40 Richest Filipinos of 2010

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The Philippines’ 40 richest saw their collective networth grow by 39 percent from USD16.4 billion to USD 22.8 billion thanks to the impressive performance of the local stock market. The minimum networth to make it to the list is USD50 million, still considered the easiest benchmark among Forbes Asia’s rich list.

Public fortune were based on the stock prices of their respective holdings as of June 23, 2010. For privately held assets, their estimated worth if they were public.


  1. Henry Sy (USD 5.0 billion) - Known as the “Mall Magnate” and the “Father of Philippine Retailing”. He turned a small shoe store into the largest mall-chain in the Philippines—SM.
  2. Lucio Tan (USD 2.1 billion)- Nicknamed as “El-Kapitan”. He owns of the largest cigarette maker, Fortune Tobacco; and the second largest beer maker, Asia Brewery.
  3. John Gokongwei (USD 1.5 billion) - Founder and now Chairman Emeritus of one of the country's largest conglomerates, JG Summit Holdings. Gokongwei's company runs Cebu Pacific, Universal Robina Corporation, Digital Telecommunications, and all Robinsons Malls. He became a dollar billionaire this year.
  4. Jaime Zobel de Ayala (USD 1.4 billion) - Chairman Emeritus of the Ayala Corporation, the largest conglomerate by market capitalization in the Philippines.
  5. Andrew Tan (USD 1.2 billion) - Son of a factor worker. He made his fortune in Emperador Brandy. He owns one of the largest property developers in the country, Megaworld Corporation He also has various stakes in gaming and food and beverage businesses through his holding company, Alliance Global Group. He became a dollar billionaire in 2007.
  6. Tony Tan Caktiong (USD 980 million) - Founded Jollibee in 1975 as an ice cream parlor. Since then, the iconic fast-food has 700 branches all over the Philippines including several branches in Asia and United States. He is a recipient of the Entrepreneur of the Year Award in 2004.
  7. Enrique Razon Jr. (USD 975 million) - Chairman of International Container Terminal Services, a corporation his family co-founded in 1987. Recently, he sold his shares in National Power Grid to Henry Sy. Jr.
  8. Beatrice Campos (USD 840 million) - Co-founded United Laboratories with late husband Jose Campos. He has controlling stakes in Del Monte Philippines. He was supposed to acquire Purefoods from San Miguel Corporation, but the deal did not push through.
  9. George Ty (USD 805 million) - Founded the second largest bank, Metropolitan Bank and Trust Company.
  10. Eduardo Cojuangco Jr. (USD 760 million) - Chief Executive Officer and Chairman of San Miguel Corporation. He recently divested his investment in the company to the investor group of Robert Ongpin.
  11. Inigo Zobel and Mercedes Zobel (USD 730 million) - Cousins of Jaime Zobel de Ayala. They inherited their wealth from their aunt. They are also a part of the investment group that is going to acquire Cojuanco’s share in the San Miguel Corporation
  12. David Consunji(USD 715 million) - Founder and chairman of the construction firm, DMCI. His shares jumped more than 100 percent the past year making him the largest gainer in this year’s list.
  13. Emilio Yap(USD 665 million) - Chairman of the Manila Bulletin. He has stakes in Manila Hotel and controls 67 percent of PhilTrust Bank.
  14. Andrew Gotianun (USD 500 million) - Chairman Emeritus of Filinvest Development Corporation and has investments in real estate, banking and financial services
  15. Vivian Que Azcona(USD 445 million) - President of Mercury Group that owns and runs Mercury Drug Store, which has over 700 branches nationwide. She inherited the business from his father, Mariano Que.
  16. Oscar Lopez (USD 420 million) - Former chairman and Chief Executive Office of First Philippine Holding Corp. Son Federico Lopez succeeded him.
  17. Manuel Villar (USD 380 million)- Former senator. He ran for presidency in the May 10 election but came in third. He owns Camella and Palmera Homes and Vista Land and Lifescapes.
  18. Jon Ramon Aboitiz (USD 360 million)President of Aboitiz and Co. and Aboitiz Equity Ventures. Share price of Aboitiz Equity Ventures doubled in the past year driven by impressive performance of Aboitiz Power.
  19. Mariano Tan (USD 330 million) - Co-founded Unilab with the Camposes.
  20. Robert Coyiuto (USD 310 million) - President of Oriental Petroleum and Minerals. He also owns the Porsche dealership and First Life. Owned the defunct Manila Chronicles.
  21. Roberto Ongpin (USD 300 million) First time on Forbest 40 richest Filipinos. He led the group that is set to acquire shares of Eduardo Cojuangco.
  22. Alfonso Yuchengco (USD 260 million) - Former ambassador to China and Japan and was appointed Ambassador to Germany in March. His family owns 60 businesses including Rizal Commercial Banking Corporation. and Great Pacific Life Insurance.
  23. Betty Ang(USD 165 million) - President of private-owned Monde Nissin, maker of the Nissin brand and Lucky Me!, which is market leader in instant noodles
  24. Enrique Aboitiz (USD 150 million)- Patriarch of the Aboitiz and Co.
  25. Gilberto Duavit (USD 145 million) - One of the three major shareholders of GMA Network. His father took over the company with Menardo Jimenez and Felipe Gozon in the 1970s.
  26. Menardo Jimenez (USD 143 milliona) - Former president and CEO of GMA Network. His family owns 30 percent of the public-listed media giant.
  27. Felipe Gozon(USD 120 million) - A lawyer by profession. He is the chairman and chief executive of GMA Network.
  28. Alfredo Ramos(USD 117 million) - Chairs Anglo Philippine Holdings Corporation, which saw profits jumped more than 1,000 percent last year. He also chairs publicly-listed Atlas Consolidated Mining and Development Corporation.
  29. Manuel B. Zamora, Jr. (USD 116 million)- A lawyer by profession. He runs Nickel Asia, the Philippine’s largest Nickel producer.
  30. Wilfred Uytengsu, Jr. (USD 115 million) - Became chairman of the Alaska Milk Corporation after his father died in April. Triathlete.
  31. Benjamin Romualdez (USD 110 million) - Brother of Imelda Marcos. He has stakes in Banco de Oro and mining firm, Bengue Corporation.
  32. Wilfredo Keng (USD 100 million) - Runs publicly-listed Century Peak Metals Corporation.
  33. Tomas Alcantara (USD 99 million) - Runs publicly-traded Alsons Consolidated Resources. He also chairs QBE, a joint venture with Australia’s QBE Insurance Corp.
  34. Bienvenido Tantoco Sr. (USD 95 million) - Runs family-owned department store, Rustans. He is also a franchisee for Marks & Spencer, Starbucks, Zara, Gap and Hermes.
  35. Frederick Dy (USD 70 million) - Chairman of Security Bank since 1991.
  36. Eugenio Lopez III (USD 68 million) - Chairman of publicly-listed media giant ABS-CBN Corporation.
  37. Lourdes Montinola (USD 65 million) - Chairman of Far Eastern University since 1989.
  38. Luis Virata (USD 57 million ) - Former Philippine Airlines's CEO and a major shareholder in Nickel Asia.
  39. Jesus Tambunting (USD 55 million) - Chairman and president of Planters Development Bank. He is a former ambassador to Britain and Was the recipient of the 2009 Entrepreneur of the Year Award.
  40. Philip T. Ang (USD 50 million) - Owns stake in the Nickel Asia. Business associate of the Zamora brothers.

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