40 Richest Filipinos of 2007
After a significant second-quarter growth and the strengthening of the peso against the dollar, the Philippine economy seems to be on the right track. The richest Filipinos' numbers agree - their collective net worth reaching $17 billion this year , $1 billion more than last year's. But compared to its ASEAN neighbors, the Philippines' rich list is still the easiest to get into - anyone worth $30 million and up will easily make it to the top 40.
This list of 40 Richest Filipinos of 2007 is taken from Forbes Asia's October 28, 2007 issue. Click-on and learn more.
- Jaime Zobel de Ayala - patriarch of the Philippines' oldest conglomerate - Ayala Corporation
- Henry Sy - owner of SM Malls; considered the Philippines' leading retailer
- Lucio Tan - made his fortune from tobacco and beer businesses; owns Philippine Airlines
- Andrew Tan - Founder and CEO of one of the country's leading property developers, the Megaworld Corporation. The 16-hectare Eastwood City, a prototype of Tan's live-work-play environment concept, is one of the many projects of his company. He is the country's newest billionaire.
- Manuel Villar - currently the Senate President, Villar owns C&P Homes, a leading developer specializing in affordable housing. He is the biggest gainer in the list this year jumping from 24th to 5th.
- George Ty - founder and chairman of Metrobank, one of the Philippines' largest banks
- Andrew Gotianun - founder of consumer finance group Filinvest and remains chairman emeritus of Filinvest Development
- Enrique Razon, Jr. - chairman of International Container Terminal Services, a corporation his family co-founded in 1987
- Tony Tan Caktiong - Patriarch and CEO of Philippine fast food icon Jollibee. Tan Caktiong, recipient of the country's first Entrepreneur of the Year award, now has over 600 stores in the Philippines and 27 stores in the US and Hong Kong.
- Oscar Lopez - Chairman and CEO of corporate giants Benpres Holdings and First Philippine Holdings. The companies, both owned by the Lopez family, run Meralco, Maynilad Water, BayanTel, and ABS-CBN.
- Vivian Que Azcona - runs country's largest drugstore chain Mercury Drug with 500 locations
- Iñigo Zobel - son of Enrique Zobel and cousin of Jaime Zobel de Ayala, Inigo Zobel is a board member of the San Miguel Corporation
- Eduardo Cojuangco, Jr. - chair of Philippine food and beverage giant San Miguel Corporation
- Emilio Yap - Proprietor of the prestigious Manila Hotel and chairman of the daily broadsheet Manila Bulletin. Yap also owns the Philtrust Bank and holds major shares of the Philippine Bank of Communications.
- John Gokongwei, Jr. - 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, Sun Cellular, and all Robinsons Malls.
- Enrique Aboitiz - runs country's largest private network of ferries and buses
- Alfonso Yuchengco - owns 40 companies engaged in diverse industries including private banking, construction, and education
- Beatrice Campos - widow of Jose Campos, co-founder of United Laboratories (Unilab), nation's largest pharmaceutical-maker
- David Consunji - founder and chairman of major construction firm DMCI Group
- Luis Virata - a major shareholder of Nickel Asia, the Philippines' largest nickel producer
- Gilberto Duavit, Jr. - executive vice president and chief operating officer of media corporation GMA Network
- Menardo Jimenez - former head of madia giant GMA Network, now member of the board of another corporate giant San Miguel Corporation
- Felipe Gozon - chairman and chief executive of GMA Network, which has 46 VHF stations and 26 radio stations
- Mariano Tan - transformed a small drugstore in Manila into Unilab, one of the leading drug companies in the county
- Ramon del Rosario, Jr. - Chief executive of Philippine Investment-Management, a company co-founded by his father
- Rolando Hortaleza - chief executive and chairman of Splash Corporation, which has $56 million in sales
- Manuel Zamora - chairman and co-founder of Nickel Asia, Philippines' largest nickel producer
- Betty Ang - president of Monde Nissin, maker of instant noodles, biscuits and snack foods
- Tomas Alcantara - chairman of the family's listed holding company, Alsons
- Frederick Dy - runs Security Bank
- Wilfred Steven Uytengsu, Sr. - chairman of Alaska Milk Corporation, the Philippines' leading provider of milk products
- Salvador Zamora - chief executive and co-founder of Nickel Asia, Philippines' largest nickel producer
- Oscar Hilado - was a Smith Mundt/Fulbright scholar at Harvard Business School, now chairman of Phinma
- Philip T. Ang - vice chairman of Taganito Mining Corp., also holds stakes in Nickel Asia.
- Magdaleno Albarracin, Jr. - chairman emeritus of Philippine Cement Manufacturers Association and vice chairman of Phinma
- Jesus Tambunting - runs Planters Development Bank, family owns Tambunting Pawnshops
- Antonio Roxas - chairman emeritus of Roxas Holdings, the nation's largest producer of raw sugar
- Manuel Pangilinan - owns major stakes in Philippine Long Distance Telephone Company and regional conglomerate First Pacific Co.
- Marixi Rufino-Prieto - chair of Philippine Daily Inquirer, one of the Philippines' largest broadsheets
- Lourdes Reyes-Montinola - father founded Far Eastern University, is now head of the board of trustees and largest shareholder