SM Investment, family’s biggest asset, up more than 25% in past year. Scrapped plans for a Las Vegas-style casino complex in Manila Bay, which was scheduled to open this year. Son Henry Sy Jr. recently bought Enrique Razon Jr.’s (No. 7) stake in power transmission company National Grid Corp. and became its president and CEO in June. Banco De Oro Unibank, country’s largest bank, is run by daughter Teresita Sy-Coson.

2. Lucio Tan

2009 Rank: #2 (unchanged)
Networth: $2.1 billion
Age: 76
Marital Status: Married, 6 children

Owns nation’s largest cigarette maker, Fortune Tobacco, second-largest beermaker, Asia Brewery, and stake in Philippine Airlines. Biggest chunk of fortune comes from Hong Kong-based Eton Properties, which is selling land in one of its township developments to Henry Sy’s SM Prime. Much of former electrical engineer’s wealth still sequestered by the presidential commission on good government, while cases make their way through country’s court system.

3. John Gokongwei

2009 Rank: #5 (+2)
Networth: $1.5 billion
Age: 83
Marital Status: Married, 6 children

His JG Summit Holdings outperformed market, making him a billionaire for the first time. Shares hit 2-year peak earlier this year partly on plans to list group’s budget carrier, Cebu Pacific, whose IPO subsequently got delayed. Brother James Go chairs JG Summit, son Lance is president. Group’s retail unit, Robinsons, has stores in 7 countries.

4. Jaime Zobel de Ayala

2009 Rank: #3 (-1)
Networth: $1.4 billion
Age: 76
Marital Status: Married, 7 children

His Ayala Corp., Philippines’ largest conglomerate by market capitalization, plans to invest $1.6 billion in various projects, including power generation. Interests include real estate, hotels, financial services, telecom, utilities. While he is chairman emeritus, family stake held by his 7 children. Jaime II, eldest, is chairman, son Fernando vice chairman and president.

5. Andrew Tan

2009 Rank: #4 (-1)
Networth: $1.2 billion
Age: 58
Marital Status: Married, 4 children

Son of factory worker put himself through college, worked in appliance store. Later made his first fortune in brandy. Holding company Alliance Global Group’s businesses include food and beverage, real estate, gaming. Shares up 25% from last year. Co-owns casino Resort World Manila with Genting Hong Kong.

6. Tony Tan Caktiong

2009 Rank: #6 (unchanged)
Networth: $980 million
Age: 60
Marital Status: Married, 3 children

Founded Jollibee Foods in 1975, with an ice cream parlor. Now country’s largest fast-food company, with 700 American-style Jollibee burger outlets and numerous other brands in Asia, Middle East and the U.S. Opened its first Chowking, a Chinese food outlet, in Qatar in November; plans to expand that brand in the Middle East this year.

7. Enrique Razon Jr.

2009 Rank: #8 (+1)
Networth: $975 million
Age: 50
Marital Status: Married, 2 children

Port operator recently sold his stake in power unit National Grid to Henry Sy Jr. Profits from sale boosted his fortune. Shares in his International Container Terminal Services, which he runs, have nearly doubled since last year on uptick in global trade. Avid golfer.

8. Beatrice Campos

2009 Rank: #13 (+5)
Networth: $840 million
Age: NA
Marital Status: Widowed, 5 children

Late husband Jose Campos cofounded drug firm Unilab, which accounts for biggest portion of family’s wealth. Also has controlling stake in Singapore-listed Del Monte Pacific, run by son Joselito, who recently invested in San Miguel Corp. with Roberto Ongpin (No. 21) and Inigo Zobel (No. 11).

9. George Ty

2009 Rank: #10 (+1)
Networth: $805 million
Age: 77
Marital Status: Married, 5 children

Founded Metrobank, country’s second-largest lender, in his 20s. Profits at the bank, which son Arthur now chairs, were up nearly a third in first quarter. Holds almost 40% of the bank with his children. Metrobank Foundation, which he created nearly 30 years ago, supports health care, art and education projects.

10. Eduardo Cojuangco Jr.

2009 Rank: #7 (-3)
Networth: $760 million
Age: 75
Marital Status: Married, 4 children

Recently sold an option to buy out his stake in San Miguel Corp., one of Asia’s largest food and beverage companies, to Top Frontier, an investor group led by Roberto Ongpin (No. 21). Surprise move sparked rumors of his ill health, but he remains chief executive.

Source: Forbes

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50 thoughts on “Top 10 Richest Filipinos – 2010”

  1. Wow says:

    Ano ba yan!
    Most of the richest Filipinos aren’t Filipinos at all!
    This is a big fail… a big LOL.

