Richest Filipinos
Read about the Philippines’ richest man and the list of the country’s wealthiest people in 2022. According to a report published by the business magazine Forbes, the Philippines now boasts over ten billionaires. For the majority of the wealthy people in the Southeast Asian country, real estate, food, retail, and drugstores are among the key sources of income. An abundance of valued assets or money is defined as wealth.
Each country has its own wealth and riches, but only a few people have authority over them. There are well-known families and individuals in the Philippines who play a vital role in the country’s economy. According to Forbes, the Philippines’ fortunes have improved significantly: the wealth of the country’s 50 wealthiest people has increased by 30% to $79 billion.
Top 10 Richest In The Philippines 2022
| S.No | Richest Man In The Philippines | Net Worth |
| 1 | Sy Siblings | $ 16.6 B |
| 2 | Manuel Villar | $ 6.7 B |
| 3 | Enrique Razon Jr. | $ 5.8 B |
| 4 | Lance Gokongwei & Siblings | $ 4 B |
| 5 | Jaime Zobel de Ayala | $ 3.3 B |
| 6 | Dennis Anthony and Maria Grace Uy | $ 2.8 B |
| 7 | Tony Tan Caktiong and Family | $ 2.7 B |
| 8 | Andrew Tan | $ 2.6 B |
| 9 | Ramon Ang | $ 2.3 B |
| 10 | Ty Siblings | $ 2.2 B |
Who Are The Top 10 Richest In The Philippines 2022?
Sy Siblings – $ 16.6 B
Henry Sy, the founder of Shoemart or SM, is well-known for his rags-to-riches narrative. He has built an empire that dominates the mall culture in the Philippines. The business tycoon died in 2019, and the six Sy siblings took over the company and its subsidiaries. One of Henry Sy’s daughters, Teresita Sy-Coson, was named vice-chairman of SM Investments Corporation. The Sy Siblings are the richest Filipinos in the country, with a combined net worth of $16.6 billion dollars.
Image Source: Forbes
Manuel Villar – $ 6.7 B
In the meantime, Manuel “Manny” Villar has taken over second place. The owner of Vista Land & Lifescapes is well-known in the real estate market, with a net worth of $6.7 billion. He also owns Camella Homes, Vista Malls, and All Homes, a convenience store. Villar recently invested in and purchased ABS-media CBN’s frequency in preparation for his future enterprise. Golden MV Holdings, which concentrates on mass housing developments and condos, is currently his most valuable asset.
Image Source: Forbes
Enrique Razon Jr. – $ 5.8 B
Enrique Razon Jr. is the next competitor, having finished third previous year. After WWII, the Razon family is recognised for concentrating their money on container terminal services. Razon currently expands his business internationally through his company, International Container Terminal Services Inc, which provides worldwide port management in the Philippines and beyond. He also established subsidiaries in Eastern Europe, Africa, the Americas, and Asia-Pacific outside of the country. He also owns the Philippines’ Solaire Resort and Casino.
Image Source: Forbes
Lance Gokongwei & Siblings – $ 4 B
Lance Gokongwei & Siblings are in fifth place with a net worth of $ 4 billion. Lance Gokongwei received his riches from his late father, John Gokongwei Jr., along with his siblings Robina, Lisa, Faith, Hope, and Marcia. The Gokongwei family’s extensive portfolio includes airplanes, telecommunications, finance, food, power, and real estate. They own the JG Summit company, which is led by Lance, while Robina is in charge of Robinson Retail.
Image Source: JG Summit
Jaime Zobel de Ayala – $ 3.3 B
Since then, the Ayala family, also known as the “old money” or “old rich,” has been the Philippines’ wealthiest family. According to Forbes, Jaime was the chairman of his family’s Ayala Group until his son, Jaime II, took control in 2006. The Ayala Group currently owns a large portion of Makati and BGC. Ayala Land is one of the best places to do business because of these locations. They also own shopping malls including Glorietta and Trinoma.
Image Source: Bloomberg.com
Dennis Anthony and Maria Grace Uy – $ 2.8 B
Dennis Anthony Uy and his wife Maria Grace, who formed Converge ICT Solutions, one of the Philippines’ major internet providers, are new to the list. Converge’s good fortune came in 2019 when Warburg Pincus, a New York-based private equity firm, invested $ 250 million in the company to help it grow. In just five years, the company’s net value has increased to $ 2.8 billion.
Image Source: Forbes
Tony Tan Caktiong and Family – $ 2.7 B
Tony Tan Caktiong, chairman and creator of Jollibee, is credited with founding one of the world’s fastest-growing Asian restaurant chains in 1978. Jollibee is slowly but steadily dominating the international stage, because to its unquestionable popularity among Filipinos. With over 1,300 locations throughout the world, the company is booming. Caktiong also has an interest in the DoubleDragon Properties as a developer.
Image Source: Forbes
Andrew Tan – $ 2.6 B
Andrew Tan, like Henry Sy, has interesting rags-to-riches stories. Andrew Tan came from a poor household in China and began his career in the Philippines with the hopes of a better future in a foreign place. Fast forward to present, and through dedication and hard work, he has built MegaWorld Corporation into one of the largest real estate conglomerates in the world. He also serves as the chair of Alliance Global, a holding company with holdings in food and beverage, gaming, and real estate.
Image Source: Forbes
Ramon Ang – $ 2.3 B
Ramon Ang, the president and vice chairman of San Miguel Corporation, has made a name for himself not just in the food and beverage industry, but also in infrastructure and transportation. San Miguel was a part of Skyway 3 as part of the government’s PPP (Public-Private Partnership). They also want to build an airport close to Manila Bay.
Image Source: Tatler Asia
Ty Siblings – $ 2.2 B
Arthur, Alfred, Alesandra, and Anjanette Ty are the children of George Ty, the late banking mogul who created Metrobank in 1963. George Ty founded GT Capital, which is today one of the Philippines’ largest corporations, with holdings in banking, car, real estate development, power generating, and insurance.
Image Source: Business Mirror
About Philippines
Philippines is a Southeast Asian archipelago formally known as the Republic of the Philippines. It is made up of roughly 7,640 islands that are organised into three basic geographical divisions from north to south: Luzon, Visayas, and Mindanao. It is made up of around 7,640 islands and is located in the western Pacific Ocean. Taiwan is to the north, Japan to the northeast, Palau to the east and southeast, Indonesia to the south, Malaysia and Brunei to the southwest, Vietnam to the west, and China to the northwest, with the South China Sea to the west, the Philippine Sea to the east, and the Celebes Sea to the southwest.
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Top 10 Richest Person In The Philippines 2022
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