17 PH tycoons on Forbes’ global billionaire list

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Manuel “Manny” B. Villar Jr.

MANILA, Philippines – Seventeen tycoons from the Philippines – led for the third straight 12 months by “brown taipan” Manuel “Manny” B. Villar – made it to Forbes journal’s 2021 list of wealthiest individuals on the planet.

Forbes, which has been counting individuals with web price of a minimum of $1 billion for the final 35 years, introduced a record-breaking roster of two,755 billionaires, together with 493 newcomers.

This was seen as unprecedented by any measure, particularly in a interval when the COVID-19 pandemic has continued to wreak havoc on the global economic system.

Altogether, these billionaires are price $13.1 trillion, up from $8 trillion on the 2020 list.

Still on the high of the heap is outgoing Amazon CEO Jeff Bezos, who has an estimated web price of $177 billion whereas Tesla and SpaceX founder Elon Musk pole-vaulted into the quantity two spot with an estimated wealth of $151 billion, up from No. 31 final 12 months.

Bernard Arnault of LVMH, Microsoft founder Bill Gates and Facebook’s Mark Zuckerberg rounded up the magic 5.

“It was additionally the primary time that the mixed web price of the world’s billionaires crossed into double-digit trillions.

“The pace at which huge fortunes have been created is astonishing,” mentioned Kerry Dolan, Assistant Managing Editor at Forbes’ Wealth.

In the Philippines, many of the tycoons had been capable of develop their web price regardless of the extended pandemic.

The journal estimated Villar’s web price at $7.2 billion, making him the 352nd richest individual on the planet.  His wealth grew from final 12 months’s $5.7 billion.

Villar’s fortune comes from mass housing developer Golden Bria Holdings Inc., a former memorial park developer which is now into mass housing, property developer Vista Land & Lifescape and retail arm AllHome.

This is the whole list of billionaires from the Philippines in Forbes’ Billionaires list  and their estimated wealth:

  1. Manuel Villar, $7.2 billion
  2. Enrique Razón Jr., $5 billion
  3. Lucio Tan, $3.3 billion
  4. Hans Sy, $3 billion
  5. Herbert Sy, $3 billion
  6. Andrew Tan, $3 billion
  7. Harley Sy, $2.7 billion
  8. Henry Sy Jr., $2.7 billion
  9. Teresita Sy-Coson, $2.7 billion
  10. Elizabeth Sy, $2.4 billion
  11. Tony Tan Caktiong, $2.4 billion
  12. Ramon Ang, $2.2 billion
  13. Inigo Zobel, $1.4 billion
  14. Lance Gokongwei, $1.2 billion
  15. Roberto Ongpin, $1.2 billion
  16. Ricardo Po Sr., $1.1 billion
  17. Edgar Sia II, $1.1 billion
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