Are you one of them?
The top Ten Richest Filipinos in the Philippiness, headed by mall tycoon Henry Sy Sr., landed in Forbes Magazine’s 2014 global billionaires’ list, down from last year’s 11, the magazine reported on Tuesday.
With an estimated net worth of $11.4 billion,
Forbes Magazine placed Sy and family in the 97th spot in the global ranking
despite a $1.8-billion drop from last year’s net worth of $13.2 billion. Sy and family ranked 68th in the 2013 billionaires’ list.
“The Philippines’ richest person, Henry Sy, merged his vast property assets under mall operator SM Prime Holdings to create a company with a recent market cap of $9.3 billion,” Forbes noted.
Second richest in the Philippines and in the 227th spot in the global ranking was Lucio Tan and family with a net worth of $6.1 billion.
Other Filipinos who made it to the 2014 billionaires’ list were:
- Andrew Tan of Megaworld and Alliance Global Group at 319th spot with a $4.7-billion net worth
- Enrique Razon Jr. of the International Container Terminal Services Inc. and Bloomberry Resorts Corp. – 354th – $4.2 billion
- John Gokongwei Jr. of JG Summit – 388th – $3.9 billion
- Construction magnate David Consunji – 483rd – $3.3 billion
- George Ty of Metrobank group and GT Capital – 764th spot – $2.3 billion
- Tony Tan Caktiong of Jollibee group – 1046th – $1.7-billion net worth
- Stock broker and car dealership magnate Robert Coyiuto Jr. – 1154th spot – $1.5-billion net worth
- Andrew Gotianun of Filinvest Group – 1565th – with $1 billion-net worth
Warren Buffet with his $58.2 billion net worth followed Ortega and Oracle co-founder Larry Ellison with a $48-billion net worth followed Buffet.
“To compile net worths, we value individuals’ assets – including stakes in public and private companies, real estate, yachts, art and cash – and take into account estimates of debt,” Forbes said in the report’s methodology.
John is a very young 57 who has lived in the Philippines for over ten years and makes his living online as an SEO consultant and copy writer along with other online resources. John has lived in Davao, Manila and in Puerto Galera and has become an honoury Filipino. His hobbies include traveling and 1970s culture. For any articles or online work please feel free to contact John on jg[email protected]
