top 100 richest man in the philippines 2018

The September 2018 issue of Forbes Asia Magazine revealed the names of the wealthiest people in the Philippines. Lance is also the CEO of the group's Robinsons Land, Robinsons Retail and budget airline Cebu Airline, which became the country's largest carrier under his helm. Henry Sy, Sr., the man behind the SM Group of Companies, was named the Philippines’ richest man anew, leading 11 other Filipinos in the world’s wealthiest list, according to a ranking published by Forbes Magazine.. Amazon CEO Jeff Bezos led the annual ranking with a fortune of $112 billion, becoming the first person to top $100 billion on the list. Sen. Villar is the only billionaire senator in the Philippines with a total net worth of … Forbes list of the top 10 richest people in the Philippines for 2020 is finally out! Lance Gokongwei is now CEO of JG Summit Holdings Inc. (Photo: Veejay Villafranca/Bloomberg). While most of the names have remained the same since last year, there are a few new ones who made it into this ultra-exclusive list this year. Forbes’ 33rd annual ranking of the world’s billionaires counted 2,153 billionaires globally this year, down from 2,208 in 2018. She holds dual citizenship in the Philippines and the U.S. (Photo: David Paul... [+] Morris/Bloomberg). The Philippines boasts the label "Asia's triathlon capital" thanks to the Alaska Milk chairman. The oldest billionaire is Singapore's Chang Yun Chung at 99, with a net worth of $1.9 billion or P 98.85 billion. Subscribe to Forbes Asia. In ascending order ... 10 Best-Paying Jobs In Singapore 2018, Apart From Businessman Or Politician. Andrew Tan. Now they'll deliver COVID-19 vaccines, Disney stock hits all-time high thanks to streaming strength, Pfizer and Moderna could score $32 billion in COVID-19 vaccine sales -- in 2021 alone. This story appears in the September 2018 issue of Forbes Asia. When I'm not editing, I write about entrepreneurs across the region. Email tips and story ideas to grace.chung@forbes.com; fluent in Korean. Here's the Forbes list of the richest people with their estimated net worth: 1. Next is Microsoft's Bill Gates with $90 billion or P 4.68 trillion net worth. Uytengsu's Sunrise Events group brought the iconic Ironman races to the country a decade ago and has expanded to six headline-grabbing events. Calamba City, where many factories are located, is also in the top 10 with P4.69 billion equity. Founded in 1977, Natori, 71, now owns a factory in eastern Metro Manila with 500 workers and saw an estimated $200 million in annual sales last year. All Rights Reserved, This is a BETA experience. Khin Shwe. Forbes listed 2,208 billionaires worldwide, collectively worth $9.1 trillion or P 473.2 trillion. Henry Sy Sr. was the Philippines' richest person for 11 consecutive years, with an estimated net worth of $18.3 billion in 2018. The company, founded by his father (now No. See the full list here.. With Neerja Jetley, Jane Peterson and Anu Raghunathan. #10 Vice Ganda (Net worth: ₱75 Million) It’s Showtime host, Vice Ganda or Jose Marie Viceral in real life, is known for being witty, funny, and RICH. Her son Kenneth runs the show as president and is focused on growing online sales. The Forbes 400 Richest Americans list has been published annually since 1982. It was a volatile year for the Philippines 50 richest: more than a third saw their totals shift 20% or more, shaking up our ranking and enabling five to make their debut. On top for the sixth straight year is mall tycoon Henry Sy, with a $12 billion net worth - a $2.9 billion increase from a year ago. Now, six decades after his humble beginnings, Henry Sy, the small-time “Cabisé” in white camisa-Chino (a cotton-knit undershirt) is the richest man in the Philippines. © 2020 Forbes Media LLC. More On Forbes: Philippines' Richest 2018: Billionaire Builders Push Ahead With Infrastructure Projects, Tony Tan Caktiong's Jollibee Foods is the fastest-growing Asian restaurant chain. Largest Companies in the Philippines by Market Capitalization. Worth $5.5 billion, Villar is the chairman of Starmalls, one of Philippines’ largest mall operators and Vista and Landscapes, the country’s largest home builder. Rex is the CEO of Exxon Mobile and is also one of the top 25 richest people in the United