Forbes Magazine Names Top 50 Richest Filipinos For 2013; Henry Sy Is #1 Again

Forbes 2013 Top 10 Richest Filipinos

Henry Sy Sr., founder of SM Malls in the Philippines, is the richest Filipino in 2013 according to Forbes Magazine. His net worth increased by nearly $3 billion to a total of $12 billion, as shares of his company SM Investments Corp. reported record profits of over $570 million last year.

Sy, who is half-Chinese, half-Filipino has been #1 on the list for the last 6 years. #2 on the list is Lucio Tan, whose net worth was estimated at about $7.5 billion. His company, LT Group Inc., handles Asia Brewery Inc., maker of popular Beer na Beer, and has a stake in Philip Morris Fortune Tobacco Corp. Inc., which has an estimated 80 percent market share of the country's cigarette market.

In third place with a net worth of $4.6 billion is Andrew Tan, chairman of Alliance Global Group Inc, which runs Megaworld Corporation - one of the country's largest developers. Fourth is port terminal operator Enrique Razon ($4.5 billion); and in fifth place, John Gokongwei ($3.4 billion), who is the owner of Cebu Pacific Airlines.

Ranked sixth to tenth are Jaime Zobel de Ayala ($3.1 billion), Aboitiz family ($3 billion), David Consunji ($2.7 billion), George Ty ($2.6 billion), and Lucio and Susan Co ($1.9 billion).

Here are the rest:

11. Tony Tan Caktiong & Family - $1.7 billion

12. Robert Coyiuto Jr - $1.5 billion

13. Emilio Yap - $1.35 billion

14. Roberto Ongpin - $1.3 billion

15. Inigo & Mercedes Zobel - $1.2 billion

16. Manuel Villar - $1.05 billion

17. Andrew Gotianun - $1 billion

18. Beatrice Campos & family - $900 million

19. Vivian Que Azcona & family - $840 million

20. Eduardo Cojuangco - $825 million

21. Alfonso Yuchengco & family - $705 million

22. Oscar Lopez & family - $675 million

23. Betty Ang - $600 million

24. Jorge Araneta - $505 million

25. Carlos Chan - $500 million

26. Michael Romero - $490 million

27. Eric Recto - $485 million

28. Mariano Tan Jr. - $435 million

29. Frederick Dy - $290 million

30. Walter Brown - $270 million

31. Ramon Ang - $260 million

32. Jose Antonio - $255 million

33. Wilfred Steven Uytengsu Jr. & family - $250 million

34. Manuel Zamora - $240 million

35. Jacinto Ng - $230 million

36. Alfredo Ramos & family - $225 million

37. Gilberto Duavit & family - $224 million

38. Menardo Jimenez - $223 million

39. Edgar Sia - $210 million

40. Bienvenido Tantoco Sr. & family - $205 million

41. Felipe Gozon & family - $200 million

42. Alfredo Yao - $180 million

43. Michael Cosiquien - $175 million

44. Edgar Saavedra - $170 million

45. Juliet Romualdze - $165 million

46. Tomas Alcantara & family - $160 million

47. Lourdes Montinola & family - $155 million

48. Luis Virata - $120 million

49. Philip Ang - $115 million

50. Manuel V. Pangilinan - $105 million

For more details, visit www.forbes.com/philippines-billionaires/


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