LOOK: 14 Philippine billionaires land on Forbes list | ABS-CBN

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LOOK: 14 Philippine billionaires land on Forbes list

LOOK: 14 Philippine billionaires land on Forbes list

ABS-CBN News

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Updated Mar 21, 2017 03:53 PM PHT

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MANILA - Fourteen billionaires in the Philippines made it to Forbes Magazine's list of the richest people on the planet this year.

Shopping mall tycoon Henry Sy is still the country's richest man with a net worth of $12.7 billion. He is ranked 94th richest in the world.

Here are the richest billionaires in the Philippines, according to Forbes:

14) EDGAR SIA

Sia is the founder of Mang Inasal, a fastfood chain acquired by fellow billionaire Tony Tan Caktiong in 2010. With a net worth of $1 billion, he is the youngest billionaire in the Philippines at 40 years old.

13) ROBERTO ONGPIN

Ongpin, the chairman of property developer Alphaland, has a net worth of $1.1 billion. He stepped down as head of gaming firm PhilWeb Corp. in 2016 after being singled out by President Rodrigo Duterte as one of the country's "oligarchs."

12) EDUARDO COJUANGCO

Cojuangco is the chairman of San Miguel Corp., and owner of cement-manufacturing firm Northern Cement. At 81 years old, he has a net worth of $1.2 billion.

11) RAMON ANG

Ang, the president and chief operating officer of San Miguel Corp., has a net worth of $1.4 billion.

10) MANUEL VILLAR

Former senator Villar is majority owner of Starmalls and Vista Land & Lifescapes.

9) ROBERT COYIUTO JR.

Coyiuto is the chairman of Prudential Guarantee & Assurance, one of the country's largest non-life insurance companies. He also owns a stake in the National Grid Corp. of the Philippines. He has a net worth of $1.5 billion.

8) ANDREW TAN

Tan is the man behind Alliance Global, which owns the country's McDonald's franchise and Emperador. The holding firm also has interests in gaming and real estate. Tan has a net worth of $2.5 billion.

7) DAVID CONSUNJI

Consunji is the oldest billionaire in the Philippines at 95 with a net worth of $3.1 billion. He has interests in real estate and Semirara Mining, the country's largest coal miner.

6) TONY TAN CAKTIONG

Tan Caktiong owns Jollibee, the largest fastfood operator in the country and the fastest-growing Asian restaurant chain in the world. He has a net worth of $3.4 billion.

5) ENRIQUE RAZON JR.

Razon is the chairman of the country's largest port operator, International Container Terminal Services. He also owns Bloomberry Resorts Co., the operator of Solaire Casino. Razon has a net worth of $3.4 billion.

4) GEORGE TY

Ty owns GT Capital Holdings, which has interests in banking, auto dealership, property development, power generation and insurance. He has a net worth of $3.5 billion.

3) LUCIO TAN

Tan's LT Group has interests in tobacco, spirits, banking and property development. Tan also chairs Philippine Airlines. He has a net worth of $3.7 billion.

2) JOHN GOKONGWEI JR.

Gokongwei is the country's second richest billionaire with a net worth of $5.8 billion. He is the founder of JG Summit, which has interests in air transportation, banking, food, hotels, power, chemicals, real estate, and telecommunications.

1) HENRY SY

The 92-year-old Sy is still the richest man in the Philippines with a net worth of $12.7 billion. He founded SM Investments Corp., the country's largest retailer with interests in banking, property and retail. Sy is ranked 94th richest billionaire in the world.

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