American business magazine Forbes reveals Filipino Billionaires in 2024. Here are the names!
FILIPINO BILLIONAIRES 2024 – Manuel Villar leads the pack as several Filipinos have made it to the list of the richest people around the world.
In the list from the business magazine Forbes, we now have 2,781 billionaires across the world. 813 billionaires are from the USA, 473 billionaires are from China plus Hong Kong, and 200 are from India. The digits of these wealthy people continued to swell despite geopolitical unrest and “lingering inflation”.
The richest person in the world is France’s Bernard Arnault and family. They own the luxury goods firm LVMH (Louis Vuitton) with the net worth of $222.4 billion followed by Amazon’s Jeff Bezos ($198.7 billion), Tesla/SpaceX’s Elon Musk ($190.2 billion), and Facebook’s Mark Zuckerberg ($174.4 billion).
From the list, 16 of them are from the Philippines! The Pinoy billionaires are:
- Manny Villar on 190th with $11 billion
He is the chairman of Vista Land & Lifescapes and owns several others such as Vistamalls, AllHome, AllDay Marts, and Premiere Island Power REIT. Villar was also the richest in 2021. - Enrique Razon Jr. on 224th with $10 billion
He is the chairman of International Container Terminal Services (ICTSI), a big and famous port operator in the Philippines. - Ramon Ang on 920th with $3.5 billion
He is the president and vice chairman of San Miguel Corp. - Hans Sy on 1286th with $2.6 billion
He is the 4th child of late Henry Sy Sr., founder of SM Investments. He and his siblings are part of this list with a combined wealth of $14 billion. - Henry Sy Jr. on 1330th with $2.5 billion
He is the eldest of Henry Sy Sr. and is currently the co-vice chairman of SM Investments and chairman of SM Prime. - Herbert Sy on 1330th with $2.5 billion
He is the second-youngest among the six Sy siblings. He is an adviser in SM Investments and director at SM Prime. - Lucio Tan on 1330th with $2.5 billion
He is the founder and chairman of LT Group, a conglomerate that holds interests such as tobacco, spirits, banking, and property development. - Harley Sy on 1380th with $2.4 billion
He is the youngest among Sy siblings and currently the executive director of SM Investments, director at China Banking, adviser at BDO Private Bank, and co-vice chairman at SM Retail. - Teresita Sy-Coson on 1438th with $2.3 billion
She is the eldest and is currently the vice chairperson at SM Investments and chairperson at BDO Unibank.. - Elizabeth Sy on 1545th with $2.1 billion
She is the second among the Sy siblings and she is an advisor at SM Investments since 2012. She is also the president and chairman at SM Hotels and Conventions Corp. - Andrew Tan on 1623rd with $2 billion
He is the leader of Alliance Global. His holding company has investments in food and beverage, gaming, hospitality, and real estate sectors. - Tony Tan Caktiong on 2152nd with $1.4 billion
He is the founder and chairman of Jollibee Corp. This fast-food restaurant now has 3,300 food outlets in the Philippines and over 3,400 stores internationally. - Lucio Co on 2410th with $1.2 billion
He and his wife Susan serve as the chairman of Puregold Price Club. From one store since its establishment, it now has over 500 stores throughout the country. - Susan Co on 2545th with $1.1 billion
She is the vice-chairman of Puregold Price Club. - Lance Gokongwei on 2545th with $1.1 billion
He is the only son of late John Gokongwei Jr., the founder of JG Summit which has interests in airlines, telecommunications, banking, food, power, property, and retail. - William Belo on 2692nd with $1 billion
He is the founder and chair emeritus of home improvement company Wilcon Depot.
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