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.
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.
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.
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.
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.
Asia Brewery owner, Lucio Tan has stakes in Philip Morris-Fortune Tobacco, Philippine National Bank and Philippine Airlines as well.
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.
Philippines’ tycoon Andrew Tan owns a fortune from holding firm Alliance Global Group with interests in food and beverage, real estate and gaming.
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.
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.
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.