Sy siblings continue to top Forbes' Philippines’ 50 Richest 2022

The combined wealth of Filipino tycoons declined in the past year amid the country’s recovery from the COVID-19 pandemic based on Forbes’ Philippines’ 50 Richest list, with the Sy siblings holding on to the top spot.

In its writeup, Forbes said the combined wealth of the richest 50 Filipinos fell to $72 billion in 2022 from $79 billion in the past year, with over two-thirds of the listees posting a decline in their wealth.

“[T]he pressures of inflation, rising commodity and energy prices as well as reduced exports to China dragged the benchmark stock index down 6% from 11 months ago when fortunes were last measured. The Philippine peso also plunged 12% over the same period,” it said.

The Sy siblings — who control the SM Group — continued to claim the top spot, even as their net worth dropped by $4 billion to $12.6 billion, marking the biggest decline in dollar terms.

They were followed by property tycoon Manuel “Manny” Villar Jr. with a fortune of $7.8 billion after adding $1.1 billion in the past year as the biggest dollar gainer.

The third stop was given to ports magnate Enrique Razon Jr., who saw a slight decline in his net worth to $5.6 billion.

The new entrants in this year’s list include the Po family at the 16th spot after inheriting the food empire of Ricardo Po Sr. — Century Pacific — who passed away in October 2021.

Sylvia Wenceslao also entered this year’s list with a net worth of $340 million as she took over as chairman of D.M Wenceslao & Associates, following the death of her husband Delfin Wenceslao last September.

Forbes’ downgraded the minimum net worth for this year’s list to $185 million from $200 million in the past year.

Below is the complete list:

1. Sy siblings - $12.6 billion
2. Manuel Villar - $7.8 billion
3. Enrique Razon Jr. - $5.6 billion
4. Lance Gokongwei & siblings - $3.1 billion
5. Aboitiz family - $2.9 billion
6. Isidro Consunji & siblings - $2.65 billion
7. Tony Tan Caktiong & family - $2.6 billion
8. Jaime Zobel de Ayala & family - $2.55 billion
9. Ramon Ang - $2.45 billion
10. Andrew Tan - $2.4 billion
11. Lucio Tan - $2 billion
12. Ty siblings - $1.9 billion
13. Dennis Anthony & Maria Grace Uy - $1.75 billion
14. Lucio & Susan Co - $1.7 billion
15. Hartono Kweefanus & family - $1.5 billion
16. Po family - $1.2 billion
17. William Belo & family - $1.15 billion
18. Vivian Que Azcona & siblings - $1.1 billion
19. Mercedes Gotianun & family - $1.09 billion
20. Betty Ang - $1.05 billion
21. Soledad Oppen-Cojuangco & family - $985 million
22. Inigo Zobel -$930 million
23. Roberto Ongpin -$830 million
24. Dennis Uy - $810 million
25. Campos siblings - $780 million
26. Dean Lao & family - $710 million
27. Henry Soesanto - $625 million
28. Luis Yu Jr. - $545 million
29. Jacinto Ng - $490 million
30. Eusebio Tanco - $450 million
31. Yap family - $440 million
32. Manuel Zamora Jr. - $430 million
33. Robert Coyiuto Jr. - $420 million
34. Menardo Jimenez - $380 million
35. Mariano Tan Jr. - $375 million
36. Gilberto Duavit Jr. - $360 million
37. Felipe Gozon - $355 million
38. Carlos Chan - $350 million
39. Sylvia C. Wenceslao - $340 million
40. Edgar Sia II - $330 million
41. Keng Sun and Peter Mar & family - $310 million
42. Alfredo Yao - $280 million
43. Jose Antonio - $270 million
44. Mariano Martinez Jr. - $250 million
45. Oscar Lopez - $245 million
46. Tomas Alcantara - $240 million
47. Wilfred Steven Uytengsu Jr. - $230 million
48. Frederick Dy - $220 million
49. Philip Ang - $190 million
50. Benedicto & Teresita Yujuico - $185 million

—AOL, GMA News