1. Manuel Villar, president of real estate developer Vista Land & Lifescapes
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Manuel Villar, president of Vista Land & Lifescapes. Photo from Wikipedia/Vllofficial |
Real estate tycoon Manuel Villar, 74, is the richest among the world’s Filipino billionaires. Forbes‘ list of billionaires in real time.
Much of his wealth is concentrated in real estate investment.
He currently chairs Vista Land & Lifescapes, a developer with six subsidiaries spanning multiple industries, including residential real estate, business and retail process outsourcing, resorts, hotels, clubs and spas.
Its most valuable investment is its stake in developer Golden MV Holdings, which specializes in multi-family housing projects and memorial parks.
Villar also plans to invest in the free-to-air television industry as well as a casino and theme park in Manila, the capital of the Philippines.
His net worth is estimated at $11 billion as of March 12, up $2.4 billion from the previous year, according to Forbes.
2. Enrique Razon Jr., president of port operator International Container Terminal Services
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Enrique Razon Jr., president of International Container Terminal Services. Photo from Wikipedia |
Enrique Razon Jr., 64, chairs the country’s main port management company, International Container Terminal Services.
The company was founded by his grandfather in 1916.
In addition to this, he also ventured into the real estate business with Bloomberry Resorts, the developer of the luxury resort Solaire Resort and Casino.
His net worth increased from $7.3 billion last year to $10 billion this year, according to Forbes.
3. Ramon Ang, President, Vice President and CEO of San Miguel Corporation
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Ramon Ang, President, Vice President and CEO of San Miguel Corporation. Photo from Ramon Ang’s Facebook |
Ramon Ang, 70, made his fortune through San Miguel, one of the country’s oldest conglomerates, the South China Morning Post reported.
The company started as a brewery and gradually grew to become a market leader in the food and beverage industry in the Philippines.
San Miguel then ventured into several sectors including electrical installations and infrastructure development.
He had a net worth of $3.5 billion as of March 12, which is $100 million more than in 2023. Forbes estimated.
4. Lucio Tan, founder and chairman of holding company LT Group
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Lucio Tan, founder and chairman of LT Group. Photo from Wikipedia |
Business tycoon Lucio Tan, 89, began his career with Asia Brewery in 1982.
At the time, it was the only brewery in the country besides San Miguel.
He then founded LT Group and made Asia Brewery its subsidiary.
Since then, he has invested in tobacco, liquor, beverages, banking and real estate development and amassed a net worth of $2.6 billion as of March 12, up $100 million from 2023 , according to Forbes.
5. Hans Sy, president of real estate developer SM Prime
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Hans Sy, president of SM Prime. Photo courtesy of the company |
Hans Sy, 68, and his five siblings inherited the SM Investments business and real estate fortune from his father, Henry Sy Sr.
He is the chairman and non-executive director of SM Prime, a subsidiary of conglomerate SM Investments.
SM Investments started as a small shoe store called ShoeMart in Manila.
Throughout the year, it grew into the country’s largest conglomerate, with investments in many areas, including hospitality, real estate, retail and banking, according to the company’s website .
Hans Sy also chairs private lender China Banking Corporation and the Philippine National University.
He gained $200 million in net worth this year, bringing his figure to $2.6 billion, according to Forbes.
Among the Sy siblings whose individual net worth ranges from $2 billion to $2.5 billion, Hans Sy is the richest.
