PHIL. TOP 40's

**chua_riwap** · December 15th, 2006 07:19 AM

Sy, Tan, Zobel Lead List of 40 Richest Pinoys

Inquirer
Last updated 04:10am (Mla time) 12/15/2006

MALL tycoon Henry Sy is one of three billionaires topping a list of the Philippines’ 40 richest persons who have a combined net worth of $16 billion, Forbes Magazine reported in its latest Asian edition. Forbes Asia released its first Philippines’ rich list, but said that as a group, the 40 wealthiest Filipinos are the least affluent when compared with their counterparts in the region.

The magazine attributed that to the Philippines’ chronic political instability and its small stock market, with an estimated capitalization of $50 billion.

The Dec. 25 issue appeared on the newsstands yesterday.

According to Forbes Asia, Sy has a net worth of $4.0 billion, followed by another Chinese-Filipino magnate, Lucio Tan, with a net worth of $2.3 billion.

Sy, 82, owns 27 shopping malls in the Philippines and several others in China. He also owns Banco de Oro Universal Bank and has substantial shares in China Banking Corp. and Equitable PCI Bank. He also owns Highlands Prime Holdings, a high-end property developer.

Tan, 72, owns Philippine Airlines, the country’s flag carrier. His business interests include tobacco (Fortune Tobacco Corp.), beer and liquor (Asia Brewery Inc. and Tanduay Holdings Inc.), and banking (Philippine National Bank and Allied Banking Corp). He also has extensive property holdings in Hong Kong, China and other parts of Asia.

Jaime Zobel de Ayala, 72, came in third on the Forbes list of richest Filipinos with a net worth of $2.0 billion. He is the patriarch of Ayala Corp., the Philippines’ oldest conglomerate, whose business interests include real estate and hotels (Ayala Land Inc.), financial services (Bank of the Philippine Islands), telecommunications (Globe Telecom Inc.), water infrastructure (Manila Water Co. Inc.), electronics and information technology (Integrated Microelectronics Inc. and Azalea Technology Investments Inc.) and automotive (Honda Cars Makati Inc. and Isuzu Automotive Dealership Inc.).

He retired in April and turned over business operations to his two sons.

The magazine also noted the story of John Gokongwei Jr., who ranked sixth on its list of richest Filipinos, with a net worth of $700 million.

After the death of his wealthy father at age 13, Gokongwei peddled thread, soap and candles during World War II. He put up a textile-importing company when he was 19. At the age of 30, he ventured into food manufacture and set up Universal Robina Corp. (URC). His empire expanded into what is now JG Summit Holdings Inc., whose subsidiaries include Cebu Pacific Air, Digital Telecommunications Philippines Inc., First Private Power Corp., JG Summit Petrochemical Corp., Litton Mills Inc., Robinsons Land Corp., Robinsons Savings Bank, Sun Cellular, United Industrial Corp. and URC.

Gokongwei, 80, retired in 2001. His brother James now serves as chair and chief executive officer of JG Summit, while his son Lance is president and chief operating officer.

Five women also appear on the list, the richest among them is Beatrice Campos, with a net worth of $160 million. Her late husband, Jose Yao Campos, founded United Laboratories. One of the country’s top pharmaceutical firms, Unilab, also provides health

THE TOP 40

1. Henry Sy - $4.0 billion
2. Lucio Tan - $2.3 billion
3. Jaime Zobel de Ayala - $2.0 billion
4. Eduardo Cojuangco - $840 million
5. George Ty - $830 million
6. John Gokongwei - $700 million
7. Tony Tan Caktiong - $575 million
8. Andrew Tan - $480 million
9. Emilio Yap - $350 million
10. Oscar Lopez - $315 million
11. Enrique Razon Jr. - $285 million
12. Andrew Gotianun - $280 million
13. Enrique Aboitiz - $275 million
14. Alfonso Yuchengco - $225 million
15. Menardo Jimenez - $210 million
15. Gilberto Duavit Jr. - $210 million
17. Ramon del Rosario - $205 million
18. Felipe Gozon - $180 million
19. Beatrice Campos - $160 million
20. Luis J. L. Virata - $150 million
21. David M. Consunji - $145 million
22. Bienvenido Tantoco Sr. $140 million
23. Betty Ang - $115 million
24. Manuel Villar - $110 million
25. Mariano Tan - $100 million
26. Rolando and Rosalinda Hortaleza - $90 million
27. Oscar Hilado - $85 million
28. Vivian Que Azcona - $80 million
29. Manuel Zamora - $75 million
30. Magdaleno Albarracin - $73 million
31. Jesus Tambunting - $70 million
32. Frederick Dy - $65 million
33. Tomas Alcantara - $60 million
34. Lourdes Montinola - $50 million
35. Salvador Zamorra - $45 million
36. Antonio Roxas - $40 million
37. Wilfred Steven Uytengsu Sr. - $38 million
38. Philip T. Ang - $35 million
39. Marixi Prieto - $30 million
40. Manuel Pangilinan - $25 million

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Akala ko, si Ayala ang pinaka mayaman sa Pinas. Si Henry Sy pala.
Si Villar, pang 24 sa "pinaka". Kumukolekta ba ng pork barrel ito?

**empy** · December 15th, 2006 07:40 AM

di yata umabot sa list si ILD ah.

bawi na lang next year compadre :hihihi:

**CVT** · December 15th, 2006 07:45 AM

Uyyyyyy!!!.... Humble talaga ang mga kapitbahay naming Senators, Congressmen, BIR Commissioners, Customs Officials, Police Superintendents, City Treasurers atbp....

Hindi sila nagpasama rito....... Ang babait nila talaga.....

:starwars:

**j_avonni** · December 15th, 2006 07:51 AM

Henry Sy is the number 1, while Tan and Ayala are DISTANT 2nd & 3rd respectively.

I didn't find my name!

**tsupermario** · December 15th, 2006 08:04 AM

:idea: i now have my dear santa wish!

**oldblue** · December 15th, 2006 09:24 AM

wow in dollars pa.

and to think hindi pa realistic declaration yan, iwas bir hehehe

**carlos** · December 15th, 2006 09:47 AM

di ba si Mikey Arroyo, something like 74 million net worth ang declaration nya? Considering that his films were flop. And claimed to have earned it from showbiz before(or after?) he cecame vice governor and congressman. Bakit wala sya sa listahan?Maybe proud of being humble.....hehehe

**claRkEnt** · December 15th, 2006 10:02 AM

Originally Posted by carlos

di ba si Mikey Arroyo, something like 74 million net worth ang declaration nya? Considering that his films were flop. And claimed to have earned it from showbiz before(or after?) he cecame vice governor and congressman. Bakit wala sya sa listahan?Maybe proud of being humble.....hehehe

Petot lang yung kanila (as declared) kaya di napasama sa list.

Yun bang Felipe Gozon, yung sa GMA-7?

Si Pacquiao, mga 50 laban pa, kasama na dyan... bwenas naman ni Jinky.