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Sy siblings remain richest person in PH

The Sy siblings — Teresita, Elizabeth, Henry Jr., Hans, Herbert, and Harley — remain the richest person in the Philippines with a combined net worth of $13.9 billion, Forbes Magazine revealed today.

(Clockwise) Ramon Ang, Manny Villar, Teresita Sy Coson (center), Enrique Razon Jr., Jaime Zobel de Ayala, Lucio Tan, Tony Tan Caktiong, Lucio Co, and Andrew Tan
(FORBES / MANILA BULLETIN)

Hans has the highest net worth among the siblings at $2.5 billion which makes him the 1,063rd richest person in the world. He is the chairman of National University and China Banking Corp.

The second wealthiest in the Forbes’ Philippines Richest List is former Sen. and Senate President Manuel “Manny” Villar Jr. with a net worth of $5 billion. Worldwide, Villar ranked No. 450.

Villar is the chairman of Vista Mall, formerly known as Starmalls. He is also the chairman of Vista Land & Landscapes.

Rounding up the Top 10 richest Filipinos are International Container Terminal Services’ Enrique Razon Jr. ($4.3 billion), JG Summit’s Lance Gokongwei and siblings ($4.1 billion); Ayala Group’s Jaime Zobel de Ayala ($3.6 billion), Alliance Global Chairman Andrew Tan ($2.3 billion), LT Group Chairman Lucio Tan ($2.2 billion), San Miguel Corp. President Ramon Ang ($2 billion), Jollibee Foods Corp. Chairman Tony Tan Caktiong ($1.9 billion), and Puregold Price Club’s Lucio and Susan Co ($1.7 billion).

President Duterte ally Dennis Uy of Mislatel Consortium is 22nd this year with a net worth of $650 million.

This year’s biggest gainer was Edgar Sia II, chairman of DoubleDragon Properties.

“He added $300 million, or 75 percent, to his net worth, which is now $700 million. That rise was partly due to the successful IPO of his MerryMart in June; shares of the grocer have nearly doubled since the listing as quarantine measures boosted sales,” Forbes said.

Forbes however said that half of the Filipino tycoons in the annual list “saw their collective wealth fall 22 percent to $60.6 billion as the COVID-19 pandemic disrupted the country’s economy.”

Amazon’s Jeff Bezos remain the wealthiest person in the world with a net worth of $113 billion.

Cosmetics mogul and reality television star Kylie Jenner maintained her spot as the youngest billionaire in the world.


Source: Manila Bulletin (https://mb.com.ph/2020/09/17/sy-siblings-remain-richest-person-in-ph/?utm_source=rss&utm_medium=rss&utm_campaign=sy-siblings-remain-richest-person-in-ph)

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