About the early part of the last quarter of this year, FORBES ASIA released their list of the Top 40 Richest people in the Philippines. We are given a glimpse as to who holds about 80 to 90 % of our nation’s wealth.
However in comparison to the entire region, the Filipino richest are actually the “poorest” among its Southeast Asian neighbors. Compared to others in the same region, the Riches Filipino combined together had the smallest net worth, ($16 billion) the fewest number of billionaires (only three) and the lowest minimum net worth ($25 million)
Nevertheless these Filipinos are the envy of their countrymen. Others look up to them as their inspiration. It is interesting to note that only a handful of them have inherited their wealth. Most of them started from the bottom and worked their way up until they became what they are today. Take note all of them are entrepreneurs and none made it to the top 10 list by just remaining an employee. Inspire to be an entrepreneur, take time to read their stories in Wikipedia and other sources. Here is the list and a snapshot of their wealth.
1. Henry Sy -
Net worth: $4 billion
Business interest : Retail, banking etc.
Known for : SM Malls
2. Lucio Tan
Net worth: $2.3 billion
Business interest: Tobacco and Beer, airlines, banking etc.
Known for: Asian Brewery
3. Jaime Augusto Zobel de Ayala
Networth: $2 billion
Business interest: Real estate, telecoms, banking, utilities etc.
Known For: Ayala lands
4. Eduardo Cojuangco
Net Worth: $840 million
Business interest: Food and beverage, etc.
Known for: San Miguel Corp.
5. George Ty
Net worth: $830 million
Business interest: Banking etc.
Known for: Metrobank
6. John Gokongwei Jr.
Net worth: $700 million
Business interest: Food and Beverage, telecoms, publishing, textiles, airline etc.
Known for: URC (Universal Robina)
7. Tony Tan Caktiong
Networth: $575 million
Business interest: Fast food chains
Known for: Jollibee
8. Andrew Tan
Net worth: $480 million
Busines interest: Real estate
Known for: Mega world
9. Emilio Yap
Net worth: $350 million
Business interest: Publishing, Breckenridge lodging, hotels
Known for: Manila Bulletin
10. Oscar Lopez
Net worth: $315 million
Business interest: Broadcasting, utilities, construction etc.
Known for: ABS-CBN
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