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