10 Filipinos included in Forbes’ 2017 world billionaire list

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Ten Filipinos made it to American business magazine Forbes’ list of top billionaires around the globe for 2017.

Founder of SM Investments Corporation Henry Sy remains the richest in the Philippines for the 10th year in a row, ranking 94th on this year’s world roster.

The 92-year-old shopping mogul’s net worth grew from $13.7 billion to $18 billion, and is the biggest gainer in dollar terms on the list, according to Forbes.

Despite a net worth decline to $5.8 billion from $6.8 billion, JG Summit Holdings’ John Gokongwei Jr. ranked second in the Philippines and 250th worldwide. Also under Gokongwei’s group is Cebu Pacific — the Philippines’ largest airline based on the number of passengers flown on domestic and international routes — as well as Robinsons Mall and Robinsons Land.

Gokongwei is followed by Lucio Tan, who ranked 501st worldwide with a net worth of $3.7 billion. His group also controls Asia Brewery, Philip Morris-Fortune Tobacco, Philippine Airlines, and  Philippine National Bank.

Ranked 4th in the Philippines and 544th globally is GT Capital Holdings and Metrobank’s George Ty, with a net worth of $3.5 billion.  His family also owns Grand Hyatt and Marco Polo brands.

Coming next are Enrique Razon Jr. of International Container Terminal Services and Tony Tan Caktiong of Jollibee Foods Corporation, who both ranked 564th globally and have a net worth of $3.4 billion.

Completing the list of Filipino billionaires were David Consunji of DMCI Holdings ($3.1 billion); Andrew Tan of Alliance Global ($2.5 billion); Robert Coyiuto Jr. of National Grid Corporation of the Philippines ($1.5 billion); and Manuel Villar ($1.5 billion).

Worldwide, Consunji ranked 630th; Tan 814th; and Coyiuto and Villar at 1,376th.

Microsoft’s Bill Gates is again the world’s richest man with a net worth of $86 billion.

He was followed by Berkshire Hathaway’s Warren Buffett ($75.6 billion); Amazon.com’s Jeff Bezos ($72.8 billion); Zara’s Amancio Ortega ($71.3 billion); and Facebook’s Mark Zuckerberg ($56  billion).



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