50 Richest Men and Women of the Philippines

1. Henry Sy & family
Worth $12,000 M
Age: 88
The Philippines' richest person Henry Sy saw his fortune swell by $2.9 billion, boosted by the surge in shares of his SM Investments, the country's most valuable company, which reported record profits of over $570 million in 2012.





2. Lucio Tan & family
Worth $7,500 M
Age: 79
Lucio Tan, the Philippines' second richest person and this year's biggest gainer, got a $3 billion boost after consolidating his private holdings into LT Group, including Asia Brewery, maker of popular Beer na Beer, and stake in Philip Morris Fortune Tobacco, which has an estimated 80% market share of the country's cigarette market. After selling his 49% stake in Philippine Airlines to San Miguel last year, Tan said he may sell the remaining 51%. PAL Holdings, through which he owns most of that stake, did a private placement after trading in its shares was halted in January for failing to meet a 10% public float rule.





3. Andrew Tan
Worth $4,600 M
Age: 60
Andrew Tan doubled his fortune and climbed three spots to Number 3, as shares of his holding firm Alliance Global zoomed. Planned IPO of Resorts World Manila, which he controls with casino operator Genting Hong Kong reportedly postponed in late June.





4. Enrique Razon, Jr.
Worth $4,500 M
Age: 53
Shares of Enrique (Ricky) Razon's International Container Terminal Services, which owns 28 ports in 19 countries, gained by a third on rising shipments. His casino operator Bloomberry Resorts opened the doors to its $ 1billion Solaire Resorts & Casino in March. He backs the Philippines Golf Tour.





5 . John Gokongwei, Jr.
Worth $3,400 M
Age: 85
JG Summit, conglomerate that John Gokongwei founded, recently put off the IPO of its Robinsons Retail Group which owns the Toys R Us franchise, among much else. In June, group's low cost airline Cebu Pacific caused Davao airport to close for more than 24 hours after one of its planes skidded off the runway during landing. Go Hotels, group's foray into no-frills accommodations, opened its sixth property recently.





6. Jaime Zobel de Ayala & family
Worth $3,100 M
Age: 79
Jamie Zobel de Ayala, chairman emeritus of Ayala Corp., Philippines oldest conglomerate, saw shares surge by a third in past year on strong revenues, profits in banking, real estate and water businesses. A proposal to merge his Bank of the Philippines Islands with Lucio Tan's (No 2) Philippine National Bank unravelled. Group was recently appointed distributor for Volkswagen in the Philippines.





7. Family Aboitiz
Worth $3,000 M -
Family that controls Cebu-based conglomerate Aboitiz Equity Ventures, enters top 10 as fortune, earlier split and listed separately under patriarch Enrique who died in January, and his nephew Jon Ramon, now represents combined interest of wider clan.





8. David Consunji
Worth $2,700 M
Age: 91
ormer concrete inspector David Consunji went on to earn acclaim as country's "father of construction" after founding DMCI in 1954. Today, construction giant gets most of its income from power generation, water, real estate and infrastructure. Took controlling stake in London-listed nickel mining outfit Toledo Mining in April with aim of delisting it. Also controls Semirara Mining, country's largest coal producer.





9. George Ty & family
Worth $2,600 M
Age: 80
Banking tycoon George Ty added $900 million to his net worth as his holding outfit GT Capital saw profits nearly double to $150 million in 2012 on rising revenues in banking, car production and distribution, real estate and power operations. Company raised $350 million in a January share sale to buy more shares in Toyota Motor Philippines in which it now has 51%. Founded Metropolitan Bank, country's second largest lender, in his twenties; stepped down as chairman in 2006 in favor of son Arthur.





10. Lucio and Susan Co
Worth $1,900 M
Age: 58
Retailing duo Lucio and Susan Co who started with one hypermarket in 1998, break into top 10 this year amid booming sales at their Puregold Price Club, country's second largest retailer, after Henry Sy's SM Group. In May, Cosco did a $400 million offering at a 30% discount to fund expansion, driving share price down.





