Posted on October 18th, 2007
Forbes released the 40 Richest Filipinos last July 18, 2007. Our country made a comeback with a second quater growth of 7.5% which is the highest since 1997 and unemployment went down to 8% which is the lowest in those two decades.
Rank No. 1- Jaime Zobel De Ayala. The 73 year old patriach of Ayala Corporation with a networth or $2 billion. Maried with 7 children and his children now hold his wealth with his eldest son Jaime II as chief executive.
Rank No. 2 -- Henry Sy & family. One of the Taipans in Philippine Business. He formed the Philippines’ second largest bank after the merger of Equitable PCI and Banco de Oro. He is married with 6 children and has a newtworth of $1.7 Billion at the age of 85. He owns the Philippines’ shopping mall developer SM Prime Holdings.
Rank No 3. Lucio Tan & family. As a kid he mops floors to pay for school tution. Eventually he became a chemical engineer who now owns the nation’s largest cigette manufacturing company, Fortune Tobacco as well as Philippine Airlines. Tan is believed to be a former ally of the late president Marcos. He has a networth of $1.6 billion at the age of 73 with 6 children. He also called LT and used as an example in many network marketing meetings in topics showing the difference between an employee and an employer.
Rank No. 4 -- Andrew Tan. Andrew was a son of a factory worker. He even walks miles on his way to school since cannot afford the fare. Now he is the president of Megaworld Corporation. He is now included in the list of Filipino billionaires with a networth of $1.1 billion.
Rank N0. 5 -- Manny Villar. Manuel “Manny” Bamba Villar, Jr. currently the nation’s Senate President. In early childhood, he grew up in slum areas as a hardworking son of a shrimp vendor. He is the founder of Camella Homes and now he is the largest shareholder of Vista Land & Lifescapes Inc. Manny is married with 3 children and currently $940 Million in networth.
Rank No. 6 George Ty. He is the founder of Metropolitan Bank and Trust popularly known as Metrobank. He also has stakes in the BPI and Philippine Savings Bank. Now, he develops luxury condominiums in Mandaluyong teaming up with John Gokongwei. His Toyota Motor Philippines is the country’s No. 1 vehicle in all of vehicle sales categories supplying almost half of the Philippines’ cars and trucks. He is now 74 years of ag, married with child children and has a networth of $870 Million.
Rank No. 7 Andrew Gotianun. Andrew controls Filinvest Development Corp which holds 70% of Filinvest Land, and East West Bank. he started early in life salvaging World War II ships and later on branched into car financing. He is married and has $860 Million in Networth and has 2 children.
Rank No. 8 Enrique Razon Jr. He is the president and chairman of International Container Terminal Holdings, Inc., International Container Terminal Services Inc. and Sureste Realty Corp. Still young at 47. He has a networth of $820 Million and married with 2 children.
Rank No. 9 Tony Tan Caktiong & family. Founder of Jollibee Foods Corporation who later aquired Greenwich, Chowking, Red Ribbon and the latest, Hongzhuangyuan a 33-branched food chain in China. He is 57 yearls old, married with 3 children and has a networth of $790 Million.
Rank No. 10 Oscar Lopez & family. He has a networth of $775 Million at the age of 77, married with 8 children and He is the chairman of Lopez Group Foundation, Inc. He also controls a stake in ABS-CBN Foundation.