Meet the Philippines’ richest; Sy family still leads the pack
Provided by Philippine Daily Inquirer.
MANILA, Philippines — The Sy family, heirs to the SM group built by the late retail tycoon Henry Sy Sr., remains the richest in the country despite their fortune falling by $1.2 billion — the biggest drop in dollar terms — to $11.8 billion.
This is according to Forbes Asia magazine's latest list of the 50 wealthiest group in the country.
READ: SMIC expects rosy second half after record-setting H1
Ports and casino billionaire Enrique Razon Jr. remained at No. 2 with a modest increase in his net worth to $11.5 billion, while property tycoon Manuel Villar kept his status as the country’s third-richest with a net worth of $11 billion, amid the transformation of his mass-housing and memorial park developer Golden MV Holdings into Villar Land Holdings.
READ: Manny Villar’s southern ‘megalopolis’ gaining ground
Ramon Ang of San Miguel conglomerate, with a fortune of $3.75 billion, is the fourth richest.
Rounding out the top five are Isidro Consunji and siblings of DMCI Holdings, whose net worth rose to $3.7 billion.
Recording the biggest gain in percentage terms were husband and wife Dennis Anthony and Maria Grace Uy (No. 16), cofounders of broadband services provider Converge ICT Solutions. Their combined net worth surged 74 percent to $1.6 billion.
READ: Converge transitioning from telco to ‘techco’
Top 10 list
1) Sy siblings; US$11.8 billion
2) Enrique Razon Jr.; $11.5 billion
3) Manuel Villar; $11 billion
4) Ramon Ang; $3.75 billion
5) Isidro Consunji & siblings; $3.7 billion
6) Que Azcona family; $3.6 billion
7) Jaime Zobel de Ayala; $3.4 billion
8) Lucio Tan; $3.2 billion
9) Lucio & Susan Co; $3 billion
10) Tony Tan Caktiong; $2.9 billion - /dda
(2025/08/07-09:23)
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