Top 10 Richest People in the Philippines

Top 10 Richest People in the Philippines

A booming securities market has dilated the Philippines’ billionaires’ list to a record eleven, with the combined wealth of the forty richest conjointly striking Associate in Nursing incomparable high, Forbes.com same Th.

Even though the growth of the Philippines GDP has slowed

down to 4.9 per cent during the first quarter, the Philippine stock market has grown by more than 27% since last year, surpassing the 3800 high in 2007. This lifted the fortunes of the country’s richest to an all-time high. They’re collectively worth $34 billion, up from last year’s $22.8 billion.

In Forbes Top 40 Richest Filipinos, Henry Sy still remains at number one, growing his diverse SM empire from 2 Billion Dollars last year to more than 7.2 Billion Dollars this year- that’s roughly around 309 billion pesos. Lucio Tan still remains at far second place with a net worth of around 2.8 Billion Dollars.

A newcomer on the list right now is Roberto Ongpin, who had his net worth grew four folds to more than 1.3 Billion dollars. This is in part due to his investments in the Philippines Stock Market-listed mining company Atok Big Wedge.

Here are Your Top 10 Richest People in The Philippines 2019

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Top 10 Richest People in the Philippines

1. Henry Sy, 86

Shopping Mall King

Net Worth: 7.2 Billion Dollars

Company: SM Investments, SM Prime Holdings

2. Lucio Tan, 77

Tobacco Tycoon

Net Worth: 2.8 Billion Dollars

Company: Philippine Airlines, Fortune Tobacco

3. John Gokongwei, 83

Budget Airline Pioneer

Net Worth: 2.4 Billion Dollars

Company: RLC, Cebu Pacific, JGS

4. Andrew Tan, 58

Property Developer

Net Worth: 2 Billion Dollars

Company: Megaworld, AGI, Mcdonalds Philippines

5. David Consunji, 90

Construction Magnate

Net Worth: 1.9 Billion Dollars

Company: DMCI Holdings

6. Jaime Zobel De Ayala, 77

Businessman

Net Worth: 1.7 Billion Dollars

Company: Ayala Corp, Globe

7. Enrique Razon, at 51

The Port Operator

Net Worth: 1.6 Billion Dollars

Company: ICTSI

8. Eduardo Cojuangco, 76

San Miguel Chair

Net Worth: 1.4 Billion Dollars

Company: San Miguel

9. Roberto Ongpin, 74

Banker

Net Worth: 1.3 Billion Dollars

Company: Atok Big Wedge, Philweb, San Miguel

10. George Ty, 78

Businessman

Net Worth: 1.1 Billion Dollars

Company: Metrobank, Federal Land

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