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LIST: Filipinos who are part of Forbes' 2024 billionaires list

Published Apr 03, 2024 11:46 am Updated Apr 03, 2024 2:13 pm

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
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
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
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
From upper left: Henry Jr., Hans, Herbert, Harley, Teresita, Elizabeth Sy

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
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
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
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)
Lucio Co

Net worth: $1.2 billion (P67.8 billion)

Rank: 2,595th

Source: Puregold Price Club, Cosco Capital, gaming, hotels

Susan Co (newcomer)
Susan Co

Net worth: $1.1 billion (P62 billion)

Rank: 2,691st

Source: Puregold Price Club, Cosco Capital, gaming, hotels

Lance Gokongwei
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
William Belo

Net worth: $1 billion (P56.5 billion)

Rank: 2,692nd

Source: Wilcon Depot