Things have changed since Forbes’ list of The World’s Billionaires was released in 2014. This 2015 there have been a few shakeups in the Top 10 richest people in the Philippines, and some changes in net worth.
Interestingly, many of the country’s wealthiest people are self-made (including the richest man in the Philippines, Henry Sy). So if you’re determined enough and have the right business savvy, you might just find yourself on this list in the future.
Sy of SM Investments Corporation consolidates his status as the richest person in the Philippines for the seventh year in a row, his net worth increasing by 10 digits due to the growth of the largest Philippine retailer. Sy is also now the 73rd richest person in the world.
John Gokongwei climbs to second place on the back of the strong revenue growth of JG Summit Holdings Inc.
The construction boom has propelled to No. 7 DMCI Holdings Inc.'s David Consunji, who is more than $1 billion richer now than he was when Forbes calculated his wealth in 2013.
Lucio Tan’s net worth took a hit over worries about the cigarette market.
Jaime Zobel de Ayala, who ranked No. 9 in 2014 with a net worth of $3.4 billion, is a surprise exclusion from the list, but that’s because the data for his net worth this year is not yet available.
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