States. Interestingly, the “biggest” company in the Philippines, as of February 2018, is actually not a local company, but a Canadian company: Manulife Financial Corporation (MFC). Manny Villar (P233.3 billion) Manny Villar’s Net Worth: $4.7 billion or P233.3 billion (in July 2020) … Turner Broadcasting System, Inc. All rights reserved. Two cities in Mindanao made it to the top 10: Zamboanga City with P10.464 billion, and Cagayan de Oro City with P4.67 billion. The number from past eight years Henry Sy is an inspiration to every business tycoon out there in Asian countries. With Neerja Jetley, Jane Peterson and Anu Raghunathan. The top 10 richest cities in the Philippines More On Forbes: Philippines' Richest 2018: Billionaires Making Headlines In the end, the 2018 barrier to entry was $125 million, up from $120 million a year ago. Sy has a net worth of $20 billion (P1 trillion), nearly double from last year’s $12.7 billion, and ranked 52 nd worldwide. Another top professional is the talented banker and Ayala Corp. chief finance officer Jose Teodoro “TG” Limcaoco, whose family owns Luzon Development Bank, Hertz Philippines… Lucio C. Tan is a Billionaire Filipino businessman and educator, who … Metro Manila (CNN Philippines, March 7) — Retail magnate Henry Sy is still the richest person in the country with a net worth of $20 billion or P1.04 trillion, according to … You may opt-out by, Philippines' Richest 2018: Billionaire Builders Push Ahead With Infrastructure Projects, eastern Metro Manila with 500 workers and saw, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, one of 25 women on our inaugural Emergent Women’s list in May. Natori, who started playing the piano at age 9, once performed at Carnegie Hall for her 50th birthday. In this video shows the Top 10 Richest People in the Philippines 2018. The chairman of Starmalls, one of Philippines' largest mall operators, Villar succeeded … He succeeded Henry Sy Sr. who had been in the Forbes list as the country’s richest Filipino for 11 years in a row. Cynthia Villar. Here are the richest Filipino celebrities today having a net worth of ₱75M and above. (Esquire Philippines is published by Summit Media, which is owned by members of … Behind it in second place is mineral-rich Compostela Valley with $380 million, followed by Batangas with $350 million and Rizal with $348 million. This is the 11th year in a row Sy topped the list of the richest people in the Philippines. Based in New York, I cover wealth for Forbes Asia and oversee some of our 12 country rich list projects. His company has stakes in the retail, banking, and property sectors. The 91-year-old Gokongwei Jr. of conglomerate JG Summit has interests in airline, banking, food, hotels, power, chemicals, real estate, and telecommunications. Tony Tan Caktiong. This story is part of Forbes' coverage of Philippines' Richest 2018. The List Manuel Villar. Hailing from South Korea, with a net worth of $40.8 B, the family derives … Daughter Lorraine Belo-Cincochan, who was one of 25 women on our inaugural Emergent Women’s list in May, joined the company in 2000 and is now its president and chief executive. Myanmar Richest: Top 10 Richest People in Myanmar 2018 Here are the top 10 Richest People in Myanmar. We've spotlighted two of those newcomers below, along with three other entrepreneurs who had an eventful year. Top 10 Richest Celebrities in the Philippines And their Net Worth. CNN and the CNN logo are registered marks of Cable News Network, Inc., displayed with permission. The restaurant tycoon who chairs the $5 billion (market cap) Jollibee Foods is on a global expansion spree this year. It also retails electrical, plumbing, houseware and furniture products through its own brands. Interestingly, the youngest billionaires are siblings from Norway, Katharina and Alexandra Andresen, aged 22 and 21. Sy is the chairman emeritus of the country's largest retailer, SM Investments Corporation. See the full list here. Metro Manila (CNN Philippines, March 7) — Retail magnate Henry Sy is still the richest person in the country with a net worth of $20 billion or P1.04 trillion, according to business magazine Forbes. Lucio Tan – $ 4.1 Billion. She was the first woman vice president in corporate finance at Merrill Lynch. 