11. Tony Tan Caktiong & family
Worth $1,700 M
Age: 60
Jollibee Foods is country's largest fast-food outfit, with nearly a dozen different chains including Jollibee, Chowking, Greenwich Pizza; more than 2,000 stores in the Philippines and 541 overseas. Wealth of restaurant mogul, who also owns Burger King franchise in the Philippines, got boost as Jollibee's shares gained 40% over last year on rising profits.





12. Robert Coyiuto, Jr.
Worth $1,500 M
Age: 60
Robert Coyiuto Jr gets bulk of his wealth from a 30% holding in Philippine power transmission company National Grid Corporation, which is co-owned by Henry Sy's son Henry Jr. Director of John Gokongwei's (No5) foods outfit Universal Robina. Luxury car distributor, he opened country's first Bentley showroom in May.





13. Emilio Yap
Worth $1,350 M
Age: 87
Media tycoon Emilio Yap, chairman of newspaper Manila Bulletin, gets biggest chunk of wealth from more than two-thirds stake in Philtrust Bank, where he sits on board as chairman emeritus.





14. Roberto Ongpin
Worth $1,300 M
Age: 76
Wealth of Roberto Ongpin, former minister of trade and industry under Marcos regime, took hit on 30% drop in shares of Atok Big-Wedge, mining firm he chairs. Got reprieve when a freeze on his bank accounts last December (for preferential treatment he allegedly received from a state owned bank) was lifted in May this year.





15. Inigo & Mercedes Zobel
Worth $1,200 M
Age: 57
Siblings Inigo & Mercedes Zobel inherited wealth from their late aunt of the Zobel de Ayala clan that controls Ayala Corp. They also hold a stake in San Miguel through investment firm Top Frontier which Inigo chairs. Mercedes, a philanthropist, is a director of the London-based Women for Women International, which provides aid in conflict zones.





16. Manuel Villar
Worth $1,050 M
Age: 63
One time president of the Nacionalista Party, Manuel Villar joins billionaire ranks for the first time after doubling his stake in listed home builder Starmalls, formerly called Polar Property, following a merger with privately-held Althorp Holdings. Shares of his other property outfit Vista Land & Landscapes, which son Paolo runs, also gained in past year. Longtime senator, he recently stepped down after 12 years in the senate. Plans to devote more time to charitable arm Villar Foundation, which focuses on health, environment, culture, and education





17. Andrew Gotianun
Worth $1,000 M
Age: 85
Shares of Filinvest Development, conglomerate that Andrew Gotianun founded and chairs, gained over 20% in past year, making him a billionaire. Run by daughter Josephine, it was shortlisted along with partner Singapore's Changi Airport Group, as one of seven bidders for the $425 million expansion of the Mactan International Airport in Cebu. Family recently sold minority stake in preparation for a share sale to raise funds for new power and hotel ventures. Son Jonathan chairs EastWest Bank, which went public last year.





18. Beatrice Campos & family
Worth $900 M -
Beatrice Campos' late husband Jose Campos co-founded drug-maker Unilab, which makes up biggest portion of family's fortune. Family also has controlling stake in Del Monte Pacific, run by son Joselito and as of June the first company to have a dual listing in Singapore and the Philippines.





19. Vivian Que Azcona & family
Worth $840 M -
Vivian Que Azcona is president of privately-held Mercury Drug, the country's largest drugstore chain, which is rumored to be mulling a backdoor listing.





20. Eduardo Cojuangco
Worth $825 M
Age: 78
Chairman of San Miguel, once Southeast Asia's largest food and beverage company, Eduardo Cojuangco Jr. lost his billionaire status after selling his stake in what is now diversified conglomerate to protégé Ramon Ang, investment group Top Frontier, led by Roberto Ongpin (No.14) , for $780 million last June at a 34% discount to market price. In May, San Miguel bought a 35% stake Northern Cement, which he founded and still owns majority stake in, for $71 million.





21. Alfonso Yuchengco & family
Worth $705 M
Age: 90
Yuchengco Group was started by Alfonso Yuchengco's late father Enrique as a small insurance firm in 1930. Now it has interests in more than 60 businesses including controlling stake in Rizal Commercial Banking Corp, country's fifth-largest bank by assets, which his daughter Helen chairs. Shares up nearly 50% from last year; 2012 net profit up 24% from previous year.





