Forbes’ 50 Richest Filipinos: Sy Siblings at the Top
SY SIBLINGS – The heirs to the late tycoon Henry Sy remain at the pinnacle of Forbes’ list of the 50 richest Filipinos for this year.
Teresita Sy Coson, Henry Sy Jr., and Hans, Herbert, and Harley Sy collectively have a net worth of $13 billion. This represents a drop from their $14.4 billion net worth in 2023, a decrease attributed primarily to the weaker peso affecting their wealth.
In second place is Enrique Razon Jr., a key figure in the ports industry, with a net worth of $11.1 billion. Razon’s wealth has surged due to a nearly 80 percent increase in shares of his company, International Container Terminal Services, which has seen significant growth amid a global trade rebound.
Manuel Villar, a prominent real estate developer, holds the third spot with a net worth of $10.9 billion. Forbes highlights Villar’s strategic expansion into high-rise apartments as a key factor in his wealth accumulation. His companies have effectively leveraged the strong property market, capitalizing on its current boom.
Ramon Ang, chairman of San Miguel Corporation, is in fourth place with a net worth of $3.8 billion. Under Ang’s leadership, San Miguel has diversified its portfolio to include substantial investments in infrastructure projects such as airports, toll roads, and power plants, which has contributed to his considerable net worth.
Isidro Consunji and his siblings, involved with DMCI Holdings, occupy the fifth position with a net worth of $3.4 billion. The top 10 list is rounded out by notable figures including Jollibee’s Tony Tan Caktiong, Lucio Tan, Jaime Zobel de Ayala, Puregold’s Lucio and Susan Co, and the Aboitiz family.
Meanwhile, the Forbes list of the richest individuals, published annually, ranks the wealthiest people worldwide and regionally. Key lists include the Forbes World’s Billionaires, detailing global billionaires’ net worth, and the Forbes 400, which focuses on the richest people in the U.S. Forbes also releases regional lists, such as the Richest Filipinos, and uses a mix of public and private data to estimate net worth across various sectors like technology, finance, real estate, and media.