Advertisement

SM’s Henry Sy, Sr. among world’s 100 richest

Font Size

Combination of file photos of Filipino business tycoons Henry S. Sy, Sr., John L. Gokongwei, Jr., Lucio C. Tan, Sr., and George S. K. Ty.

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. He overtook Microsoft founder Bill Gates, which settled at number two with a net worth of $90 billion.

Mr. Sy, chairman emeritus of SM Investments Corp., ranked 52nd globally and was the lone Filipino to make the top 100 of “The World’s Billionaires List.” His net worth increased to $20 billion from $12.7 billion.

JG Summit Holdings, Inc. Chairman Emeritus John L. Gokongwei, Jr., 91, remained the country’s second wealthiest billionaire but fell to to 305th place globally from 250th place. His net worth was steady at $5.8 billion.

International Container Terminal Services, Inc. Chairman Enrique K. Razon, Jr., climbed to the 404th spot from 564th following an increase in his net worth to $4.9 billion from $3.4 billion.

Completing the Filipinos in the annual ranking are:

  • LT Group, Inc. Chairman Lucio C. Tan, $4.7 billion (441st place from 501st)
  • Jollibee Foods Corp. Chairman Tony Tan Caktiong, $4 billion (550th place from 690th
  • GT Capital Holdings, Inc. Chairman George S.K. Ty, $3.9 billion (572nd place from 544th)
  • Vista Land & Lifescapes, Inc. Chairman Manuel B. Villar, Jr., $3 billion (791st from 1,376th)
  • Alliance Global Group, Inc. Chairman Andrew L. Tan, $2.7 billion (887th place from 814th)
  • San Miguel Corp. Chief Operating Officer Ramon S. Ang, $2.5 billion (965th place from 1,468th)
  • Prudential Guarantee & Assurance Chairman Robert G. Coyiuto, Jr.. $1.4 billion (1,650th place from 1,376th)
  • San Miguel Chairman and Chief Executive Officer Eduardo M. Cojuangco, Jr., $1.3 billion (1,756th place from 1,678th)
  • Businessman Roberto V. Ongpin, $1.1 billion (1,999th from 1,795th)
Advertisement