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/
