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15 of the Philippines’ Richest Entrepreneur

Despite that the Philippines is considered as a not so wealthy country, there are still a few people in the Pearl of the Orient Seas who essentially excelled in the fast world of business. In fact, they have become billionaires and they own huge corporations and businesses. In case you wanted to discover who those people this article will let you met them.

1. Henry Sy

Henry Sy is the Chairman Emeritus of SM Investments, which was one of Philippines’ principal corporations which saw $6.7 billion of revenue in the year 2016.  Sy started out by being knowledgeable in the ropes of marketing while he’s beside his father in his family’s convenience store.  After saving ample amount of money, he left and started his own first business with a footwear shop.  As of the moment of writing, Henry Sy has a $19.7 billion net worth.

©Philippine Primer

2. John Gokongwei Jr.

As of today, John Gokongwei Jr. has a $5.3 billion net worth. He is the founder of JG Summit, which has interests in air transportation, banking, telecommunications, power, food, and property.  Gokongwei Jr. started a cornstarch plant in the year 1957 and has now grown into Universal Robina Corporation, which is one of the Philippines’ largest food and drinks companies.


3. Enrique Razon, Jr.

Enrique Razon is the Chairman of the International Container Terminal Services (ICTSI), Philippines’ chief terminal operator with $1.1 billion in sales.  He also has companies in Africa, Eastern Europe, and the Americas. His hospitality firm, which was the Bloomberry Resorts Co., flaunts its pinnacle jewel, the Solaire Casino, and Resort in the Philippines. Currently, Razon Jr. has a net worth of $5 billion.

4. Lucio Tan

Lucio Tan is the Founder and Chairman of LT Group which has $1.1 billion sales and has the interests in spirits, banking, tobacco, and property development. In the year 1982, Tan founded the Asia Brewery, a subsidiary of LT Group and the brewery that was competing with the market leader San Miguel. As of now, Tan has a net worth of $4.3 billion.

©Philippine Tatler

5. Jaime Zobel de Ayala

Jaime chaired the Ayala Group until the moment he retired in 2006. In the year 2015, the company acquired 33% of Malaysia construction and development corporation MCT, which develops low up to middle-income housing. Aside from that, in February last year, the conglomerate bought 49% stake in the e-commerce marketplace Zalora, marking its first ever venture into e-commerce. Currently, de Ayala has a net worth of $3.7 billion.


6. George Ty

George Ty is the Chairman of GT Capital Holdings, which saw the revenue of $3.8 billion in the year 2016. Ty has a net worth of $3.6 billion and he publicly traded the Metrobank, the Philippines’ second-largest bank that flaunts 945 branches around the country.  He also owns hotels under the Grand Hyatt and Marco Polo trademarks.

©Philippine Primer

7. Tony Tan Caktiong

Tony Tan Caktiong who has a net worth of $ 4 billion is the Founder and Chairman of Jollibee Food. This is the world’s fastest-growing Asian restaurant chain. With his partner Edgar Sia II, Caktiong also possesses a stake in the fast-developing DoubleDragon Properties.


8. Andrew Tan

Andrew Tan is the Chairman of the $2.7 billion Alliance Global, a holding corporation that has interests in food and beverage, real estate and Alliance Global possesses Philippines’ McDonald’s franchise and registered the brandy company Emperador. Tan has a net worth of $2.6 billion.


9. Ramon Ang

Ang, who’s an avid car collector, is the President and Vice-chairman of San Miguel that’s one of the oldest conglomerates in the Philippines. Additionally, Ang’s Eagle Cement saw an advantageous IPO in May, within an infrastructure that was pushed by President Duterte’s administration. Having a net worth of $2.3 billion, Ramon Ang also owns a hotel and 100 properties of the major real estate.

©Asian Policy

10. Lucio and Susan Co

The husband-and-wife tandem started out with just one hypermarket in the 1998 which was situated in Mandaluyong City. Currently, Lucio and Susan Co possess around 300 Puregold Price Club stores. Lucio is the group’s Chairman, while Susan is the Vice Chairman and their Vincent is the President. The family also has interests in hotels, wine distribution, and gaming. As of now, the Cos have a net worth of $1.79 billion.

©Richest LifeStyle

11. Manuel Villar

Manuel ‘Manny’ Villar is the Chairman of Starmalls, which is one of the largest mall operators in the Philippines. Currently has a net worth of $4.2 billion, Villar also owns chairs the Vista Land & Landscapes, wherein he plans to invest $35 million to construct 10 new shopping malls before the year 2019.The Villar’s family also owns the Golden Haven Memorial Park, an asset developing associate of Vista Land that focuses on parks, which went public in June last year.


12. Inigo and Mercedes Zobel

Inigo and Mercedes Zobel are related to Jaime Zobel de Ayala since they were cousins. Inigo and Mercedes inherited shares in Ayala Corp. from their aunt who already passed away. They have stakes in San Miguel, which was the largest visibly listed packaging, food and beverage corporation in Southeast Asia. The Zobels have a net worth of $1.6 billion.


13. Robert Coyiuto, Jr.

Coyiuto Jr. is the Chairman and CEO of the privately owned Prudential Guarantee & Assurance, which was one of the Philippines’ largest non-life insurance corporations.  He also possesses 30% stake in the privately owned National Grid and a stake in the publicly listed Oriental Petroleum & Minerals.  Having a net worth of $1.5 billion, he owns PGA Cars, a Philippines-created supplier of luxury-car brands like Audi and Bentley.


14. Mercedes Gotianun

Mercedes Gotianun is the Chairman Emeritus of the Filinvest Development, which saw sales of $970 million. This company has interests in real estate, hospitality, banking, and sugar. Her family was able to expand the small firm into consumer finance in association with some foreign organizations. Currently, Gotianun has a net worth of $1.4 billion.


15. Roberto Ongpin

Roberto Ongpin is the Chairman of Alphaland. Having a net worth of $1.25 billion, Ongpin has been building luxury villas on Balesin Island and he plans on operating an international airport on the neighboring Patnanungan Island.


Hopefully, these rich Filipino entrepreneurs were able to inspire you in achieving your goals and aims in your business. With a bit of luck, you might be included in the upcoming list of riches businessmen/businesswomen in the Philippines.

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