henry sy ph's richest 6 years in a row

8/12/2019 Henry Sy PH's Richest 6 Years in a Row

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8/4/13 Henry Sy PH's richest 6 years in a row

www.rappler.com/business/214-who-s-who/35342-henry-sy-richest-filipino-6-yrs-in-row-forbes

BUSINESS

Henry Sy PH's richest 6 years in arow

BYRAPPLER.COM

POSTED ON 08/01/2013 9:23 AM | UPDATED 08/02/2013 4:16 PM

MANILA, Philippines The collective wealth of the 50 richest people in the Philippines reached US$65.8billion in 2013, more than a quarter of the country's total gross domestic product, according to Forbes

magazine's latest rich list.

Mall magnate Henry Sy Sr. held the top spot for the 6th straight year. Following him was tobacco tycoon

Lucio Tan, who also retained his place.

Nine new names, including prominent businessman Ramon Ang, made it to the expanded list. In 2012,

there were only 40 people in the list.
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www.rappler.com/business/214-who-s-who/35342-henry-sy-richest-filipino-6-yrs-in-row-forbes 2

Forbes said the Philippines now has 17 billionaires, thanks largely to the "buoyant stock market," which

pushed companies' share prices higher. Two Filipino billionaires made it to the magazine's world's

richest list businessman-turned-politician Manuel Villar and the Cebu-based Aboitiz family.

Forbes compiles its lists based on information from individuals, stock exchanges, public documents and

analysts.

See how the country's richest grew or lost some of their wealth (in million US dollars), and how theyfared since 2006:

Forbes estimated Sy's wealth at $12 billion. The country's stellar economic performance highlighted

by a 7.8% growth in first quarter helped Sy grow his wealth by $2.9 billion. The business group that

the 88-year-old heads operates the country's biggest shopping mall network (SM), the most valuable

real estate firm (SM Prime Holdings), and the biggest bank by assets (BDO Unibank).

Like Sy, Tan held his spot for the 6th consecutive year. The 79-year-old tobacco king was richer by $3


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billion, making him this year's biggest gainer. Tan consolidated his assets into LT Group, including beer

makerAsia Breweryand his stake in tobacco manufacturer Philip Morris Fortune Tobacco, which

controls 80% of the market. Tan's family is looking to sell their remaining stake in legacy carrier

Philippine Airlines, after selling part of it to the San Miguel group in 2012.

Tan doubled his fortune, climbing 3 spots and grabbing the 3rd place from global port operator Enrique

Razon. Tan, 60, is behind Alliance Global, which owns property giant Megaworld and the local franchise

of fast food McDonald's. Alliance Global is also among 4 groups that will build and operate casino

resorts in Pagcor's Entertainment City in Manila.

53-year-old Razon dropped one place, although his wealth grew 25% to $4.5 billion. Razon's port

business International Container Terminal Services saw a rise in shipments, while his gaming arm

Bloomberry Resorts reversed its loss this year. Bloomberry was the first to open a casino resort in the

Entertainment City.
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Gokongwei, 85, fell one place to become 5th richest in the Philippines. The Gokongwei family controls

conglomerate JG Summit, which owns budget carrier Cebu Pacific. Cebu Pacific caused the Davao

airport to close for 2 days in June after one of its planes overshot the runway. The Gokongweis wanted

to partner with Japanese gaming tycoon Kazuo Okada for a casino project in the Entertainment City, buttalks fell through in May.

Moving up one place, Zobel saw shares of his holding company Ayala Corp. surge by a third owing to

strong banking (BPI) and real estate (Ayala Land) revenues. Ayala also has interests in

telecommunications (Globe Telecom) and water distribution (Manila Water). The conglomerate is joininghands with the group of Manuel Pangilinan for rail projects government plans to bid out. Zobel was the

country's richest man in 2007.


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The family controls Aboitiz Equity Ventures, whose core businesses include power (Aboitiz Power),

banking (Union Bank), and food (Pilmico Foods). The family's fortune was earlier split and listed

separately under patriarch Enrique and his nephew Jon Ramon.

Consunji is behind DMCI Holdings, a construction giant that now gets most of its income from power

generation, water and real estate. Consunji fell 3 places as his wealth remained unchanged at $2.7

billion.


