Shopping mall tycoon Henry Sy
MANILA – Shopping mall tycoon Henry Sy cracked the list of the world’s richest men and women in Bloomberg Markets magazine’s “billionaires issue,” being the only Filipino to do so.
The 88-year-old Sy ranked 72nd in the Bloomberg top 100 billionaires’ list with a net worth of $13.3 billion.
Sy, the man behind SM Investments Corp., is the richest man in the Philippines.
Only Sy and Malaysia’s Robert Kuok made it to the list to represent countries in the ASEAN region.
The most number of billionaires are located in North America with 40. There are 35 billionaires in Europe and 18 in Asia.
Topping the list is Microsoft’s Bill Gates with a net worth of $72.9 billion, surpassing last year’s number 1, America Movil’s Carlos Slim.
Slim fell to the number 2 spot with a net worth of $65.5 billion after his fortune went down by 12.9%.
Rounding up the top 10 were Inditex’s Amancio Ortega ($61.9B) Berkshire Hathaway’s Warren Buffet ($58.2B), IKEA’s Ingvar Kamprad ($50.3B), Koch Industries’ Charles Koch and David Koch ($45.2B), Oracle’s Larry Ellison ($41B), and Wal-Mart’s Christy Walton ($36.5B) and Jim Walton ($35.1B).
Bloomberg said most of the billionaires spent 2013 making more money as their “collective fortunes soared $200 billion to $2.1 trillion.”
The 29-year-old co-founder of Facebook Mark Zuckerberg was not only the youngest billionaire in the list, he was also the biggest gainer.
According to Bloomberg, Zuckerberg’s fortune doubled to $24.5 billion from January 1 to September 30. He placed 25th on the list.
Bloomberg said closing prices of publicly traded companies, as of September 30, owned by the billionaires were used and converted into US dollars to compute their net worth.
For privately-held firms, Bloomberg used estimates based on the value of comparable publicly traded companies of the same industry, size and country.