22. Oscar Lopez & family
Worth $675 M
Age: 83
Patriarch Oscar Lopez is chairman emeritus of Lopez Holdings with interests in broadcasting and cable, telecom and power. Fortune up as it includes share of nephew Eugenio, earlier listed separately, who chairs media conglomerate ABS-CBN Corporation. It recently signed a five- year network sharing deal with Ayala-led Globe Telecom for ABS -CBN Convergence, its new telecom venture that will launch services later this year.





23. Betty Ang
Worth $600 M -
Betty Ang, the low profile president of Monde Nissin, a company known for its M.Y. San biscuits and Lucky Me! instant noodles, enjoyed big boost to her wealth amid buoyant sales.The privately-held firm controls close to a one third share of the biscuits market as well as 60% of instant noodles. Her husband is head of Khong Guan, an Indonesian biscuit maker.





24. Jorge Araneta
Worth $505 M -
Chair of Araneta Group Jorge Araneta, hails from family of sugar barons who founded the Ma-ao sugar refinery in Negros province over a century ago. Late father J Amado Araneta went on to build the Araneta Center complex in 1959, which houses the Smart Araneta Coliseum, one of Asia's largest indoor sports arenas.Group also has franchises for Pizza Hut, Taco Bell, Dairy Queen, Wendy's and 7-11. Other interests include the Makati Medical Center and the Binibining Pilipinas, a beauty pageant overseen by wife Stella, a former Miss Columbia.





25. Carlos Chan
Worth $500 M
Age: 72
Newcomer Carlos Chan leads snack food firm Liwayway which started as a small outfit packaging corn starch in post-war Manila but is today best known for its popular brand Oishi. In the 1980s, he took Oishi to China, creating an outpost in Shanghai, where he was named an honorary citizen in 2005.





26. Michael Romero
Worth $490 M
Age: 40
Converted family's reclaimed land into Harbour Center Port Terminal, now country's biggest bulk and breakbulk port. Listed his port assets in 2011, with a reverse takeover of listed MIC Holdings, renaming it GlobalPort






27. Eric Recto
Worth $485 M
Age: 50
Eric Recto's fortune got a boost after he bought shares in Philippine Bank of Communications in which he now holds a 24% stake, from uncle Roberto Ongpin (No.14) who resigned as co-chairman last December. Shares of developer Alphaland in which he has stake with uncle, rose by one fourth in past year. In February, he resigned as president of oil refiner Petron to become its vice chairman.





28. Mariano Tan, Jr.
Worth $435 M
Age: 51
Mariano Tan Jr. is the son of one of three cofounders of drug maker Unilab and still owns a stake in it. Also has holdings in real estate firm Greenfield Development. Got his start working at Citibank in New York, after attending university in the US. Joined Unilab in 1984 as vice president; now vice chairman.





29. Frederick Dy
Worth $290 M
Age: 58
Frederick Dy, chairman of Security Bank, nation's 10th largest by assets, saw his wealth rise as the bank's shares continued to gain. Net income increased 12% while total assets grew by over 20% last year, amid an expanding economy. The bank recently funded the renovation of an exhibition gallery at The National Museum which named it the Security Bank Hall. Shares fortune with wife Evelyn.





30. Walter Brown
Worth $270 M
Age: 74
One of 7 newcomers to the list this year, Walter Brown was president of Roberto Ongpin-controlled mining outfit Atok-Big Wedge, where he has minority stake, until 2012. Trained geologist, founded and chairs A. Brown Company, which owns property in the Mindanao region, oil palm plantations.





31. Ramon Ang
Worth $260 M
Age: 59
Vice chairman, president and COO of San Miguel, Ramon Ang debuts on list after buying an 11% stake in conglomerate from chairman Eduardo Cojuangco (No. 20) for $630 million last June, partly financed by debt. In 2007, he took charge of San Miguel's operations and started diversifying the food and beverage company into power, infrastructure, oil and gas. Company's shares fell on an IMF report that a big Filipino congloemrate was on brink of default; Ang denied that it was San Miguel though he has been selling assets. He also heads up Philippine Airlines, now 49% owned by San Miguel. He owns stakes in privately-held Eagle Cement and Diamond Hotel in Manila.





