Henry Sy is Philippines’ richest – Forbes Asia
Henry Sy
Henry Sy, the 83 year old, low-profile, shopping mall mogul, topped Forbes Asia’s list of Philippines’ richest. Sy and his family’s wealth has increased by US$1.4 billion despite the global financial crisis, rising from No. 2 position last year.
Lucio Tan and family moved from third to second place with a total networth of $1.5 million. But Tan’s wealth is still down by $100 million from last year.
Last year’s richest, Jaime Zobel de Ayala and family, has dropped to third place, losing a whopping $800 million. Ouch!
The top 10 richest in the Philippines are:
1. Henry Sy & family; US$3.1 billion
2. Lucio Tan & family; $1.5 billion
3. Jaime Zobel de Ayala & family; $1.2 billion
4. Andrew Tan; $700 million
5. Tony Tan Caktiong & family; $690 million
6. John Gokongwei Jr. & family; $680 million
7. Eduardo Cojuangco Jr.; $610 million
8. Enrique Razon Jr.; $525 million
9. George Ty & family; $435 million
10. Inigo & Mercedes Zobel; $430 million
The list of the Philippines richest will be featured in the Oct. 29 issue of Forbes Asia magazine, which will be available on newstands this week.
5 Responses to “Henry Sy is Philippines’ richest – Forbes Asia”
Leave a Reply
Pinoy Updates reserves the right to delete any comments deemed inappropriate, particularly comments that are off topic and comments that contain promotions to other web sites.
October 24th, 2008 at 2:29 pm
Hi, this is a comment.
To delete a comment, just log in and view the post's comments. There you will have the option to edit or delete them.
November 6th, 2008 at 5:23 pm
Wow I wonder how it is to be THAT filthy rich! Nakakalula
November 7th, 2008 at 9:51 am
The rich people work harder than what we think. In order to maintain the high cost of living, they have to do more work and responsibilities. Kaya may hirap pa din hehe.
November 26th, 2008 at 7:09 am
yes right! so like saying, ” with great power comes great responsibility”, with great wealth comes great debt?!!
nah, some of these people are hardworking and smart enough to handle their businesses, and money affairs.. maybe, someone we should look up to as models..
November 26th, 2008 at 10:13 am
Yes, I agree. They should be considered as role models.