Forbes’ billionaire list includes the heirs of the Sy clan, who operate the country’s largest mall chain. They saw their wealth grow led by SM Prime Holdings directors Hans and Herbert Sy who are worth three billion dollars each. They shared the 4th spot with Andrew Tan, president of Alliance Global Group.
Harley Sy, Henry Sy Jr. and Teresita Sy-Coson tied for the 5th spot with a net worth of 2.7 billion dollars each, while Elizabeth Sy of SM Investments, who’s worth a smaller 2.4 billion dollars, shared the 6th place with Jollibee Foods founder Tony Tan Caktiong and his family.
With a net worth of 2.2 billion dollars, San Miguel’s Ramon Ang placed 7th. He was tailed by two newcomers: Iñigo Zobel and Lance Gokongwei.
Ricardo Po, owner of food canner Century Pacific, and Edgar Sia II, debuted in the Forbes’ list, tying for the 17th spot with a net worth of 1.1 billion dollars each.