Which billionaire covers 1st issue of Forbes Philippines?

MANILA, Philippines - A Filipino billionaire landed the cover of Forbes Philippines' first issue.

Forbes Philippines on Tuesday revealed Alliance Global CEO Andrew Tan is on the cover of its first issue.


Tan is the fourth richest Filipino, and 330th in the world, on the 2015 Forbes Billionaires List. His net worth is estimated at $4.8 billion.

His businesses include property (Megaworld), liquor (Emperador Distillers), fast food (McDonalds franchise for the Philippines), as well as hotel and casino (ResortsWorld Manila).

Forbes Philippines is being published in the Philippines under a licensing agreement between Forbes Media and Gokongwei-led Summit Media. Its initial circulation will be 10,000 a month.

On the Forbes website, William Adamopoulos, CEO/Asia of Forbes Media, said the launch is timely "given the Philippines’ rising economic prospects and its fast-growing community of CEOs, entrepreneurs and investors."

source: www.abs-cbnnews.com

RICH LIST: The 50 richest in the Philippines

MANILA, Philippines – Forbes magazine on Thursday released its list of the 50 richest Filipinos for 2014.

According to the latest Forbes Philippines rich list, the country's 50 wealthiest are worth a combined $74 billion, up 12% from $65.8 billion in 2013.

Here's the list of the richest Filipinos and their estimated net worth:

1. Henry Sy; US$12.7 billion (SM Prime Holdings)
2. Lucio Tan; $6.1 billion (LT Group)
3. Enrique Razon Jr.; $5.2 billion (International Container Terminal Services Inc.)
4. Andrew Tan; $5.1 billion (Alliance Global)
5. John Gokongwei Jr.; $4.9 billion (JG Summit Holdings)
6. David Consunji; $3.9 billion (DMCI Holdings)
7. George Ty; $3.7 billion (Metropolitan Bank & Trust Co.)
8. Aboitiz Family; $3.6 billion (Aboitiz Equity Ventures)
9. Jaime Zobel de Ayala & family; $3.4 billion (Ayala Corp.)
10. Tony Tan Caktiong; $2 billion (Jollibee Foods Corp.)
11. Robert Coyiuto Jr., $1.8 billion (National Grid)
12. Lucio & Susan Co, $1.7 billion (Puregold Price Club)
13. Yap family, $1.475 billion (Philtrust Bank)
14. Manuel Villar, $1.460 billion (Starmalls; Vista Land & Landscapes)
15. Inigo & Mercedes Zobel,$1.2 billion (Ayala Corp.)
16. Alfredo Yao, $1 billion (Macay Holdings; Zest-O)
17. Andrew Gotianun $955 million (Filinvest Development)
18. Vivian Que Azcona $935 million (Mercury Drug)
19. Eduardo Cojuangco $870 million (San Miguel Corp.)
20. Beatrice Campos $825 million (Unilab)
21. Po family $770 million (Century Canning)
22. Oscar Lopez $700 million (Lopez Holdings)
23. Alfonso Yuchengco $685 million (Rizal Commercial Bank Corp.)
24. Roberto Ongpin $680 million (Alphaland)
25. Betty Ang $670 million (Monde Nissin)
26. Dean Lao $625 million (D&L Industries)
27. Manuel Zamora $620 million (Nickel Asia)
28. Carlos Chan $550 million (Liwayway)
29. Jorge Araneta $510 million (Araneta Complex)
30. Mariano Tan Jr. $445 million (Unilab)
31. Edgar Sia $390 million (DoubleDragon)
32. Ramon Ang $380 million (San Miguel Corp.)
33. Michael Romero $375 million (Harbour Centre Port)
34. Concepcion Family $320 million (Concepcion Industrial)
35. Philip Ang $315 million (Nickel Asia)
36. Frederick Dy $310 million (Security Bank)
37. Luis Virata $300 million (Nickel Asia)
38. Alfredo Ramos $260 million (Atlas Consolidated Resources)
39. Wilfred Steven Uytengsu Jr. $255 million (Alaska Milk Corp.)
40. Tomas Alcantara $250 million (Alsons Consolidated Resources)
41. Jose Antonio $240 million (Century Properties)
42. Bienvenido Tantoco Sr. $235 million (Rustan’s)
43. Jacinto Ng $230 million (Asia United Bank)
44. Gilberto Duavit $200 million (GMA Network)
45. Menardo Jimenez $195 million (GMA Network)
46. Eric Recto $190 million (Alphaland)
47. Walter Brown $183 million (Atok-Big Wedge)
48. Felipe Gozon $182 million (GMA Network)
49. P.J. Lhuillier $180 million (Cebuana Lhuillier)
50. Juliette Romualdez $170 million (Banco de Oro; Benguet)

Forbes said the minimum amount required to make this year's list was $170 million, up from $105 million last year.

The list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and other sources. Net worths are based on stock prices and exchange rates as of close of markets on August 18.

The complete list is available at www.forbes.com/philippines as well as in the latest issue of Forbes Asia.

source: www.abs-cbnnews.com

SM's Henry Sy retains spot as richest Filipino - Forbes.com

MANILA - Shopping mall magnate Henry Sy has again topped Forbes.com's list of the 40 richest Filipinos.

According to Forbes.com, the 87-year old Sy and his family has a net worth of $9.1 billion, or about P385 billion.

He owns SM Investments, a conglomerate that runs 43 malls in the country and five in China, the Philippines' biggest bank, BDO, and the country's fastest-growing condominium developer, SMDC.

His son, Henry Jr., has a joint venture with State Grid Corp. of China that holds the 25-year concession for the Philippines' power transmission highway.

Second on Forbes' list is tobacco tycoon Lucio Tan and family, who was estimated to have a net worth of $4.5 billion, or about P190 billion.

Besides controlling the Philippines' tobacco monopoly in a partnership with multinational Philip Morris, 77-year old Tan also is part owner of Asia's oldest carrier, Philippine Airlines, a substantial interest in which he sold to long-time beverage rival, San Miguel Corp.

Third on Forbes' list is port operator Enrique Razon Jr., who was credited with a net worth of $3.6 billion, or about P152 billion.

Apart from International Container Terminal Services Inc., the 52-year old Razon also has interests in mineral exploration and recently has ventured into the tourism space with his gaming firm, Bloomberry.

Fourth on Forbes' list is John Gokongwei Jr., who has an estimated net worth of $3.2 billion, or about P135 billion.

The 84-year old businessman's empire includes the Philippines' fastest-growing budget carrier, Cebu Pacific, food manufacturer Universal Robina, and property firm Robinsons Land.

Fifth on Forbes' list is 90-year old construction magnate David Consunji and family, who are worth of $2.7 billion, or about P114 billion, Forbes.com said.

Other businessmen on the Forbes list in order of their net worth are the following:

- Andrew Tan, $2.3 billion;

- Jaime Zobel de Ayala and family, $2.2 billion;

- George Ty and family, $1.7 billion;

- Roberto Ongpin, $1.5 billion;

- Eduardo Cojuangco, $1.4 billion;

Senator Manuel Villar is also on the list, coming in 18^th with a net worth of $720 million.

Among world's top billionaires

Sy and family also ranked 116^th in Forbes' list of the world's billionaires, which 72-year-old Mexican telecoms owner Carlos Slim topped, with a net worth of $69 billion.

Microsoft chairman Bill Gates, 56, came in second with $61 billion, and Berkshire Hathaway chief executive and investing legend Warren Buffett, 81, was in third place with $44 billion.

article source: interaksyon.com