    1. 2rjk says:

      isa akong tunay na pilipino,bisaya ako..pinakamayaman din ako…

      sa utang….

  2. Miguel says:

    Why not? Filipinos of Chinese descent are Filipinos.

  3. Tim | Every Peso Counts says:

    I noticed that the top 4 had 5 children and above. Baka kelangan meron ka ding at least 5 children and above para yumaman? Just kidding.:)

    Henry Sy and family has really expanded on their real estate business. Naalala ko minsan nasa train ko biglang may nag-speech about Lucio Tan. “Owns nation’s largest cigarette maker, Fortune Tobacco, second-largest beermaker, Asia Brewery, and stake in Philippine Airlines.” pero sabi ni nag-speech sya daw mismo hindi naninigarilyo? Mabait na tao din daw… Toto kaya?
    .-= Tim | Every Peso Counts´s latest blog ..How To Overcome Impulse Buying =-.

  4. Alfie says:

    Napansin ko rin most of them have 5 children or more. Sabagay maganda rin maraming kids.

  5. Real time forex quotes says:

    This is my first time i visit here. I found so many entertaining stuff in your blog, especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! Keep up the good work.

  6. Jay Castillo says:

    Thank you James for including the info about Metrobank Foundation, which George Ty created nearly 30 years ago and supports health care, art and education projects. It’s always nice to see people giving back. :-)
    .-= Jay Castillo´s latest blog ..UnionBank’s 156th public auction of foreclosed properties slated on July 24- 2010 =-.

  7. Tim | Every Peso Counts says:

    George Ty “Founded Metrobank, country’s second-largest lender, in his 20s”. I want to have my own “stable” business before I reach 30 too!
    .-= Tim | Every Peso Counts´s latest blog ..How To Overcome Impulse Buying =-.

  8. Tim | Every Peso Counts says:

    Guys, does anyone here have more information why Henry Sy’s project for a casino was scrapped?

  9. KINGVINCE says:

    kelan kaya ako makakasam diyan sa listahan na yan…

  10. Millionaire Acts says:

    Congratulations for these Filipinos most especially to John Gokongwei who was able to reach the third place. We have 5 dollar billionaires now. Before, it used to be Henry Sy, Lucio Tan, and the Ayalas. I am also looking forward to Tony Tan Caktiong to reach the billion dollar mark since his Jollibee business is one of my most favorite businesses. I wish I could have a franchise of it in the future. :)
    .-= Millionaire Acts´s latest blog ..How to Choose Among Mutual Funds =-.

  11. Design Outsoucing says:

    Wow! Congrats! Didn’t know that there are so many millionaires and some billionaires in the Philippines.

  12. Jonha @ Happiness says:

    I’m sure Manny Villar will climb up again. He always stands up after every fall.
    .-= Jonha @ Happiness´s latest blog ..My Blogger Story =-.

    1. lars ulrich says:

      MABILIS SANA MAKABAWI KUNG NANALO PA SIYA NOON…lols

  13. shovie says:

    Manny Villar plays a vital role among filipinos,
    his one of the most influential people that brought
    charity and service.Great!

    Shoviebby

    ——————————————
    Virtual-Tours.com
    Interactive Virtual Tour Specialist

  14. Ret says:

    We still only have 5 billionaires in the country. But at least it increase than last year. If our peso currency will be stronger, there have been more billionaires than now.
    .-= Ret´s latest blog ..The Secret to a Successful Business =-.

  15. jun says:

    But these big guys are not pure filipinos!!! They are NATURALIZED Chinese, Spanish Phillies!!

    1. IRIS_WOWIE says:

      NATURALIZED OR FERTILIZED?????

  16. jhon michael says:

    wow ang lupit nila!!!!!!!!!

  17. CEBUANO AKO says:

    THREE OF THEM ARE CEBUANOS.HENRY GAISANO SY,LUCIO TAN AND JOHN GOKONGWEI.

    1. No_va says:

      iliganon naman ako…

  18. jeffrey linsangan says:

    balang araw kasing yaman ko din cila,,,,

    1. Char_lene says:

      mangarap ka ng gising…nakatulala sa hangin..naghihintay ng pagkain…

    2. Gloria Macapagal Aroyo says:

      yaman ng alin? kanina lng nakita kita sinisigawan mo mga tao mo yun pala mga pasahero silang lahat barker ka pala hayuf ka!!!! 

    3. Gloria Macapagal Aroyo says:

      yaman ng alin? kanina lng nakita kita sinisigawan mo mga tao mo yun pala mga pasahero silang lahat barker ka pala hayuf ka!!!! 

