Who are the richest Pinoys?

by MoneyMax.ph

Posted at Aug 03 2014 04:16 PM | Updated as of Aug 05 2014 12:55 AM

(Editor's note: This article was written by MoneyMax, the Philippines’ foremost online platform for comparing financial and telecom products and services, for ABS-CBNnews.com. Find out more at MoneyMax.ph.)

MANILA, Philippines - Who are the richest in the Philippines?

According to Forbes magazine, Henry Sy and his family are on top of the list of the Philippines' billionaires.

This may prompt some people to ask themselves: "What am I doing with my life?"

Looking at these billionaires' common denominators to financial success - smart work, patience and determination - may inspire people to work even harder.

SM founder Henry Sy is now worth a whopping $11.4 billion. He started his business when he sold rejected and overrun shoes in Tondo, Manila where his family lived after migrating from China. Now, he owns the biggest mall in the country with not just shoes in it, but everything that you need.

Lucio Tan's $6.1 billion net worth as of 2014 is mainly from his tobacco company. The tobacco tycoon started as a worker in a tobacco factory. Now, his businesses include aviation, real estate and liquor, among others.

Andrew Tan is the founder of Alliance Global, which includes Megaworld, with net worth of $4.6 billion. He also owns the McDonald’s franchise in the country through Golden Arches Development Corporation.

Fourth and the youngest on the list is port and casino magnate Enrique Razon, Jr. with $4.42 billion.

John Gokongwei, Jr., whose net worth is $3.9 billion, is the fifth in the list. The founder of JG Summit is known for his riches-to-rags-to-riches story. He was born to a wealthy Cebu-based family until his father passed away and lost majority of their wealth. He worked hard to regain his family's wealth and even more.

David Consunji made his mark in the construction industry, and now has a net worth of $3.3 billion.

George Ty founded Metrobank when he was 29 with no banking background. Today, he is worth $2.3 billion.

Tony Tan Caktiong started his business with an ice cream parlor, which eventually became Jollibee. His net worth as of today is $1.7 billion.

Ninth on the list is Robert Coyiuto, Jr. with $1.5 billion, while Filinvest founder Andrew Gotianun is tenth with a net worth of $1 billion.

Get to know them even more with this infographic.