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Top 10 Richest People in the Philippines of 2015

/ March 12, 2015

Philippines, the exotic Island surrounded by the Philippines Sea and the South China Sea, has its own multi-billionaires and tycoons. Here’s the 10 Richest People in the Philippines of 2015, according to Forbes rich list.

#10 Robert Coyiuto, Jr. – Net worth: $2.1 Billion

Prudential Guarantee & Assurance is Robert Coyiuto’s family business. This private insurance business was started by his father. Currently Robert Coyiuto is the chairman of the company. The company has more than $7 billion in net premiums written.


#9 Lucio and Susan Co – Net Worth: $2.1 Billion

Starting with 1 hypermarket back in 1998, the powerful business succeeded into becoming the country’s second largest retailer, Puregold Price Club with over 150 hypermarkets today.


#8 Tony Tan Caktiong & family – Net Worth: $2.5 Billion

Tony Tan Caktiong is a 62-year-old self-made billionaire. The Manila-based business tycoon’s Jollibee Foods is looking to buy a US food company that is at least $1 billion in market value. Currently the company has also established in the US.


#7 David Consunji – Net Worth: $4 Billion

The self-made construction billionaire, started at the very bottom back in 1954 when he founded DMCI. Later he started building large. In his portfolio you’ll find landmarks such as a palace for the Sultan of Brunei.


#6 Lucio Tan & family – Net Worth: $4.5 Billion

Asia Brewery owner, Lucio Tan has stakes in Philip Morris-Fortune Tobacco, Philippine National Bank and Philippine Airlines as well.


#5 George Ty & family – Net Worth: $4.8 Billion

Philippines bank mogul, George Ty is the owner of Metrobank, Philippines second largest lender. He also has stakes in Toyota Motor Philippines and Philippine AXA Life Insurance.


#4 Andrew Tan – Net Worth: $5.1 Billion

Philippines’ tycoon Andrew Tan owns a fortune from holding firm Alliance Global Group with interests in food and beverage, real estate and gaming.


#3 Enrique Razon, Jr. – Net Worth: $5.1 Billion

With investments in ports and casinos, this billionaire inherited his fortune from his father who founded the International Container Terminal Services (ICTS). He expanded the business into a global port operator with 27 ports in 19 countries.


#2 John Gokongwei, Jr. – Net Worth: $6.1 Billion

The founder of conglomerate JG Summit, with investments in airlines, telecoms, property development, banking, hotels and power generation owns a retailer that was the country’s largest IPO in 2013,raising $620 million.


#1 Henry Sy & family – Net Worth: $14.4 Billion

The owner of SM Prime Holdings that operated the Mall of Asia, Henry Sy created a company with a recent market cap of $9.3 billion where he is the chairman and son Hans the group president.


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