Real estate magnate Manuel B. Villar Jr. ranks as the only Filipino in the top 100 of Bloomberg’s Billionaire’s Index, a list of the world’s 500 richest based on their total net worth.

Villar placed 99th in the list with a net worth of $23.1 billion, $617 million or 2.7 percent more than a year ago, primarily due to his massive real estate holdings and property development business.

The only other Filipino in the list of ports and casino tycoon Enrique K. Razon Jr. at number 239 with a total net worth of $12.3 billion, a jump $2.96 billion from a year ago.

Villar is the founder Golden MV Holdings, the biggest death care company in the Philippines. It has been renamed Villar Land Holdings Corporation and will take the lead in the development of a 3,500 hectare estate.

He and his children control about 89 percent of the publicly traded company, with some of the shares held in entities called Fine Properties and Cambridge Group.

Villar is also founder of Vista Land & Lifescapes, the country's largest home builder, as well as shopping mall operator Vistamalls, home-improvement chain AllHome Corporation and supermarket operator AllDay Marts.

He controls about 70 percent of Vista Land & Lifescapes, including shares held by Villar, his children and by entities Fine Properties and Althorp Holdings.

Razon is the chairman of International Container Terminal Services, a Manila-based cargo facilities operator that reported revenue of $2.7 billion in 2024. He also owns most of Bloomberry Resorts, which owns the Manila gambling complex Solaire Resort & Casino, as well as gold mining and oil exploration assets.

The majority of Razon's wealth is derived from his stake in ICTSI, a publicly traded ports operator. He owns 51 percent of the company directly and through three holding companies, Bravo International Port Holdings, Razon Group Shareholdings and Achillion Holdings.

He also controls 65 percent of Bloomberry Resorts, which runs two resorts in the Philippines and one in South Korea and reported about $1 billion in revenue for 2023. He owns 52 percent of Manila Water Co., which provides water and sanitation services to more than 7 million people in the capital, and 67 percent of gold producer Apex Mining.

Razon has non-public assets and investments valued at $2.8 billion, according to figures provided by ICTSI spokeswoman Estella Occena. They include investments in various mining and infrastructure projects in the Philippines and Iraq, and about $300 million invested in oil and gas in the US.

Razon has real estate valued at $628 million in New York, San Francisco, South Africa and the Philippines, and owns three airplanes and two helicopters.

The value of his cash investments is recorded as a liability and reflects the cost of his real estate purchases, as well as insider transactions, market performance and taxes.