The Philippines is home to some of the richest people in Southeast Asia. These billionaires have amassed huge fortunes in industries such as real estate, logistics, food and retail.
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Their success not only showcases the opportunities in the Philippine economy but also highlights their contribution to job creation and national growth.
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Globally, the Philippines is far from the richest country, but its wealthiest citizens play an important role in boosting the country’s economic status. The Shih siblings top the list with a net worth of $13 billion, having amassed their wealth through their diverse business empires.
In the upcoming list, we will examine the details of the top 10 richest people in the Philippines in 2024, giving an in-depth look at their net worth, affiliates, industry, and geography.
This exploration will reveal the dynamics and economic influence of wealth distribution in the Philippine business landscape.
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Top 10 richest people in the Philippines in 2024
Here is a list of the top 10 richest people in the Philippines, according to Forbes. These billionaires have amassed their wealth in a variety of industries including logistics, real estate, food and beverage, construction and retail. The list includes:
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|
rank |
Name |
net worth |
industry |
|
1 |
Siblings |
$13 B |
Diversification |
|
2 |
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$11.1 B |
logistics |
|
3 |
Manuel Villar |
$10.9 B |
real estate |
|
4 |
Ramon Ang |
$3.8 B |
Food and Beverage |
|
5 |
Isidro Consugi and brothers and sisters |
$3.4 B |
Architecture and Engineering |
|
6 |
Tony Chan Kyuk Chung and family |
$2.9 B |
Food and Beverage |
|
7 |
Chen Yongxiong |
$2.65 B |
Diversification |
|
8 |
Jaime Zobel de Ayala and family |
$2.6 B |
Diversification |
|
9 |
Lucio and Susan Company |
$2.3 B |
fashion & retail |
|
10 |
abuitiz family |
$2.2 B |
Diversification |
Source: Forbes
- The Sy siblings are the richest people in the Philippines, with a net worth of $13 billion. Their wealth comes largely from SM Investments and SM Prime, two companies that are expanding into geothermal energy projects.
- Enrique Razon Jr. ranks second with a net worth of $11.1 billion. He is an important player in the casino and port industry, particularly through his company International Container Terminal Services (ICTSI). His wealth increased by $3 billion in 2024, thanks to an 80% rise in ICTSI stock and a 36% rise in first-quarter 2024 profits.
- Manuel Villar ranks third with a net worth of $10.9 billion. His fortune grew by $1.2 billion as his companies, Vista Land & Lifescapes and Golden MV Holdings, took advantage of the real estate market.
- Ramon Ang ranks fourth with a net worth of $3.8 billion. He entered the food and beverage industry through San Miguel Corporation, which has now diversified into energy and infrastructure.
- Isidro Consunji & Siblings ranks fifth with a net worth of $3.4 billion, mainly from construction and engineering businesses.
- Tony Tan Caktiong, whose family ranks sixth with a net worth of $2.9 billion, is best known for Jollibee Foods Corporation, which continues to expand its global footprint.
- Lucio Tan ranks seventh with a net worth of US$2.65 billion and is involved in diversified businesses such as tobacco and banking.
- Jaime Zobel de Ayala & Family ranks eighth with a net worth of $2.6 billion. They are best known for Ayala Corporation, which has interests in real estate, banking and telecommunications.
- Lucio & Susan Co, ranked ninth with a net worth of $2.3 billion, is involved in fashion and retail through business ventures.
- The Aboitiz family ranks 10th with a net worth of $2.2 billion. Their wealth comes from diversified investments in power generation and infrastructure.
The collective wealth of the top 50 richest people in the Philippines is approximately $90.8 billion, which has increased little compared to previous years due to economic challenges such as inflation and currency depreciation.
To ensure accuracy and timeliness, the net assets in this list are based on stock prices and exchange rates as of the close of business on December 6, 2024.
This meticulous data collection and evaluation method aims to provide a reliable snapshot of the financial landscape, revealing the economic impact and prosperity of the individuals and households ranked among the wealthiest in the Philippines.
Source: https://dinhtienhoang.edu.vn
Category: Optical Illusion