FORBES, the American business magazine, recently reported that more Filipinos have been included in the exclusive billionaires’ circle.
Still the richest man in the Philippines is mall magnate Henry Sy Sr., ranked as the 73rd richest man in the world, jumping several places from his 97th spot in 2014.
“With an increased net worth of $14.2 billion from last year’s $11.3 billion, mall tycoon Henry Sy Sr. maintains his spot as the richest man in the country. In second place, JG Summit Holdings Inc. Head John Gokongwei Jr. ranked 254th richest man in the world with a net worth of $5.8 billion from last year’s $3.9 billion,” a report published on inquirer.net said.
Click on photo for the full report on inquirer.net.
HENRY SY SR. | Photo from sminvestments.com
Bill Gates, founder of Microsoft, is the world’s richest man with a net worth of $72 billion.
Click on photo to read the full list on the Forbes website.
IMAGE grabbed from Forbes.com website
Do you know who these Filipino billionaires are?
The PCIJ has published several articles about some of them.
HENRY SY, Sultan of Retail : Chinese-Filipino businessman Henry Sy was once called the “Sam Walton of the Far East” because the aggressive expansion of his shopping-mall empire resembled the strategy adopted by the popular Wal-Mart supermarket chain that made Walton a household name in the United States.
Click on photo to read our special report.
JOHN GOKONGWEI, right, with his son, Lance | Photo from jjsummit.com.ph
LUCIO TAN is obviously uncomfortable with the camera. He looks at it with a plastic grin that barely masks the grim forbearance with which he faces crowds.
Yet, unknown to many, both men go a long way back. The president himself said so last April, at the height of the election campaign, when he was guest at a dinner at the Tan-owned Century Park Sheraton Hotel for the managers of the tycoon’s sprawling business empire. “Alam ninyo, itong si Mr. Tan, mayor pa ako ng San Juan, magkaibigan na kami(Mr. Tan and I have been friends ever since I was mayor of San Juan),” Estrada told the gathering, according to Salvador Mison, a retired general who heads Tan’s management company, Basic Shareholdings, Inc.
Click on photo to read the full article on Lucio Tan written by PCIJ founding executive director Sheila S. Coronel.
