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This is the 8th consecutive year that SM malls owner Henry Sy Sr. has topped the Forbes Philippines Rich List.
Forbes explained that “the net worth of Philippines’ richest are compiled based on stock prices and exchange rates as of the close of markets on August 14.”
The list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts, and other sources.
That said, the top 10 richest (and their net worth) in the Philippines are the following:
1) Henry Sy Sr. — USD$14.4 billion
2) John Gokongwei Jr. — USD$5.5 billion
3) Andrew Tan — USD$4.5 billion
4) Lucio Tan — USD$4.3 billion
5) Enrique Razon Jr. — USD$4.1 billion
6) George Ty — USD$4 billion
7) Aboitiz Family — USD$3.6 billion
8) Jaime Zobel de Ayala & family — USD$3.5 billion
9) David Consunji — USD$3.2 billion
10) Tony Tan Caktiong — USD$2.2 billion
Photo: Press release
