Shopping mall tycoon Henry Sy and his family remained the richest in the Philippines for the seventh
consecutive year, while four newcomers have entered the Forbes Philippines Richest List.
Meanwhile, the Forbes Rich List welcomed seven newcomers, like Araneta group chairman Jorge Araneta, who ranks 24th with a net worth of $505 million.
Carlos Chan, who heads Oishi snacks maker Liwayway Marketing Corp., ranks 25th with net worth of $500 million.
Ports tycoon Michael Romero, meanwhile, ranks 26 with net worth of $490 million. Son of construction magnate Reghis Romero II, Michael “converted family's reclaimed land into Harbour Center Port Terminal, now country's biggest bulk and break bulk port,” Forbes said.
A. Brown Company Inc. founder Walter Brown debuted at number 30 with a net worth of $270 million.
San Miguel president and chief operating officer Ramon S. Ang also made it to the list for the first time, with his net worth estimated at $260 million, making him the Philippines' 31st richest.
Ang made it to the list after buying an 11 percent stake in the conglomerate from chairman Danding Cojuangco.
Also new to the list are Zest-O maker Alfredo Yao (debuting at 42 with a net worth of $180 million) and Megawide Construction president and chief operating officer Edgar Saavedra (ranked 44 with net worth of $170 million).
Meanwhile, the Forbes Rich List welcomed seven newcomers, like Araneta group chairman Jorge Araneta, who ranks 24th with a net worth of $505 million.
Carlos Chan, who heads Oishi snacks maker Liwayway Marketing Corp., ranks 25th with net worth of $500 million.
Ports tycoon Michael Romero, meanwhile, ranks 26 with net worth of $490 million. Son of construction magnate Reghis Romero II, Michael “converted family's reclaimed land into Harbour Center Port Terminal, now country's biggest bulk and break bulk port,” Forbes said.
A. Brown Company Inc. founder Walter Brown debuted at number 30 with a net worth of $270 million.
San Miguel president and chief operating officer Ramon S. Ang also made it to the list for the first time, with his net worth estimated at $260 million, making him the Philippines' 31st richest.
Ang made it to the list after buying an 11 percent stake in the conglomerate from chairman Danding Cojuangco.
Also new to the list are Zest-O maker Alfredo Yao (debuting at 42 with a net worth of $180 million) and Megawide Construction president and chief operating officer Edgar Saavedra (ranked 44 with net worth of $170 million).
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