Thursday, August 1, 2013

2013 Top 50 Richest Filipino

I get curious to know who's the richest Filipino people when I read the top 5 richest Hollywood actress the other night. Although I don't really know some of their names, my interest is to know on what kind of businesses these persons are engaged and who's the youngest of them all.
Every year Forbes magazine and as published on their site issued top richest people in every countries and top billionaires in planet earth. 
This is what Forbes stated on how they rank the top richest people "We do not include royal family members or dictators who derive their fortunes entirely as a result of their position of power, nor do we include royalty who, often with large families, control the riches in trust for their nation.  Over the years Forbes has valued the fortunes of these wealthy despots, dictators and royals but have listed them separately as they do not truly reflect individual, entrepreneurial wealth that could be passed down to a younger generation or truly given away. Our estimates are a snapshot of wealth on Feb. 14, when we locked in stock prices and exchange rates from around the world. If a stock market wasn’t open on that day–as was the case with Taiwan, Saudi Arabia, Shanghai and Shenzhen–the stock price is from the previous trading day."

Who made it on the top 50 of the richest Filipino? 

 source of photo: Philippine Daily Inquirer

Henry Sy made it again on the top for 6 years straight.  Here are the list of top 50 richest people in the Philippines.

1. Henry Sy (SM group) - $12 billion
2. Lucio Tan (LT group) - $7.5 billion
3. Andrew Tan (Megaworld) - $4.6 billion
4. Enrique Razon (ICTSI) - $4.5 billion
5. John Gokongwei Jr. (JG Summit) - $3.4 billion
6. Jaime Zobel de Ayala (Ayala Corp.) - $3.1 billion
7. Aboitiz family (AEV) - $3 billion
8. David Consunji (DMCI) - $2.7 billion
9. George Ty (Metrobank) - $2.6 billion
10. Lucio & Susan Co (Puregold) - $1.9 billion
11. Tony Tan Caktiong (Jollibee) - $1.7 billion
12. Robert Coyiuto Jr. - $1.5 billion
13. Emilio Yap (Philtrust Bank) - $1.35 billion
14. Roberto Ongpin - $1.3 billion
15. Inigo & Mercedes Zobel - $1.2 billion
16. Manuel Villar (Vista Land) $1.05 billion
17. Andrew Gotianun (Filinvest) $1 billion
18. Beatrice Campos (Unilab) $900 million
19. Vivian Que Azcona (Mercury Drug) $840 million
20. Eduardo Cojuangco Jr. (San Miguel) $825 million
21. Alfonso Yuchengco - (Yuchengco group) $705 million
22. Oscar Lopez (Lopez Holdings) $675 million
23. Betty Ang (Monde Nissin) $600 million
24. Jorge Araneta (Araneta group) $505 million
25. Carlos Chan (Liwayway) $500 million
26. Michael Romero (Global Port 900) $490 million
27. Eric Recto $485 million
28. Mariano Tan Jr. (Unilab) $435 million
29. Frederick Dy (Security Bank) $290 million
30. Walter Brown (Atok-Big Wedge) $270 million
31. Ramon Ang (San Miguel) $260 million
32. Jose Antonio (Century Properties) $255 million
33. Wilfred Uytengsu Jr. $250 million
34. Manuel Zamora Jr. (Nickel Asia) $240 million
35. Jacinto Ng Sr. (Asia United Bank) $230 million
36. Alfredo Ramos (National Book Store) $225 million
37. Gilberto Duavit (GMA Network) $224 million
38. Menardo Jimenez (GMA Network) $223 million
39. Edgar Sia II (Mang Inasal founder) $210 million
40. Bienvenido Tantoco Sr. (Rustan's) $205 million
41. Felipe Gozon (GMA) $200 million
42. Alfredo Yao (Zest-O) $180 million
43. Michael Cosiquien (Megawide Construction) $175 million
44. Edgar Saavedra (Megwide) $170 million
45. Juliette Romualdez (Benguet Mining) $165 million
46. Tomas Alcantara (Alsons Consolidated) $160 million
47. Lourdes Montinola (FEU) $155 million
48. Luis Virata (Nickel Asia) $120 million
49. Philip Ang (Nickel Asia) $115 million
50. Manuel Pangilinan (PLDT, First Pacific) $105 million 

Aside from the wealth they have, another thing that really impressed me is a man at the age of 36 made it on 39! No other than Mang Inasal's founder Edgar Sia II.
Here are some tidbits I've read at Forbes about him.

Edgar Sia II
Grocer's son, Edgar Sia II founded Mang Inasal, a Filipino-style grilled chicken chain which he sold to Tony Tan Caktiong's (No.11) Jollibee Foods in 2010 for $65 million. Still owns 30% of the 500 outlet chain. Last year, he and Tan set up DoubleDragon Properties, to focus on the commercial and mass housing markets. New businesses include a franchise for China's budget hotel chain JinJiang Inns, set to open its first hotel in Manila this year. He also holds a minority stake in the Philippines Bank of Communications, where he is an advisor to the board. Shares wealth with younger brother Ferdinand and sister Rizza.
If maybe he still a bachelor, maraming maghahabol sa kanya, hehehe  but sorry ladies he is already married with 2 children.
Who knows 5, 10, 20 years from now you will be included on the list. May their stories serve as an inspiration to achieve our goals and dream cos I believe even them once in their life didn't expect that they will be made it on the top richest people in the Philippines. 
_________

"As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy. They are to do good, to be rich in good works, to be generous and ready to share" - I Timothy 6:17-18

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