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11 Filipino businessmen join Forbes Magazine’s elite list of billionaires


Eleven richest Filipinos joined the elite billionaire’s list compiled by Forbes Magazine. For the fourth year in a row, Sy remained the Philippines’ richest man with a net worth of $7.2 billion,  up from $5 billion last year. Second on the list is tycoon Lucio Tan with an estimated $2.8 billion in assets, up from $2.1 billion in 2010. The 77-year-old tycoon owns a bevy of businesses which include Fortune Tobacco, Asia Brewery, and Hong-Kong based Eton Properties.

Third on the list is JG Summit founder John Gokongwei Jr with $2.4 billion, up from his net worth last year of $1.5 billion. He is followed by Alliance Global Group’s Andrew Tan with an estimated net worth of $2 billion from last year’s $1.2 billion.  Fifth on the list is 90-year-old construction magnate David Consunji, who has an estimated net worth of $1.9 billion from last year’s $715 million.

Here’s the complete list of Filipino billionaires:

1. Henry Sy    $7.2 billion
2. Lucio Tan    $2.8 billion
3. John Gokongwei Jr.    $2.4 billion
4. Andrew Tan        $2 billion
5. David Consunji     $1.9 billion
6. Jaime Zobel de Ayala    $1.7 billion
7. Enrique Razon Jr.     $1.6 billion
8. Eduardo Cojuangco Jr.    $1.4 billion
9. Roberto Ongpin    $1.3 billion
10. George Ty        $1.1 billion
11. Tony Tan Caktiong    $1 billion

One thought on “11 Filipino businessmen join Forbes Magazine’s elite list of billionaires

  1. Pingback: Billionaire Blog on: 11 Filipino businessmen join Forbes Magazine’s elite list of billionaires | MiloRiano: Power & Money tips, news, guide

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