The Philippines, a dynamic and rapidly growing economy, is home to a select group of individuals and families who have achieved extraordinary wealth. Their success stories offer valuable insights into the nation’s economic landscape and the key sectors driving its growth. This list, compiled from recent Forbes data, provides a snapshot of the top 10 richest individuals and families in the Philippines, highlighting their primary business sectors and contributions to the country’s prosperity.
Here’s the top 10, with key business information:
- 1. Sy siblings:
- Key businesses: SM Investments Corporation (SMIC), SM Prime Holdings, BDO Unibank.
- Sectors: Retail, banking, real estate.
- 2. Enrique Razon Jr.:
- Key business: International Container Terminal Services, Inc. (ICTSI).
- Sector: Logistics (port operations).
- 3. Manuel Villar:
- Key businesses: Vista Land & Lifescapes, Golden MV Holdings.
- Sector: Real estate development.
- 4. Ramon Ang:
- Key business: San Miguel Corporation.
- Sectors: Food and beverage, infrastructure, energy.
- 5. Isidro Consunji & siblings:
- Key business: DMCI Holdings.
- Sector: Construction and engineering.
- 6. Tony Tan Caktiong & family:
- Key business: Jollibee Foods Corporation.
- Sector: Food and beverage.
- 7. Lucio Tan:
- Key businesses: LT Group, Philippine Airlines, Philippine National Bank.
- Sectors: Diversified (tobacco, banking, airline).
- 8. Jaime Zobel de Ayala & family:
- Key business: Ayala Corporation.
- Sectors: Diversified (real estate, banking, telecommunications).
- 9. Lucio & Susan Co:
- Key business: Puregold Price Club Inc.
- Sector: Retail.
- 10. Aboitiz family:
- Key business: Aboitiz Equity Ventures.
- Sectors: Diversified (power generation, infrastructure).