    4. Hjhg says:

      hay nako

  19. Jepoy_cute16 says:

    balang arw dn ako nman

    1. No_va says:

      sure uiept,,,

  20. Iniako56 says:

    tanga!.. ntuwa pa kyo n yumaman ang mga chinese s ating bansa…haha c villar lng ata pinoy jan dba? 5-10yrs frm nw puro n tuta ng chinese ang pinoy…hay kawawa nmn alipin n nga pinoy s ibang byan lalo n s sriling bayan..pano kc kontento n s barya2 lng..inaangkin nyo png pinoy cla n cnusuka nga nla ang pinoy..imulat nmn nyo mga mata nyo wag kyo mgpangap n chinese mga mlaki mata ntin dpat kta nyong ktu2hanan

  21. EdIil_deguzman says:

    the reason i searched for this rankings is that if each 1 of them can contribute atleast 2 fighter jets and/or naval vessel to our AFP, we will have a fighting chance against these CHINA! if it comes to war!

    1. Henry sy says:

      gago ka pala eh….puro chekwa kaya yung mga hinihingian mo ng tulong…mag dildil ka nlng ng asin hunghang! basta ako kapit sa mga chekwa!!!! go for gold china!

  22. Krizza14_ says:

    anak ako ni henry manahimik kayo

    1. Kent says:

      anak din ako ni henry,ate magkapatid tyo matagal na kita hinahanap sa ka ba now? may pinapatayo kami new branch ng sm ni papa hen..sa basilan big sale everyday pasyal ka minsan…shoppers dun mga abusayaf….

    2. Qaz says:

      ako rin anak akpo ni henry . nasa cebu ako hirap na hirap. ako nawawala nyo kapatid. punta kayo dito.  

    3. Ganish_shapil_21 says:

      ako daddy c belgates hinahanap ko nga sya ngayon binuntisan lang nya ang mami ko….

  23. Qaz says:

    bakit marami mahirap pilipinas? kasi gobyerno ayaaw tulungan i finance mga mahihirap! ayaw imulat pilipino sa edukasyon ng FINANCE!! the name of the game is FINANCE!!

    1. Anonymous says:

      ang pinoy kulang ang kaalaman sa negosyo. tanggapin na natin,kailangan nating matuto sa chinese.

  24. ProudPinay says:

    LOL….BAKIT PUROS SILA INTSIK?!!

  25. Striker says:

    gusto nyong yumaman gaya nla??? e di mgpursige kayo… yaan nyo nlang cla.. kapalaran nla yan.. kung kaya nila, e di mangutang kayo sa kanila… bayaran nyo nlang… tapos!!!!

  26. Dhean says:

    Sa totoo lang madiskarte sila at negosyante at di empleyado nagsikap lang talaga sila.. para makuha nila yung mga pangarap nila sa buhay…

     

  27. Dhean says:

    kaya din natin yan :)) 

    proud to be filipino

  28. tungtungkanan says:

    bat wla c manny v pangilinan?

  29. aldabok says:

    sino kaya may ari ng puregold supermarket chain? malapit na mapasama sa top 10 yun….hindi nagbabayad ng minimum wage at OT  sa mga empleado eh.hehe

    1. harhar says:

      tama ka aldabok.yung list na yan 2010 pa.may nakita ko bago list 2012 kasama na yung mag asawang Lucio Co at Susan Co na may ari ng Puregold..talaga nga naman..kaya mas bilib ako kay Henry Sy sya nasa top lagi pro yung SM at affiliates nagbabayad ng legal wage at OT sa mga empleado kahit contractuals….nakakahiya yan mga Co na yan.yumayaman sa pang gagancho ng mga malilit na tao

  30. Herbert_saturno says:

    di lng materyal na bagay ang kayamanan,,,

  31. daren says:

    nasa diskarte lng yan, madaming paraan pra yumaman,ayaw nyo lng buksan ang isip nyo…

  32. mywealth says:

    Bakit ba isyu sa atin kung ano ang lahi nila? Ang dapat nating aralin ay kung bakit sila yumaman ng ganyan… and its all in the mind. Sa mga nagcomments pa lang dito malalaman mo kung sino yong mananatiling mahirap at kung sino ang yayaman balang araw.

  33. Allan says:

    Alipin tayo noon ng mga banyaga tulan ng Espanya, Hapon at Amerika. Eh ngayon?????? Malapit na tayong alipinin ng mga Intsik!!!!!! humanda tayo dahil ang namumuno sa bansa natin ngayon ay ang karamihan, INTSIK!!!!

  34. lars ulrich says:

    wala na original….uso n ngayon made in china kahit saan ka magpunta!

  35. Kendall April says:

    that is what i had been thinking 9th of nov was not outside of this earth

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