Forbes 2020 reveals 15 Filipinos on World Billionaires List


The economic set back brought by the global pandemic COVID-19 had greatly influenced the billionaires list. The Sy Siblings had been place on their own ranking after the passing of family matriarch, Henry Sy. Now the top spot lays on business Tycoon, Manny Villar. Here are 15 richest business leaders in the Philippines ranked by their net worth.

286. Manny Villar

Villar Group of Companies
Net Worth: US $5.6B

Born into an impoverished family in Manila, Villar had worked himseld up to financial success. Former senate and 2010 presidential candidate, he stands as a business leader in the country. He started as an accountant in SGV – one of the largest accounting firms in the country – and then started a seafood delivery business in Makati. Apparently it did not bode well so he worked as a financial analyst in Private Development Corporation in the Philippines. He eventually resigned and started his delivery business of gravel and sand. It was what started his now Villar Group of Companies which now holds real estate, leasing, retail malls, education and hospitality.

565. Enrique Razon Jr.

International Container Port Terminal Services Inc. and Bloomberry Resort Corp.
Net Worth: US $3.4B

Enrique Razon Jr. heads the largest International Port Services in the country which started out in 1916 by his grandfather. However, it was rebuilt by his father in 1945 and now, Enrique has expanded their business making it into a global giant. His Bloomberry Resorts Co. and Solaire Resort and Casino stands as the business’s crown jewel.

1063. Hans Sy

SM Prime Holdings
Net Worth: US $2B

Henry Sy’s fourth child stands as the third Filipino listed on Forbes 2020 billionaires list. He currently stands as the director for SM Prime Holdings after stepping down as president in 2016. He is the adviser of SM Investments and chairman of both China Banking Corporation and National University.

1063. Herbert Sy

SM Prime Holdings
Net Worth: US $2B

Sharing the spot is Henry Sy’s fifth child who also stands as an adviser of SM Investments and director of SM Prime Holdings. He also oversees SM’s supermarket operations and its investment arm.

1135. Harley Sy

SM Investments Corporation
Net Worth: US $1.9B

Youngest son of Henry Sy, Harley, stands as the executove director for SM Investments, advisor of BDO Private Bank, and director of China Banking Corporation.

1135. Henry Sy Jr.

SM Prime Holdings
Net Worth: US $1.9B

Henry Sy’s eldest son serves as co-vice chairman of SM Investments and chairman of SM Prime Holdings.

1135. Andrew Tan

Alliance Global Group
Net Worth: US $1.9B

Andrew Tan heads Alliance Global, a holding company in food and beverage, gaming and real estate. He won 2018 Philippine Tatler Ball Diamond Awardee. He is also the owner of Emperador and McDonald’s food chain in the country.

1196. Teresita Sy-Coson

BDO Unibank and SM Investments Corp.
Net Worth: US $1.8B

Henry Sy’s eldest child co-chairs SM Investments with Henry Jr. and stands as a female business leader in the country. She is also the chairperson for BDO Unibank.

1267. Roberto Ongpin

Net Worth: US $1.7B

Head of Alphaland, Roberto Ongpin, heads the company which is a highend property developer. They’ve built an international airport for Patnanungan Island and luxury villas in Balesin Island.

1267. Lucio Tan

LT Group
Net Worth: US $1.7B

Founder and chairman of the LT Group which holds interests in banking, spirits, tobacco, and property development. He was once sidelined as a janitor to pay for his college tuition in Far Eastern University where he studied chemical engineering. He also holds an air transportation, aviation-related services and sugar milling company.

1267. Tony Tan Caktiong & Family

Jollibee Foods Corp.
Net Worth: US $1.7B

Founder and chairman of Jollibee, he also owns a stake in Double Dragon Properties together with his partner Edgar Sia II.

1335. Elizabeth Sy

SM Hotels and Convention Corp.
Net Worth: US $1.6B

Second of the Sy Siblings, Elizabeth Sy is the chairperson and president of SM Hotels and Conventions. She used to work for her father at Manila Royal Hotel in 1970’s which has awaken her passion in hospitality firms.

1513. Ramon Ang

San Miguel Corp.
Net Worth: US $1.4B

President and Vice Chairman of San Miguel Corporation, Ramon Ang is heading one of the oldest conglomerates in the country. He also owns a stake in Eagle Cement and Holcim Philippines.

1513. Robert Coyiuto

Coyiuto Group of Companies
Net Worth: US $1.4B

Chairman and CEO of Prudential Guarrantee and Assurance, Robert Coyiuto also owns a stake at a privately held National Grid, also in publicly listed Oriental Petroleum & Minerals and a distributor of Audi and Bentley.

1990. Eduardo Cojuangco Jr.

San Miguel Corporation
Net Worth: US $1B

He heads San Miguel together with Ramon Ang, as chairman and CEO. He also owns a cement manufacturing business and invested in winiries, stud farms and orchards in Australia.

These billionaires are also inspiration for more Filipinos to be successful and to remind us to work hard for our dreams

Written by admin


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