Cover Manuel Villar Jnr (Photo: Willy Saw)
Manuel Villar Jnr (Photo: Willy Saw)
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Former Senate President and the man behind Vista Land & Lifescapes real estate empire, Manuel Villar Jnr, ranks highest among the Philippines' richest billionaires. See the full list here:
With markets gradually opening up as the country eases its COVID-19 restrictions, the Philippine economy bounces back on different fronts. Forbes has just released its global list of billionaires, amounting to a total of 2,668 richest individuals contributing USD 12.7 trillion cumulatively to the world's wealth. Considering the ongoing Russia-Ukraine war and its effects on the global economy, there were 34 fewer billionaires than last year and USD 400 billion less than in 2021's data.
Read more: 4 Billionaires Travelling To Space After Richard Branson
In the Philippines,17 made it to the global list in April and 22 billionaires were listed in September last year among the country's richest. This 2022, Asia's Most Influential 2021 lister Manuel Villar Jnr jumped to 263rd ranking in the global list with a net worth of USD 8.3 billion. This real estate tycoon recently had his media venture, Advanced Media Broadcasting Systems, take over ABS-CBN's broadcast frequencies thus further expanding his source of wealth.
Following Villar in the list are Enrique Razon Jnr and Henry Sy Jnr, who have also increased their net worth over the course of the year, landing on 369th and 1096th spots on the global list, respectively. Meanwhile, Andrew Tan plunged into the 1096th spot after having a decrease in his net worth of USD 3 billion last year.
Above Andrew Tan, Manny Villar, and Hans Sy (Artwork: Kryss Rubio)
Andrew Tan, Manny Villar, and Hans Sy (Artwork: Kryss Rubio)
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The full list includes:
Manuel Villar Jnr
Estimated net worth: $8.3 billion
Source of wealth: Real estate, retail, media
Enrique Razon Jnr
Estimated net worth: $6.7 billion
Source of wealth: Ports
Henry Sy Jnr
Estimated net worth: $2.8 billion
Source of wealth: Shopping mall development and management, retail, real estate development, banking, and tourism
Andrew Tan
Estimated net worth: $2.8 billion
Source of wealth: Food and beverage, gaming, and real estate
Hans Sy
Estimated net worth: $2.6 billion
Source of wealth: Shopping mall development and management, retail, real estate development, banking, and tourism
Herbert Sy
Estimated net worth: $2.6 billion
Source of wealth: Property, real estate development
Harley Sy
Estimated net worth: $2.4 billion
Source of wealth: Shopping mall development and management, retail, real estate development, banking, and tourism
Teresita Sy-Coson
Estimated net worth: $2.4 billion
Source of wealth: Shopping mall development and management, retail, real estate development, banking, and tourism
Elizabeth Sy
Estimated net worth: $2.4 billion
Source of wealth: Shopping mall development and management, retail, real estate development, banking, and tourism
Ramon Ang
Estimated net worth: $2 billion
Source of wealth: Food and beverage, manufacture, construction, oil, energy, and banking
Lance Gokongwei
Estimated net worth: $1.6 billion
Source of wealth: Airlines, retail, telecom, banking, food, power, and property
Tony Tan Caktiong & family
Estimated net worth: $1.3 billion
Source of wealth: Fast food restaurant chain, real estate development
Betty Ang
(new to the list)
Estimated net worth: $1.2 billion
Source of wealth: Food & beverage
Lucio Tan
Estimated net worth: $1.2 billion
Source of wealth: Tobacco, spirits, banking, property, and airlines
Maria Grace Uy
(new to the list)
Estimated net worth: $1.2 billion
Source of wealth: Telecommunications
Nari Genomal
(new to the list)
Estimated net worth: $1 billion
Source of wealth: Apparel and garment
Ramesh Genomal
(new to the list)
Estimated net worth: $1 billion
Source of wealth: Apparel and garment
Sunder Genomal
(new to the list)
Estimated net worth: $1 billion
Source of wealth: Apparel and garment
Roberto Ongpin
Estimated net worth: $1 billion
Source of wealth: Property, tobacco, investments
Dennis Anthony Uy
(new to the list)
Estimated net worth: $1 billion
Source of wealth: Telecom
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About
Before assuming the Art and Culture Editor position, Franz has always had a penchant for visual and performing arts. He is passionate about exploring and writing about the local cultural scene and rediscovering the country’s storied past and rich heritage. Besides working on this luxury lifestyle magazine, Franz is an avid book reader, local traveller, museum-goer, chorister, and community theatre playwright.
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Franz earned a degree in Journalism from the University of Santo Tomas. He writes about local visual and performing artists and their craft; drinks wines, liquors, and spirits and talks about the creativity of their respective winemakers and master blenders; tries to learn more about business and investments; respects the tradition and artistry that go behind the making of watches and jewellery; and appreciates the genius of architecture and creative design.
As head of Tatler Philippines’ pool of writers, he helps them bring impactful and socially relevant stories to light.
For any leads, you may reach him through @franzsorillaiv on Instagram or franz@tatlerphilippines.com via email.