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Ty added $900 million to his net worth, but fell one notch in the list. He is the man behind GT Capital,

which controls Metrobank, one of the country's largest universal banks. GT Capital also has interests in

other industries like power, infrastructure and real estate. The company is also engaged in car

production through its stake in Toyota Motor Philippines.

This husband-and-wife team made it to the top 10 thanks to booming sales of their hypermarket chain

Puregold. Puregold is the second largest retail chain in the country, next to Sy family's SM.


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Caktiong, 60, moved to 11th richest from 12th in 2012. His wealth comes from his popular fast food

business Jollibee, which has the largest chain in the country. Jollibee also owns the Burger King

franchise.

Caktiong switched places with 60-year-old Robert Coyiuto Jr., who ranked 12th versus 11th in 2012.

Coyiuto gets bulk of his wealth from his stake in National Grid, which operates the country's

transmission network. He also owns a luxury car dealership.


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Yap, chairman of newspaper Manila Bulletin, jumped 2 places to no. 13. The 87-year-old media tycoon

earns mostly from his stake in Philtrust Bank.

Ongpin, 76, fell 5 places to no. 14 when shares of his mining firm Atok Big Wedge plunged following a

court order freezing his bank accounts in December 2012. Ongpin and former officials of state-run

Development Bank of the Philippines were accused of forging an anomalous loan deal. The freeze

order against the former trade minister was lifted in May.


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The siblings inherited their stake in Ayala Corp. from their late aunt. They also hold a stake in

diversified conglomerate San Miguel through investment firm Top Frontier.

Villar, 63, joined the billionaire ranks for the first time. A long-time senator before stepping down this

year, he placed 16th richest, up from 18th in 2012. Villar's family owns property firm Vista Land &

Lifescapes. His wife Cynthia won a Senate seat in the last elections.


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85-year-old Gotianun, who owns property firm Filinvest Development, retained his place as 17th richest.

His company, along with partner Changi Airport of Singapore, was shortlisted for the bidding of the

Mactan-Cebu international Airport.

She is the widow of Jose Campos of giant local drugmaker Unilab. Her family holds a stake in global

food and beverage manufacturer Del Monte Pacific.


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She is president of Mercury Drug, a decades-long industry leader with over 500 drugstores nationwide.

Her father, Mariano Que, sold pharmacy items out of a pushcart before opening his first store in 1945.

Cojuangco, 78, lost his billionaire status after selling his stake in San Miguel to his right-hand man,

Ramon Ang. Cojuangco however still sits as chairman of the company, which has diversified from food

and beverage into heavy industries like power and infrastructure.

21 Alfonso

Yuchengco

His family owns a controlling stake in Rizal

Commercial Banking Corporation.

$705 M

22 Oscar Lopez He is the chairman emeritus of Lopez Holdings,

which owns media conglomerate ABS-CBN.

$675 M

23 Betty Ang He is the president of Monde Nissin, the maker of

"Lucky Me" instant noodles.

$600 M


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24 Jorge Araneta His family founded the Ma-ao sugar refinery in

Negros province. They own Araneta Coliseum, one

of Asia's biggest indoor sports arenas.

$505 M

25 Carlos Chan He heads snack food firm Liwayway. $500 M

26 Michael Romero He runs the country's biggest port in Manila. $490 M

27 Eric Recto He's Roberto Ongpin's nephew who got a boost

from an additional stake in Philippine Bank of

Communications. He is vice chairman of oil refiner

Petron.

$485 M

28 Mariano Tan, Jr. He is one of the 3 founders of drugmaker Unilab. $435 M

29 Frederick Dy He is chairman of Security Bank. $290 M

30 Walter Brown He is one of the newcomers in the list. Brown was

president of Roberto Ongpin's Atok Big Wedge. He

founded and chairs A.Brown Company.

$270 M

31 Ramon Ang He is president and COO of San Miguel and

Eduardo Cojuangco Jr.'s long-time friend.

$260 M

32 Jose Antonio He is chairman of property firm Century Properties. $255 M

33 Wilfredo Stev en

Uytengsu, Jr. &

family

He is president and CEO of milk producer Alaska

Milk.

$250 M

34 Manuel Zamora

Jr.

