Sy siblings, Enrique Razon Jr., Manny Villar top Forbes’ 2024 list of Philippines’ 50 richest
By John Patrick Magno Ranara | PhilStar
Forbes has released its annual list of the 50 Filipinos who are the richest in the country, with the Sy siblings of the SM group remaining at the top.
Out of the 50 individuals on the list, 13 are from the Food and Beverage industry, five from Real Estate, four from Media and Entertainment, and three from Finance and Investments. Other industries include Logistics, Fashion and Retail, Construction and Engineering, Healthcare, Telecom, Metals and Mining, and Energy.
The six Sy siblings, Teresita, Elizabeth, Henry Jr., Hans, Herbert, and Harley, garnered a net worth of $13 billion (P745 billion). This is lower than their previous net worth of $14.4 billion (P809 billion) in 2023.
While they are followed by the same individuals who topped the 2023 list, casino owner Enrique Razon Jr. managed to overtake former senator and real estate tycoon Manuel Villar Jr. in second place.
Isidro Consunji and siblings, Lucio Tan, Jaime Zobel de Ayala and family, and Lucio and Susan Co have also moved up from their previous places.
Here are the names, net worths, and business interests of the individuals who made it to the top ten:
The Sy siblings
SM Prime website © Provided by PhilSTAR Life
Net worth: $13 billion (P745 billion)
Source of wealth: diversified, comprised largely of stakes held in the group’s publicly traded SM Investments and SM Prime
Enrique Razon Jr.
De La Salle Alumni Association website © Provided by PhilSTAR Life
Net worth: $11.1 billion (P636 billion)
Source of wealth: ports, chairman of International Container Terminal Services Inc., the Philippines’ largest ports operator by revenue
Manuel Villar
Manny Villar’s website © Provided by PhilSTAR Life
Net worth: $10.9 billion (P625 billion)
Source of wealth: real estate, chairman of property developer Vista Land & Lifescapes, developer Golden MV Holdings, mall operator Vistamalls, home improvement chain AllHome, supermarket chain AllDay Marts and Premiere Island Power REIT
Ramon Ang
Ramon Ang / Facebook © Provided by PhilSTAR Life
Net worth: $3.8 billion (P217 billion)
Source of wealth: food and beverage, chairman of San Miguel, one of the oldest conglomerates in the Philippines
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