Richest People in Times

Philippines 50 Richest Lists Released by Forbes 

Here’s the Forbes list of the richest people with their estimated net worth: TOP 50

1. Henry Sy

The Philippines richest men were already revealed by world-renowned Forbes magazine. The Top 50 richest people in the Philippines is still dominated by shopping magnet Henry Sy. The Philippines richest men Henry Sy increased it’s net worth to $12 billion, a $2.9 billion increase from last year.

2.  Lucio Tan  

Lucio Tan, the Philippines' second richest person and this year's biggest gainer, got a $3 billion boost after consolidating his private holdings into LT Group, including Asia Brewery, maker of popular Beer na Beer, and stake in Philip Morris Fortune Tobacco, which has an estimated 80% market share of the country's cigarette market. Shares are up five fold since last year's listing. Follow-on offer in April which reduced his stake to 74% , raised $920 million, in what was the country's biggest public issue to date. After selling his 49% stake in Philippine Airlines to San Miguel last year, Tan said he may sell the remaining 51%. PAL Holdings, through which he owns most of that stake, did a private placement after trading in its shares was halted in January for failing to meet a 10% public float rule. Son Michael is president of LT Group. Also owns Hong Kong based Eton Properties.

3. Andrew Tan

Andrew Tan doubled his fortune and climbed three spots to Number 3, as shares of his holding firm Alliance Global zoomed. With interests in food and beverage, real estate, gaming, the company reported an 18% jump in net profits to $113 million in the last quarter. Planned IPO of Resorts World Manila, which he controls with casino operator Genting Hong Kong reportedly postponed in late June.









4. Enrique Razon (ICTSI) – $4.5 billion
5. John Gokongwei Jr. (JG Summit) – $3.4 billion
6. Jaime Zobel de Ayala (Ayala Corp.) – $3.1 billion
7. Aboitiz family (AEV) – $3 billion
8. David Consunji (DMCI) – $2.7 billion
9. George Ty (Metrobank) – $2.6 billion
10. Lucio & Susan Co (Puregold) – $1.9 billion
11. Tony Tan Caktiong (Jollibee) – $1.7 billion
12. Robert Coyiuto Jr. – $1.5 billion
13. Emilio Yap (Philtrust Bank) – $1.35 billion
14. Roberto Ongpin – $1.3 billion
15. Inigo & Mercedes Zobel – $1.2 billion
16. Manuel Villar (Vista Land) $1.05 billion
17. Andrew Gotianun (Filinvest) $1 billion
18. Beatrice Campos (Unilab) $900 million
19. Vivian Que Azcona (Mercury Drug) $840 million
20. Eduardo Cojuangco Jr. (San Miguel) $825 million
21. Alfonso Yuchengco – (Yuchengco group) $705 million
22. Oscar Lopez (Lopez Holdings) $675 million
23. Betty Ang (Monde Nissin) $600 million
24. Jorge Araneta (Araneta group) $505 million
25. Carlos Chan (Liwayway) $500 million
26. Michael Romero (Global Port 900) $490 million
27. Eric Recto $485 million
28. Mariano Tan Jr. (Unilab) $435 million
29. Frederick Dy (Security Bank) $290 million
30. Walter Brown (Atok-Big Wedge) $270 million
31. Ramon Ang (San Miguel) $260 million
32. Jose Antonio (Century Properties) $255 million
33. Wilfred Uytengsu Jr. $250 million
34. Manuel Zamora Jr. (Nickel Asia) $240 million
35. Jacinto Ng Sr. (Asia United Bank) $230 million
36. Alfredo Ramos (National Book Store) $225 million
37. Gilberto Duavit (GMA Network) $224 million
38. Menardo Jimenez (GMA Network) $223 million
39. Edgar Sia II (Mang Inasal founder) $210 million
40. Bienvenido Tantoco Sr. (Rustan’s) $205 million
41. Felipe Gozon (GMA) $200 million
42. Alfredo Yao (Zest-O) $180 million
43. Michael Cosiquien (Megawide Construction) $175 million
44. Edgar Saavedra (Megwide) $170 million
45. Juliette Romualdez (Benguet Mining) $165 million
46. Tomas Alcantara (Alsons Consolidated) $160 million
47. Lourdes Montinola (FEU) $155 million
48. Luis Virata (Nickel Asia) $120 million
49. Philip Ang (Nickel Asia) $115 million
50. Manuel Pangilinan (PLDT, First Pacific) $105 million

http://philnews.ph/2013/08/01/philippines-50-richest-lists-released-by-forbes-2013/