Forbes Philippines' RichestAccording to Forbes Philippines’ 40 richest list of 2011, thirty-two tycoons are richer and for the fourth year in a row Henry Sy holds the top spot with a net worth of $7.2 billion, up from $5 billion last year. The biggest gainer in percentage terms is former trade minister Roberto Ongpin, whose fortune soared more than fourfold to $1.3 billion. Most of that gain was thanks to an increase in his stake in listed miner Atok-Big Wedge, though Ongpin says the company’s stock price overinflates its value.

The Philippines’ 40 Richest

RankName
1

Henry Sy

7,20086
2

Lucio Tan

2,80077
3

John Gokongwei Jr.

2,40083
4

Andrew Tan

2,00058
5

David Consunji

1,90090
6

Jaime Zobel de Ayala

1,70077
7

Enrique Razon Jr.

1,60051
8

Eduardo Cojuangco Jr.

1,40076
9

Roberto Ongpin

1,30074
10

George Ty

1,10078
11

Tony Tan Caktiong

1,00058
12

Inigo & Mercedes Zobel

980NA
13

Emilio Yap

93085
14

Andrew Gotianun

79583
15

Jon Ramon Aboitiz

76062
16

Beatrice Campos

685NA
17

Manuel Villar

62061
18

Vivian Que Azcona

555NA
19

Robert Coyiuto Jr.

40058
20

Mariano Tan

375NA
21

Alfonso Yuchengco

37088
22

Enrique Aboitiz

31089
23

Oscar Lopez

28081
24

Jose Antonio

24564
25

Eric Recto

20048
26

Gilberto Duavit

19076
27

Menardo Jimenez

18579
28

Alfredo Ramos

18067
29

Betty Ang

165NA
30

Felipe Gozon

16371
31

Tomas Alcantara

16065
32

Benjamin Romualdez

15581
33

Wilfred Uytengsu Jr.

15049
34

Manuel Zamora Jr.

14571
35

Jacinto Ng Sr.

115NA
36

Frederick Dy

11056
37

Luis Virata

10057
38

Bienvenido Tantoco Sr.

9590
39

Eugenio Lopez III

9059
40

Edgar Sia II

8534

Among the four newcomers are 34-year-old Edgar Sia II, the youngest on the list, who sold his barbecue chain to Tony Tan Caktiong’s Jollibee Foods; Jose Antonio, founder of high-end property developer Century Properties; and Jacinto Ng Sr., founder of biscuit maker Rebisco. A minimum of $85 million was needed to make the list this year, up from last year’s $50 million.

Unfortunately, four from 2010 didn’t make on the list, including Lourdes Montinola, whose family owns 41% of Far Eastern University; and Jesus Tambunting, who controls Planters Development Bank.

Source: Suzy Nam – Forbes

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