2020. Forbes list of the richest billionaires in the world indicates that there are today 2,153 billionaires. The only city in the Visayas on the top 10 list is Cebu City with P7.855 billion equity. While the poverty incidence in the Philippines has eased in the first semester of 2015, residents of many provinces remain poor and do not have the income needed to meet basic food and non-food needs.. 3 on our list) in 1957, has interests ranging from banking and real estate to airlines, telecommunications, power and food. He is 404th richest worldwide. This story is part of Forbes' coverage of Philippines' Richest 2018. As part of the shift, the 51-year-old transitioned from CEO to chairman of the group's food and beverage unit, Universal Robina. He… Its current market cap is P1.83 Trillion. Written by Marc Adrian. In April, Jollibee, which spans 12 restaurant brands, swallowed an additional 45% stake in U.S. chain Smashburger in a $100 million deal. Based in New York, I cover wealth for Forbes Asia and oversee some of our 12 country rich list projects. Since joining Forbes in 2014, I've worked from New York and Singapore and focused primarily on our wealth coverage; An invaluable part of my experience came from helping produce our flagship lists: The World's Billionaires, the Forbes 400 and America's Richest Self-Made Women. 22. Tan is also looking to open a store in Manhattan under its Jollibee brand, selling chicken and burgers. Below you will find a dynamically updated, real time listing of the 100 richest people in the world today. In its annual list called “Philippines’ 50 Richest”, the said magazine named the richest people in the country based on their current net worth. This is a list of top 100 richest people in the world as of 2020 according to … ADVERTISEMENT. In August the Asia-Pacific Championship of Ironman in Cebu drew 2,500 triathletes from 52 countries. He is also one of the oldest billionaires in the world at 93 years old. Another, in London, is slated this year. His net worth dropped from $5.8 billion in 2018 to $5.1 billion this year. From a stand-up comedian to a noontime show host, a recording artist, a fashion icon, and a box- office king, Vice Ganda seems to have all the talents needed to achieve such a huge success in the showbiz industry. Henry Sy (SM group) - $12 billion 2. Ramon Ang. "Bringing in foreign athletes helps expand sports tourism and make the Philippines a destination," says 57-year-old Uytengsu, a 20-year veteran of triathlon sports. MANILA (UPDATE) - Tycoon and former Senate president Manny Villar is now the richest man in the Philippines, Forbes Magazine said Tuesday.. Villar has a net worth of $5.5 billion, up from last year's $5 billion, and ranked 317th worldwide, Forbes said in its 2019 ranking of the world’s billionaires.. Belo started the company with a 645-square-feet shop in Quezon City in 1977 and is now its chairman emeritus. Each has a net worth of $1.4 billion, which they inherited from family-owned investment company Ferd. Founder of big-box retailer Wilcon Depot saw his shares more than double since its initial public offering in March 2017, boosting its market cap to some $880 million. Former senator Ramon Bong Revilla Jr., born Jose Marie Mortel Bautista, has been making hit action movies since 1983. Alaska Milk chairman Wilfred Steven Uytengsu Jr. brought the Ironman races to Asia. These are the richest known people in Myanmar. One of the 100 richest people in Dallas, Texas is Rex Tillerson. © 2015 Nine Media Corp. CNN name, logo and all associated elements ™ and © 2015 Cable News Network. John Gokongwei Jr., the country’s second richest man, recorded the largest decrease of wealth in a year at 12.1 percent. Her wealth includes real estate in New York's Westchester County, Manhattan and Palm Beach. As editor of our philanthropy list, I am interested in knowing. William Belo, the founder of Wilcon Depot makes his debut on the list at no. Armed with a $230 million war chest, he's looking to open 500 stores--at least 200 outside the Philippines; he is focused on Vietnam – where the chain already has more than 100 stores. In April John Gokongwei Jr.'s only son was elevated to chief executive of JG Summit Holdings, the Philippines' second-largest family-run conglomerate. The self-made business tycoon also ranked the 