You are in for a rude shock if you think the Philippines doesn’t possess billionaires. Some of the richest people in the Philippines have a net worth that are even bigger than the billionaires we find in the United States. We have taken a list of the richest Filipinos based on Forbes magazine’s ranking and did some research into the lives of these 10 fantastic Filipino billionaires. Forbes actually have a list of 50 richest people in the Philippines. You can view the complete list here.
Here are some interesting facts on the Filipino billionaires.
Henry Sy, Sr’s ridiculous net worth of $12.7 billion makes him the richest Filipino in the world. The man holds a bachelor’s degree in Arts and Science. The businessman has been able to accumulate a fortune that humongous through the establishment of holding corporation, SM Prime Holdings.
Lucio Tan has a net worth of $6.1 billion, and he is the 2nd richest person in the Philippines. The versatile entrepreneur holds a bachelor’s degree in Arts and Science. He holds substantial holdings in Asia Brewery, Tanduay Holdings, PLFTC Inc, and University of the East.
With $5.2 billion safely stacked in various bank vaults, Enrique K Razon Jr truly lives a well off lifestyle. He has derived most of his wealth from his stakes in company, International Container Terminal Services Inc. He also serves as the CEO of the aforementioned company.
Andrew L. Tan boasts a net worth of $5.1 billion. Over the years, the man has made some shrewd lucrative investments in the liquor, fast food, and real estate sectors. The Philippines has certainly been the ultimate luck pot for this Chinese immigrant.
John L Gokongwei has a net worth of $4.9 billion. The man truly branches out with his investments. Over the years, he has been able to derive profits from the telecommunications, financial services, petrochemicals, and live stock farming industries.
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The self made billionaire, David Consunji, has a net worth of $4.2 billion. He is considered a construction tycoon as his company, DMCI, has helped build over 500 buildings in the country. Most of his wealth is derived from his shares in DMCI Holdings.
George S.K. Ty is the brains behind the establishment of the 2nd largest bank in the Philippines, Metropolitan and Trust Company. He possesses a net worth of $3.7 billion.
Boasting a net worth of $3.6 billion, Jon Ramon claims the title of the 8th richest man in the Philippines. The businessman serves as the President of companies, Aboitiz & Co and Aboititz Equity Ventures Inc.
Jaime Zobel has a net worth of $3.4 billion. The Harvard graduate is also a big fan of art photography. He is the man responsible for pulling all the strings in the company, Ayala Corporation. His leadership qualities are well known and respected throughout the world.
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Tony Tan’s net worth of $2 billion gives him a well deserved spot on our list. He struck jackpot when he established the fast food chain, Jollibee. Today, the chain has over 1480 stores around the world.