Forbes Top 40 Of The Rp

[Call me bubba]

Below is the Philippines billionaires list: 1. Henry Sy $7.2 billion2. Lucio Tan $2.8 billion3. John Gokongwei Jr. $2.4 billion 4. Andrew Tan $2 billion5. David Consunji $1.9 billion6. Jaime Zobel de Ayala $1.7 billion7. Enrique Razon Jr. $1.6 billion8. Eduardo Cojuangco Jr. $1.4 billion9. Roberto Ongpin $1.3 billion10. George Ty $1.1 billion11. Tony Tan Caktiong $1 billion12. Inigo and Mercedes Zobel $980 million13. Emilio Yap $930 million14. Andrew Gotianun $795 million15. Jon Ramon Aboitiz $760 million16. Beatrice Campos $685 million17. Manuel Villar $620 million18. Vivian Que Azcona $555 million19. Robert Coyiuto Jr. $400 million20. Mariano Tan $375 million21. Alfonso Yuchengco $370 million22. Enrique Aboitiz $310 million23. Oscar Lopez $280 million24. Jose Antonio $245 million25. Eric Recto $200 million26. Gilberto Duavit $190 million 27. Menardo Jimenez $185 million28. Alfredo Ramos $180 million29. Betty Ang $165 million30. Felipe Gozon $163 million31. Tomas Alcantara $160 million32. Benjamin Romualdez $155 million33. Wilfred Uytengsu Jr. $150 million34. Manuel Zamora Jr. $145 million35. Jacinto Ng Sr. $115 million36. Frederick Dy $110 million37. Luis Virata $100 million38. Bienvenido Tantoco Sr. $95 million 39. Eugenio Lopez III $90 million40. Edgar Sia II $85 million. The annual listing said the country's 40 richest men are now worth a collective $34 billion, up from last year's $22.8 billion. Forbes said a 27% uptick in the stock exchange's composite index lifted the fortunes of the country’s richest to an all time high. It said there are now 11 billionaires in the Philippines this year, compared to only 5 last year. Forbes compiles the list based on information from individuals, stock exchanges, public documents and analysts as well as estimates of the privately held assets of the businessmen. The minimum net worth to make the list this year increased to $85 million, up from $50 million previously. For the fourth year in a row, Sy remained the Philippines' richest man with a net worth of $7.2 billion, up from $5 billion last year. Forbes said shares in SM Investments, the Sy family's largest asset, is up nearly 40%. Sy's listed property developer Belle Corp. is expected to open its first casino in Manila in 2012. Second on the list is tycoon Lucio Tan with an estimated $2.8 billion in assets, up from $2.1 billion in 2010. The 77-year-old tycoon owns a bevy of businesses which include Fortune Tobacco, Asia Brewery, and Hong-Kong based Eton Properties. Third on the list is JG Summit founder John Gokongwei Jr. The 83-year-old is worth $2.4 billion, up from his net worth last year of $1.5 billion. Fourth on the list is Alliance Global Group's Andrew Tan with an estimated net worth of $2 billion from last year's $1.2 billion. Fifth on the list is 90-year-old construction manage David Consunji, who has an estimated net worth of $1.9 billion from last year's $715 million. "He moved into top 5 as shares of his DMCI Holdings more than doubled in past year. Value of Semirara Mining nearly tripled," Forbes saidICTSI's Razon now a billionaire Forbes said the biggest gainer in percentage terms is former trade minister Roberto Ongpin, whose fortune soared more than fourfold to $1.3 billion. Forbes said most of that gain was thanks to an increase in his stake in listed miner Atok-Big Wedge, "though Ongpin says the company’s stock price overinflates its value." Another newly minted billionaire is port operator Enrique Razon Jr., who saw his net worth jump to $1.6 billion from $975 million last year. His International Container Terminal Service (ICTSI) has bought controlling stakes in two terminal ports, one in India's Tamil Nadu and one in Croatia. His private company, Bloomberry, also put $350 million into a hotel complex in Manila's Bagong Nayong Pilipino Entertainment City. Mang Inasal founder joins PH's richest Forbes, meanwhile, listed 4 newcomers to the richest list. They are: Jose Antonio, founder of high-end property developer Century Properties; Jacinto Ng Sr., founder of biscuit maker Rebisco; and 34-year-old Edgar Sia II, founder of Mang Inasal Mang Inasal is now the country's third largest fastfood chain, after Jollibee and Chowking. Last year, Jollibee purchased a 70% stake of Mang Inasal for $68 million, catapulting Sia's net worth to $85 million. He is ranked 40th in the Forbes list of richest Filipinos, and is the youngest in the list. Four from 2010 list didn’t make the cut, including Lourdes Montinola, whose family owns 41% of Far Eastern University; and Jesus Tambunting, who controls Planters Development Bank. Forbes said their gains couldn’t match the stellar performance of others on the list( format edited slightly from original publish )http://philnews.com/..._news_0622h.htmafter reading another article, i have found out some do contribute to philanthropy . :emostrongbow:( i wish to give credit when credit is due)Forbes Asia has named tycoon Lucio Tan as one of four top philanthropists in the Philippines RFM President and Chief Executive Jose Concepcion, Planters Development Bank Chairman and Chief Executive Jesus Tambunting, and Zuellig Group of Companies founder Stephen Zuellighttp://philnews.com/..._news_0622h.htm

Edited June 24, 2011 by ed villas

[Jake]

Hello Ed,Thank you for the information. Out of disbelief, I had to reread the article to verify that all the figures were in US dollars.Although you listed only a handful have donated to charities, it is still a sad state of affairs. Imagine if ALL of them justdonated only just one percent of the total "collective $34 billion", which is 340 million bucks, equivalent to 14.6 billion pesos. That should feed the poor and the oppressed for awhile. Respectfully -- Jake

[Art2ro]

Hello Ed,Thank you for the information. Out of disbelief, I had to reread the article to verify that all the figures were in US dollars.Although you listed only a handful have donated to charities, it is still a sad state of affairs. Imagine if ALL of them justdonated only just one percent of the total "collective $34 billion", which is 340 million bucks, equivalent to 14.6 billion pesos. That should feed the poor and the oppressed for awhile. Respectfully -- Jake

No one's twisting their arms, that's the way of the greedy S.O.B.s with no conscience where "the rich gets richer and the poor stays poor indefinitely"!

[ekimswish]

Yeah, I have a tendency to doubt these things. I think, in a country like the Philippines, many of them are worth a lot more than stated. Manny Pacquiao was listed at what amounts to $25million usd a few weeks back, ranking the richest lawmakers. I just read another article that said he's the second (virtually tied for first) highest paid non-American athlete last year, earning $52million for two fights. He's fought a lot more than that, been rich a lot longer, and has sooooo many business investments and assets, it's crazy. So when they tell me Manny's worth $25million, and he just made that same amount for fighting Mosley, I stop believing anything they tell me.