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Manila Bulletin devider Business devider PHL loses one billionaire in Forbes' ranking

PHL loses one billionaire in Forbes' ranking

Published Sep 5, 2021 02:05 pm

The far-reaching impact of the ongoing pandemic has not spared the country’s US-dollar billionaires as listed by Forbes Magazine as their current number has now been reduced to 16 from the 17 listed among the world’s richest last April.

AllValue Chairman Manuel B. Villar, Jr.
AllValue Chairman Manuel B. Villar, Jr.

Based on Forbes’ real-time rankings, self-made real estate and retail tycoon Manuel B. Villar Jr. remains the Philippines’ richest with a fortune of $6.7 billion as of September 1, down from the $7 billion indicated in the list for 2021 released last April.

ICTSI and Bloomberry Chairman & CEO Enrique K. Razon Jr.

Coming in next is ports and gaming tycoon Enrique K. Razon Jr. with $5.9 billion from $5 billion followed by the SM Group’s Henry Sy Jr. who rose to third from number 8 as his value rose to $3.6 billion from S2.7 billion.

His brothers Hans Sy and Herbert Sy came next, maintaining their rankings, with the same net worth of $2.7 billion from $3 billion in April.

They are followed by Andrew Tan with $2.6 billion from $3 billion, Harley Sy with $2.5 billion from $2.7 billion, Teresita Sy-Coson with $2.3 billion from $2.7 billion, Tony Tan Caktiong climbed to 9th place from 11th with $2.3 billion from $2.4 billion, as Ramon S. Ang landed in 10th place from 12th with $2.3 billion from $2.2 billion.

Elizabeth Sy came in next with $2.2 billion from $2.4 billion while taipan Lucio Tan fell to 12th place from third place with his net worth dropping to $1.8 billion from $3.3 billion.

Also in the list are Ricardo Po Sr. and family $1.5 billion from $1.1 billion), Lance Gokongwei ($1.1 billion from $1.2 billion), Inigo Zobel ($1.1 billion from $1.4 billion), and Roberto Ongpin (steady at $1.1 billion).

Edgar “Injap” Sia II dropped out from the list where he was last ranked at number 17.

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