Forbes List of Top 10 Filipino Billionaires in 2020

Forbes List of Top 10 Filipino Billionaires in 2020

The pandemic this 2020 dented some of the billionaires wealth especially on those vulnerable sectors. However, they still have a lot of money and can recover their wealth once the pandemic ends.

Here’s some of the top billionaires in our country with their riches in USD, arranged by Forbes.

 

TOP 10 Billionaires in the Philippines in 2020

#10
LUCIO & SUSAN CO
Net Worth: $1.7B
Business: Retail

Lucio Co and his wife Susan Co owned a supermarket chain Puregold Price Club, which they co-founded in 1998. They now have around 350 stores all over the Philippines. They also venture in other business such as gaming, hotels and wine distribution. They founded a company, Cosco Capital Inc, a public listed company in PSE which has dealings in oil and mineral exploration and Alcorn Petroleum and Minerals Corporation. Cosco Capital Inc. is the holdings company of Puregold and S&R membership chain.

#9
TONY TAN CAKTIONG
Net Worth:$1.9B
Age: 67
Business: Food & Beverage
World Billionaire Rank: #1267

Almost all Filipinos worldwide knows Jollibee. And the man behind that is a billionaire, Tony Tan Caktiong. He started the business and make it a billion dollar company as it is today. Jollibee is considered as one of the worlds fastest growing Asian restaurant chains with thousands of stores worldwide. Aside from this, they also own and operate brands such as Chowking, Grenwhich, Mang Inasal, Burger King, Red Ribbon and Panda Express. They also recently bought 2 overseas companies, Smashburger and The Coffee Bean & Tea Leaf, an addition to their portfolio of businesses.

#8
RAMON ANG
Net Worth: $2B
Age: 66
Business: Food & Beverage
World Billionaire Rank: #1513

Ramon Ang is the current president and vice chairman of one Philippines oldest company, San Miguel Corporation. The company started as a brewery but eventually diversified in food and beverages, power and infrastructure business. They are the company who landed the contract to build a new modern airport terminal in Bulacan. The recent Skyway 3 project is also owned by them.

#7
LUCIO TAN
Net Worth: $2.2B
Age: 85
Business: Diversified
World Billionaire Rank: #1267

Lucio Tan is the founder and chairman of a billion dollar company, Lucio Tan Group. They operates businesses in tobacco, liquors, property development, airline and banking. He is also the current President and CEO of the national airline, PAL Holdings Inc.

#6
ANDREW TAN
Net Worth: $2.3B
Age: 70
Business: Diversified
World Billionaire Rank: #1135

Andrew Tan is the current Chairman of Alliance Global. It is a holding company with ventures in food and beverage, gaming and real estate. He built his fortune in developing large apartment complexes in Metro Manila. Alliance Global Group is composed of three companies: Megaworld Corporation, Emperador Distillers Inc and Golden Arches Development Corporation who operates McDonalds franchises in the Philippines.

#5
JAIME ZOBEL DE AYALA
Net Worth: $3.6B
Business: Diversified

Jaime Zobel de Ayala is the current chairman emeritus of Ayala Corporation. The company develops real estate properties thru its subsidiaries. They also provides insurance, information technology, telecommunication services, water infrastructure, financial services, energy and water infrastructure. Added to that, they have stakes in passenger car business and operations in food and agriculture industries.

#4
GOKONGWEI Siblings
Net Worth: $4.1B
Siblings: Lance Gokongwei, Robina Gokongwei, Lisa Gokongwei, Faith Gokongwei, Hope Gokongwei & Marcia Gokongwei
Business: Diversified

The Gokongwei siblings inherited their billion dollar fortune from their late father, John Gokongwei Jr. The late billionaire had stake in various holdings in telecommunications, aviation, petrochemicals, food and beverage, livestock farming, power generation and financial services. Some of his notable business are JG Summit Holdings, Cebu Pacific Air, Sun Cellular, Universal Robina Corporation and Robinsons Land Corporation.

#3
ENRIQUE RAZON JR
Net Worth: $4.3B
Age: 60
Business: Logistics
World Billionaire Rank: #565

Enrique Razon Jr is the current chairman of International Container Tpanerminal Services Inc. (ICTSI), the Philippines leading terminal operator. The company has subsidiaries in Eastern Europe, The Americas and Africa. He is a Spanish Filipino billionaire and also the current chairman of Bloomberry Resorts Corp.

#2
MANUEL VILLAR
Net Worth: $5B
Age: 70
Business: Real Estate
World Billionaire Rank: #286565

Manny Villar is a Filipino billionaire businessman. He was born to a humble family in Tondo Manila. He was a former senator in the Philippines and currently heads the Nacionalista Party. After graduating from University of the Philippines, he then worked as a financial analyst and accountant then started his very successful real estate empire. Among his successful businesses are Vista Land, Prime Water, Golden Haven Memorial Park, Camella Homes, Vitacare Healthgroup Inc to name a few. He also started a coffee shop business, Coffee Project. He took the spot of Forbes richest individual billionaire in the Philippines after the death of tycoon Henry Sy.

#1
SY Siblings
Net Worth: $13.9B
Siblings: Teresita Sy-Coson, Elizabeth Sy, Henry Sy Jr., Hans Sy, Herbert Sy and Harley Sy
Business: Diversified

The late tycoon, Henry Sy, founded one of the biggest conglomerate in the Philippines, SM. Upon his death, the SY siblings took over his wealth and assets amounting to billions of dollars. The Sy family operates the chain of SM Shopping malls, banking such as BDO & Chinabank, SM Prime Holdings, real estate business and others.

About Richard Macalintal

Hi my name is Richard. I am a Registered Financial Services Consultant in Singapore. If you have any queries or you need help on your insurance policies and investment linked products, feel free to message me :-) We can have a cup of coffee while I do financial review and give advice with regards to your finances :-) Contact me thru email rlmacalintal(at)yahoo.com or SMS me +65 82235186. Disclosure: I am a Financial Consultant of AIA. The statements or opinions expressed on this site are my own and do not necessarily represent those of AIA.

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