52nd richest worldwide for 2018. There a little information regarding their net worth and sources of wealth. The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. This is a list of wealthy Americans ranked by net worth.It is based on an annual assessment of wealth and assets by Forbes and by data from the Bloomberg Billionaires Index.. Lee (Byung-Chull) family. SUBSCRIBE https://www.youtube.com/c/MetroWorldTV 1. In the past year, this "McDonald's of the Philippines" also ventured into Europe with a store in Milan. As of September 2020, according to Forbes, the top 17 billionaires are as follows: Enrique Razon, Jr. Lance Gokongwei & Siblings. The fashion designer behind The Natori Co. retails her fashion, lingerie and lifestyle brand through U.S. department stores such as Saks Fifth Avenue, Bloomingdales and Neiman Marcus. As editor of our philanthropy list, I am interested in knowing how Asia's business leaders spend their money toward altruistic causes. Khin Shwe has served as a Member of Parliament from 2011 to 2016. A nonfamily member was appointed to the post, a first for a Summit core company. Next to Sy is John Gokongwei, Jr., with a net worth of $5.8 B or P 301.54 billion. Among provinces, Cebu remains the richest with $690 million in total assets in 2018, which is $30 million over the 2017 record of $660 million. His net worth is almost double compared to last year, which was at $12.7 billion or P 660.26 billion. Separately, Alaska Milk  sponsors the popular “IronKids” triathlon races throughout the Philippines, offering tips on training, motivation and commitment. Fashion designer Josie Natori is number 45 on the list. For the more than 500 kids who compete per race, Uytengsu believes the program inspires a “healthy and active lifestyle.”  His fortune comes from the sale of his family's Alaska Milk to a Dutch company in 2012. Highest equity: Here are other business tycoons in the Philippines included in the list: Meanwhile, 54-year-old Jeff Bezos of U.S.-based electronic commerce company Amazon topped the list of the world's richest, with a net worth of $112 billion or P5.8 trillion. The richest family in Asia started its business with just $100. Pound heading for a crash if Britain fails to get a Brexit trade deal, These containers used to ship fresh tuna. Wilcon, which sells home improvement and construction products, boasts 43 stores across the country and had $27 million in net income and $340 million in sales last year. Gokongwei ranked the 305th richest worldwide. Forbes magazine has released its list of top 50 richest people in the Philippines. These are the top 100 richest people in the world today. 10. Port magnate Enrique Razon, Jr. ranked third in the country, with a net worth of $4.9 B or P 254.75 billion. Along with three other entrepreneurs who had an eventful year people in the indicates... Little information regarding their net worth of ₱75M and above has interests ranging from banking and real in... The Asia-Pacific Championship of Ironman in Cebu drew 2,500 triathletes from 52 countries trillion! Ascending order... 10 Best-Paying Jobs in Singapore 2018, Apart from Businessman or.. List has been published annually since 1982 list here.. with Neerja Jetley, Jane and... 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Bill Gates with $ 90 billion or P 254.75 billion Celebrities in the Philippines and U.S! Tan is also in the Philippines ' richest 2018 are siblings from Norway, Katharina and Andresen. 10 list is Cebu City with P7.855 billion equity 2018 issue of Forbes ' coverage of '... Retails electrical, plumbing, houseware and furniture products through its own.!, this `` McDonald 's of the wealthiest people in the Philippines for 2020 is finally!... Jollibee Foods is on a global expansion spree this year, which they inherited from family-owned investment company.! Its business with just $ 100 cover wealth for Forbes Asia in Singapore 2018, Apart from or! In ascending order... 10 Best-Paying Jobs in Singapore 2018, Apart from Businessman or Politician 's leaders. To chairman of the shift, the youngest billionaires are siblings from Norway, and. Richest billionaires in the September 2018 issue of Forbes Asia Magazine revealed the names of the group 's and. 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