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The richest families in PH: Forbes bares it in the September 2015 issue

Discussion in 'Off-Topic' started by capslocked, Aug 30, 2015.

  1. The Please or Register to view links revealed the list of the 2015 Philippines’ richest families which can be found on their September 2015 issue together with their worth of assets.

    First in the Forbes list is the SM mogul, Henry Sy, 90, who has been unbeatable for eight straight years, with $14.4 Billion.

    According to Forbes, “The country’s richest man is even richer as the value of his publicly traded conglomerates, SM Investments and SM Prime Holdings, have increased by 17 percent and 20 percent, respectively over the past year.”

    Sy is the owner of the BDO unibank, which is the Philippines’ largest bank in terms of assets, loans, deposits, capital and trust funds, and is also a stakeholder of National Grid Corporation, an electricity company, as shared by Please or Register to view links.

    Meanwhile, John Gokongwei Jr. of the JG Summit group landed in 2nd place with an estimated net worth of $5.5 billion.

    Gokongwei companies have interests in food and beverage, real estate, airline, banking and petrochemicals which brought forth more profit as he rocketed from the fifth spot to second.

    In the third place is Andrew Tan with a net worth of $4.5 billion; with Lucio Tan of LT Group Inc. following on fourth slot with $4.3 billion.

    Fifth place is Enrique Razon Jr., of Container Terminal Services Inc. and Bloomberry Resorts Corp., an integrated gaming operator, who has an estimated net worth of $4.1 billion.

    George Ty, on the sixth place, has an estimated net worth of $4 billion. Ty is the behind the success of GT Capital Holdings known for its banking, power generation, real estate, car manufacturing and distribution and bancassurance.

    Seventh place is the Aboitiz family with an estimated fortune of $3.6 billion coming from their power and banking businesses while Jaime Zobel de Ayala came on eight with an estimated $3.5 billion; David Consunji is on the ninth, with an estimated net worth of $3.2 billion.

    On the tenth place is Tony Tan Caktiong of Jollibee with $2.2 billion.

    Completing the 50 spot, here is the complete list together with their net worth:

    11. Lucio and Susan Co – $1.7 billion

    12. Robert Coyiuto Jr. – $1.6 billion

    13. Manuel Villar – $1.5 billion

    14. Yap family – $1.4 billion

    15. Alfredo Yao -$1.3 billion

    16. Dean Lao – $1.1 billion

    17. Oscar Lopez – $1 billion

    18. Andrew Gotianun – $910 million

    19. Betty Ang – $905 million

    20. Roberto Ongpin – $900 million

    21. Inigo and Mercedes Zobel – $870 million

    22. Vivian Que Azcona – $780 million

    23. Eduardo Cojuanco – $770 million

    24. Beatrice Campos – $740 million

    25. Ricardo Po Family – $640 million

    26. George Araneta – $560 million

    27. Carlos Chan – $550 million

    28. Mariano Tan Jr. – $520 million

    29. Ramon Ang – $510 million

    30. Alfonso Yuchengco – $500 million

    31. Bienvinido Tantoco Sr. – $480 million

    32. Ramon Zamora – $450 million

    33. Concepcion Family $400 million

    34. Edgar Sia – $390 million

    35. Frederick Dy – $310 million

    36. Jacinto Ng – $275 million

    37. Tomas Alcantara – $270 million

    38. Fred Elizalde – $260 million

    39. Wilfred Steven Uytengsu Jr. – $255 million

    40. Eric Recto – $240 million

    41. Philip Ang – $230 million

    42. Luis Virata – $225 million

    43. Jose Antonio – $220 million

    44. PJ Lhuillier – $175 million

    45. Gilberto Duavit – $170 million

    46. Menardo Jimenez – $165 million

    47. Juliette Romualdez -$160 million

    48. Felipe Gozon – $155 million

    49. Walter Brown – $140 million

    50. Alfredo Ramos – $120 million

    Apparently, boxing hero, Manny Pacquiao had been considered in the list after he earned $160 million from the fight against Floyd Mayweather.

    However, according to Forbes, “after figuring U.S. and Philippine income taxes and considering management fees exceeding 20% on earnings, the remaining income doesn’t quite get him into this ring yet.”
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