LIST: Filipinos who are part of Forbes' 2024 billionaires list
Forbes Magazine has released its billionaires list for 2024, revealing there are more billionaires than ever with 2,781 in all, which is 141 more than last year’s list and 26 more than the record set in 2021.
Two-thirds of the list’s members are worth more than a year ago and only one-fourth are poorer.
Bernard Arnault of luxury goods conglomerate LVMH topped the list with $233 billion (over P13 trillion). Tesla's Elon Musk and Amazon's Jeff Bezos followed with $195 billion (over P11 trillion) and $194 billion (over P11 trillion), respectively.
A total of 16 Filipinos were also among the most affluent ones who made it to the billionaires list. Two of them are newcomers this year.
San Miguel Corp. and Ayala Corporation’s Iñigo Zobel, who placed 2,540th last year, was out of this year’s list.
Here are the Filipino billionaires who made it to the 2024 list, including their net worths and rankings compared to 2023, and their business interests.
Manny Villar
Net worth: $11 billion (P619.6 billion), from $8.6 billion (P467 billion)
Rank: 190th, from 232nd
Source: property developer Vista Land & Lifescapes, real estate investment trust VistaREIT, developer Golden MV Holdings, mall operator Vistamalls, supermarket chain AllDay Marts
Enrique Razon
Net worth: $10 billion (P563.3 billion), from $7.3 billion (P397 billion)
Rank: 224th, from 312th
Source: ports operator International Container Terminal Services, Solaire Resort and Casino, water utilities and renewable energy company Prime Infrastructure Capital
Ramon Ang
Net worth: $3.5 billion (P197.1 billion), from $3.4 billion (P184 billion)
Rank: 920th, from 852th
Source: food and beverage conglomerate San Miguel Corporation, power and infrastructure
Sy siblings
The heirs of the late SM Supermalls head Henry Sy made it to the Forbes list with the following rankings and Net worths:
- Hans Sy – 1,286th, from 1,272nd; $2.6 billion (P146.4 billion), from $2.4 billion (P130 billion)
- Henry Sy Jr. – 1,330th, from 1,217th; $2.5 billion (P140 billion), from $2.5 billion (P136 billion)
- Herbert Sy – 1,330th, from 1,272nd; $2.5 billion (P140 billion), from $2.4 billion (P130 billion)
- Harley Sy – 1,380th, from 1,368th; $2.4 billion (P135.2 billion), from $2.2 billion (P119 billion)
- Teresita Sy-Coson – 1,438th, from 1,368th; $2.3 billion (P130 billion), from $2.2 billion (P119 billion)
- Elizabeth Sy – 1,545th, from 1,575th; $2.1 billion (P119 billion), from $1.9 billion (P103 billion)
Lucio Tan
Net worth: $2.5 billion (P140 billion), from $2.4 billion (P130 billion)
Rank: 1,330th, from 1,272nd
Source: LT Group, whose subsidiaries include Asia Brewery, Philippine Airlines, Philippine National Bank
Andrew Tan
Net worth: $2 billion (P112.6 billion), from $2.5 billion (P136 billion)
Rank: 1,623rd, from 1,217th
Source: food and beverage, gaming, and real estate conglomerate Alliance Global
Tony Tan Caktiong
Net worth: $1.4 billion (P78.8 billion), from $1.2 billion (P65 billion)
Rank: 2,152nd, from 2,259th
Source: Jollibee Foods Corp., whose brands also include Chowking, Greenwich, Red Ribbon, Mang Inasal, Burger King, Dunkin’, and The Coffee Bean & Tea Leaf
Lucio Co (newcomer)
Net worth: $1.2 billion (P67.8 billion)
Rank: 2,595th
Source: Puregold Price Club, Cosco Capital, gaming, hotels
Susan Co (newcomer)
Net worth: $1.1 billion (P62 billion)
Rank: 2,691st
Source: Puregold Price Club, Cosco Capital, gaming, hotels
Lance Gokongwei
Net worth: $1.1 billion (P62 billion), from $1.4 billion (P76 billion)
Rank: 2,545th, from 2,020th
Source: JG Summit Holdings Inc., whose interests include food, real estate and hospitality, air transportation, banking, and petrochemicals
William Belo
Net worth: $1 billion (P56.5 billion)
Rank: 2,692nd
Source: Wilcon Depot
