Forbes Magazine recognized the business tycoon Henry Sy as the wealthiest man in the Philippines owning at least $7.2 billion at present.
Forbes yearly features the list of wealthiest man in the world after analysing individual monetary information along with their public documents as well as their private business (–foul word(s) removed–)ets.
Henry Sy, 86, was listed on top among the 11 Filipino billionaires enumerated this year. Previously, the Forbes Magazine listed only five Filipino wealthiest individuals in accordance to all their personal possessions.
For four consecutive years, Sy was able to maintain his topmost rank as his total (–foul word(s) removed–)ets increased from $5 billion to $7.2 billion. The SM Investments in which the Sy family acquire their biggest shares continue to fly high. Moreover, this Filipino businessman holds the Belle Corporation that looks forward to build the first ever casino to stand in the Philippine capital which is Manila.
Second on the list is recognized to be the 77-year-old businessman in the name of Lucio Tan having $2.8 billion estimated (–foul word(s) removed–)ets. Being the owner of several huge businesses namely Asia Brewery, Eton Properties Hong Kong as well as the Fortune Tobacco, Tan also deserves to be called as one of the wealthiest men of the country.
Top three on the list will be John Gokongwei Jr, 83, of JG Summit gaining at least $2.4 billion net worth. Number four on the rank is Andrew Tan holing the Alliance Global Group with $2 billion (–foul word(s) removed–)sed net worth.
Ranked as the fifth richest man of the Philippines is David Consunji who is 90 years old having a net worth of $1.9 billion.
Meanwhile, the 6th place goes to Jaime Zobel de Ayala followed by Enrique Razon Jr for the seventh rank. On the eighth place comes Eduardo Cojuangco Jr. Next to him are Roberto Ongpin, George Ty and Tony Tan Caktiong respectively.