He is chairman of miner Nickel Asia. $240 M

35 Jacinto Ng Sr. He is chairman of Asia United Bank and owner of

biscuit maker Rebisco.

$230 M


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36 Alfredo Ramos &

family

His family owns books and office supplies chain

National Book Store.

$225 M

37 Gilberto Duavit &

family

He controls television giant GMA Network, along

with Felipe Gozon and Menardo Jimenez.

$224 M

38 Menardo

Jimenez

He owns a third of GMA Network. $223 M

39 Edgar Sia He founded Mang Inasal, a Filipino-style grilled

chicken chain.

$210 M

40 Bienvenido

Tantoco, Sr. &

family

His family owns upscale department and

supermarket chain Rustans.

$205 M

41 Felipe Gozon &

family

He controls and runs GMA Network. $200 M

42 Alfredo Yao He is known as the country's "juice king" for his

Zest-O brand of beverages.

$180 M

43 Michael

Cosiquien

He founded construction firm Megawide. $175 M

44 Edgar Saavedra He is co-founder of Megawide. $170 M

45 Juliette

Romualdez

She is the widow of Benjamin Romualdez who

previously owned BDO Unibank. She has shares in

mining firm Benguet.

$165 M

46 Tomas Alcantara

& family

He owns power and mining firm Alsons

Consolidated Resources.

$160 M

47 Lourdes

Montinola &

family

She chairs Far Eastern University. $155 M

48 Luis Virata He owns a stake in miner Nickel Asia. $120 M


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48 Comments

Rex Ballester3 days ago

6 replies +13

Haydn 3 days ago

0

Korn Pop 3 days ago

49 Philip Ang He is originally in the textile business and is the

vice chairman of Nickel Asia.

$115 M

50 Manuel V.

Pangilinan

He is CEO of Hong Kong's First Pacific, which owns

telecom giant PLDT, television network TV5 and

power distributor Meralco.

$105 M

Rappler.com

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Yap George Ty Inigo Zobel Lucio and Susan Co Manny Villar Mercedes

Zobel Philippines Robert Coyiuto Roberto Ongpin Tony Tan Caktiong Vivan Que

Ascona andrew tan enrique razon jr forbes forbes rich list forbes rich list 2013 henry

sy jaim e zobel de ayala john gokongwei j r lucio tan richest filipinos Business

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Bakit wala sa listahan ang mga Napoles???

poor na s ila...

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0

Willy Patayan 3 days ago

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John Lansangan 2 days ago

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Jollighe . 2 days ago

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marcmuyrong 2 days ago

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Edgardo Fadul 3 days ago

1 reply +3

Edgardo Fadul 3 days ago

0

ChristianHarvey 2 days ago

+2

'Alvin' Tabaag 1 day ago

+1

_jonmat 2 days ago

Ha Ha Ha BOOM Ha Ha Ha

Naibili na ng sapatos at apartment sa Hollywood.

mali yang lis tahan na yan, dapat andyan yung pamilyang Napoles

baka mga companies nila outside the Philippines...

Hellooo..syempre, it was not declared..eh di lalo s ilang nahuli..to be able to make i t up to the forbes

richest, you have to declare all your assets and liabi lities..

NAPOLES WHO ARE THEY ?/ BILLION DOLLARS PO ANG PINAG-UUSAPAN DITO !!

SORRY ?!

Philippine Riches t all chinese no pure Filipinos in top 14..haays! more than our GDP ang combined wealth

nila..parang pag aari na rin tayo ng China s a lagay..sick!

THE BIG QUESTION IS: Are these people also giving the most generous employee salaries/benefits in the

Philippines?

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+1

Claire Bautista 10 hours ago

0

Dracir Basa 10 hours ago

0

Miguel Tensuan 15 hours ago

0

Nio Faner 1 day ago

0

Nio Faner 1 day ago

0

I wish they'd hire me, I'd make them run for their capital.. Bahahaha! Most of these men done good for their

companies , special m ention to Henry Sy. Kudos!

'Declared wealth' should we s ay.

bakit wala s i GMA??? wala din s i napoles ??? bias kaya itong survey na to???

This should read: "Richest Filipinos in Asia With Declared Wealth."

basta.....

i,m nxt,basta........

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