Here are the Filipinos who made it to Forbes' 2023 billionaires list
Forbes has released its annual billionaires list as falling stocks, wounded unicorns and rising interest rates, the magazine said, translated into a down year for the world's wealthiest people.
According to Forbes' list comprising 2,660 individuals, Bernard Arnault of luxury goods conglomerate LVMH topped the list with $211 billion (P11.4 trillion). Tesla's Elon Musk and Amazon's Jeff Bezos followed with $180 billion (P9.7 trillion) and $114 billion (P6.2 trillion), respectively.
Fourteen Filipinos were also among the most affluent ones who made it to the billionaires list. Here are their names, their net worths, and their business interests.
Manny Villar
Networth: $8.6 billion (P467 billion)
Rank: 232
Source: property developer Vista Land & Lifescapes, real estate investment trust VistaREIT, developer Golden MV Holdings, mall operator Vistamalls, supermarket chain AllDay Marts
Forbes also noted that his family members are politicians: His wife Cynthia and their son Mark are senators, while their daughter Camille is a congresswoman from their hometown Las Piñas. Villar is a former congressman, house speaker, and Senate president.
Enrique Razon Jr.
Networth: $7.3 billion (P397 billion)
Rank: 312
Source: ports operator International Container Terminal Services, Solaire Resort and Casino, water utilities and renewable energy company Prime Infrastructure Capital
Ramon Ang
Networth: $3.4 billion (P184 billion)
Rank: 852
Source: food and beverage conglomerate San Miguel Corporation, power and infrastructure
Andrew Tan
Networth: $2.5 billion (P136 billion)
Rank: 1,217
Source: food and beverage, gaming, and real estate conglomerate Alliance Global
Sy silbings
The heirs of the late SM Supermalls head Henry Sy made it to the Forbes list with the following rankings and net worths:
- Henry Sy Jr. – 1,217th, $2.5 billion (P136 billion)
- Hans Sy, Herbert Sy – 1,272th, $2.4 billion (P130 billion)
- Harley Sy, Teresita Sy-Coson – 1,368th, $2.2 billion (P119 billion)
- Elizabeth Sy – 1,575th, $1.9 billion (P103 billion)
Lucio Tan
Networth: $2.4 billion (P130 billion)
Rank: 1,272
Source: LT Group, whose subsidiaries include Asia Brewery, Philippine Airlines, Philippine National Bank
Lance Gokongwei
Networth: $1.4 billion (P76 billion)
Rank: 2,020
Source: JG Summit Holdings Inc., whose interests include food, real estate and hospitality, air transportation, banking, and petrochemicals
Tony Tan Caktiong
Networth: $1.2 billion (P65 billion)
Rank: 2,259
Source: Jollibee Foods Corp., whose brands also include Chowking, Greenwich, Red Ribbon, Mang Inasal, Burger King, Dunkin’, and The Coffee Bean & Tea Leaf
Iñigo Zobel
Networth: $1 billion (P54 billion)
Rank: 2,540
Source: San Miguel Corp., Ayala Corporation, which has interests in real estate, finance, telecom, and healthcare.
Forbes said it calculated net worths based on stock prices and exchange rates from March 10.