Forbes: Henry Sy is still PH top billionaire; Jeff Bezos is world's richest


Posted at Mar 07 2018 02:23 AM | Updated as of Mar 07 2018 02:55 PM

Henry Sy. File Photo

MANILA - Shopping mall tycoon Henry Sy is still the Philippines' richest man while founder Jeff Bezos seized the top spot for the first time, Forbes Magazine said Tuesday.

Sy has a net worth of $20 billion (P1 trillion), nearly double from last year's $12.7 billion, and ranked 52nd worldwide. Sy has led the country's billionaires for 10 years in a row.

Bezos' seized the top spot from Microsoft founder Bill Gates this year with a net worth of $112 billion. Gates placed second with a net worth of $90 billion.

Tycoon John Gokongwei of the JG Summit group and family ranked second in the Philippines and 305th worldwide with $5.8 billion.

Enrique Razon, who owns Solaire Casino and Resort, was third in the Philippines and 404th worldwide with $4.9 billion.

According to Forbes, Asia Pacific has the most billionaires at 827, followed by the United States at 585 and Europe at 559.

A record 2,208 billionaires made this year's list, with a collective net worth of $9.1 trillion, up from $7.7 trillion last year.