Sy siblings top Forbes’ Philippines’ 50 Richest list 2021

The country’s most affluent saw their cumulative wealth grow 30% to $79 billion amid the COVID-19 pandemic based on Forbes’ Philippines’ 50 Richest, with the Sy siblings taking the top spot.

According to Forbes, over half of the listees saw their wealth increase this year, with four of them adding over $1 billion each to their net worth.

The top gainers are the Sy siblings who added $2.7 billion to remain at the top spot with $16.6 billion, followed by property tycoon Manuel Villar Jr. who saw his net worth increase by $1.7 billion to $6.7 billion, and ports and casino tycoon Enrique Razon who grew his wealth by $1.5 billion to $5.8 billion.

In terms of percentages, Monde Nissin co-founder and president Betty Ang was the biggest gainer as she climbed 20 spots to rank 18th as her wealth jumped sevenfold to $1.4 billion following the company’s initial public offering (IPO) in June.

The IPO also produced three newcomers to the list — Monde Nissin chairman Hortono Kweefanus at 11th position with $1.95 billion; chief executive Henry Soesanto at 25th with $795 million; and heirs brothers Keng Sun and Peter Mar at 35th with $410 million.

Also among this year’s newcomers are Converge ICT Solutions co-founders Dennis Anthony and Maria Grace Uy who took the sixth spot with $2.8 billion; 8990 Holdings director Luis Yu Jr. at 32nd with $445 million and chairman Mariano Martinez Jr. at 49th with $205 million; and DDMP REIT co-owners Benedicto and Teresita Yujuico at 48th with $210 million.

More than a dozen listees posted a decline in their wealth, including liquor and airline tycoon Lucio Tan at 12th with $1.9 billion, with Philippine Airlines (PAL) seeking bankruptcy in the United States.

Forbes’ raised its minimum net worth to be included in this year’s list at $200 million, from $100 million a year ago. Below is a full list, with their net worth:

• 1. Sy siblings - $16.6 billion
• 2. Manuel Villar - $6.7 billion
• 3. Enrique Razon - $5.8 billion
• 4. Lance Gokongwei and siblings - $4 billion
• 5. Jaime Zobel de Ayala - $3.3 billion
• 6. Dennis Anthony and Maria Grace Uy - $2.8 billion
• 7. Tony Tan Caktiong - $2.7 billion
• 8. Andrew Tan - $2.6 billion
• 9. Ramon Ang - $2.3 billion
• 10. Ty siblings - $2.2 billion
• 11. Hartono Kweefanus - $1.9 billion
• 12. Lucio Tan - $1.9 billion
• 13. Isidro Consunji and siblings - $1.8 billion
• 14. Lucio and Susan Co - $1.75 billion
• 15. Vivian Que Azcona and siblings - $1.65 billion
• 16. Ricardo Po Sr. - $1.45 billion
• 17. Soledad Oppen-Cojuangco - $1.42 billion
• 18. Betty Ang - $1.4 billion
• 19. William Belo - $1.3 billion
• 20. Mercedes Gotianun - $1.25 bilion
• 21. Inigo Zobel - $1.15 billion
• 22. Roberto Ongpin - $1.1 billion
• 23. Robert Coyuito Jr. - $835 million
• 24. Dean Lao - $825 million
• 25. Henry Soesanto - $795 million
• 26. Campos siblings - $760 million
• 27. Dennis Uy - $710 million
• 28. Edgar Sia II - $675 million
• 29. Jacinto Ng - $580 million
• 30. Yap family - $530 million
• 31. Manuel Zamora Jr. - $450 million
• 32. Luis Yu Jr. - $445 million
• 33. Gilberto Duavit Jr. - $440 million
• 34. Menardo Jimenez - $430 million
• 35. Keng Sun and Peter Mar - $410 million
• 36. Felipe Gozon - $405 million
• 37. Delfin Wenceslao Jr. - $385 million
• 38. Mariano Tan Jr. - $375 million
• 39. Oscar Lopez - $309 million
• 40. Frederick Dy - $295 million
• 41. Tomas Alcantara - $290 million
• 42. Jose Antonio - $265 million
• 43. Carlos Chan - $240 million
• 44. Wilfred Steven Uytengsu Jr. - $235 million
• 45. Philip Ang - $225 million
• 46. Philippe Jones Lhuillier - $220 million
• 47. Jorge Araneta - $215 million
• 48. Benedicto and Teresita Yujuico - $210 million
• 49. Mariano Martinez Jr. - $205 million
• 50. Alfredo Yao - $200 million

The list takes into consideration shareholding and financial information  from the individuals and families, stock exchanges, analysts, and others. The net worths were computed based on stock prices and exchange rates when the markets closed on August 20, 2021.

The list is separate from the billionaire rankings, and includes family fortunes even those shared among extended families.—AOL, GMA News