32. Jose Antonio
Worth $255 M
Age: 66
Founder, chairman of Century Properties, Jose Antonio started company 25 years ago with just 6 people. Now has high-end condo projects across Manila and workforce of over 3,000. Century City Mall, it's first retail development, is slated to open in the last quarter of 2013 in downtown Manila.





33. Wilfred Steven Uytengsu, Jr. & family
Worth $250 M
Age: 51
Wilfred Uytengsu Jr. ook Alaska Milk, country's largest milk producer, private after selling his family's controlling stake for $300 million last year to Dutch dairy giant Royal FrieslandCampina. Remains its president and chief executive. Avid sports enthusiast, he owns basketball team Alaska Aces; sponsors the Alaska Football Cup and IronKids Triathlon in the Philippines.





34. Manuel Zamora
Worth $240 M
Age: 73
Mining baron Manuel Zamora Jr, is tad poorer this year as Nickel Asia, country's largest nickel miner which he chairs, reported a 42% drop in net income in 2012, whacked by lower nickel prices and increased operating expenses.





35. Jacinto Ng
Worth $230 M -
Jacinto Ng Sr. took Asia United Bank, which he chairs, public in May, raising $192 million. Money to be used for international expansion to tap remittances from overseas Filipinos. His privately-held biscuit maker Rebisco is launching a range of ready-to-eat meals. Property arm Extraordinary Group is building low-cost apartments for $8,000 apiece. Owns hotel outfit Quantuvis that runs the Oakwood brand of serviced apartments in Manila; stakes in Sy's listed property units Belle Corp and Highlands Prime.





36. Alfredo Ramos & family
Worth $225 M
Age: 69
National Book Store, the country's largest books and office supplies chain, started by Alfredo Ramos' late father Jose Ramos and mother Socorro in 1946, is preparing for a backdoor listing via family's listed Vulcan Industrial & Mining. As part of the restructuring, expected to be concluded by 2014, group firm Anglo-Philippine Holding will acquire the mining assets of Vulcan which will be renamed National Book Store Retail. Net profits at his copper producer Atlas Consolidated Mining & Development more than doubled in a recent quarter, despite volatile copper and gold prices, thanks to a slew of cost cuts.





37. Gilberto Duavit & family
Worth $224 M
Age: 78
Gilberto Duavit saw his wealth decline as shares of GMA Network, which he controls with Felipe Gozon(no. 41) and Menardo Jimenez (no.38), plunged 24% after a failed bid last October by Manuel Pangilinan's (No. 50) Philippine Long Distance Telephone to acquire a controlling stake in the radio and television broadcaster. Son Gilberto Jr. runs family holding company GMA Holdings.





38. Menardo Jimenez
Worth $223 M
Age 81
Menardo Jimenez owns close to one third of GMA Network together with Gilberto Duavit and brother-in-law Felipe Gozon (no. 41). He chairs finance firm Unicapital. Son Joel and daughter Laura sit on GMA's board. Son Menardo (Butch) Jr. is a senior vice president of Pangilinan's Philippine Long Distance Telephone.





39. Edgar Sia
Worth $210 M
Age: 36
Grocer's son, Edgar Sia II founded Mang Inasal, a Filipino-style grilled chicken chain which he sold to Tony Tan Caktiong's (No.11) Jollibee Foods in 2010 for $65 million. Still owns 30% of the 500 outlet chain. Last year, he and Tan set up DoubleDragon Properties, to focus on the commercial and mass housing markets. New businesses include a franchise for China's budget hotel chain JinJiang Inns, set to open its first hotel in Manila this year. He also holds a minority stake in the Philippines Bank of Communications, where he is an advisor to the board.





40. Bienvenido Tantoco, Sr. & family
Worth $205 M
Age: 92
Bienvenido Tantoco Sr's family-owned Rustan Commercial, country's leading upscale department store and supermarket chain, run by his daughter Zenaida, partnered Ayala Land last year to bring Japanese convenience store chain FamilyMart to the Philippines; opened the first store in April and plans to open a total of 40 by year end. Jardine Matheson-owned Dairy farm is Rustan's partner in its grocery chain. Started first store with late wife in 1951. Franchisee for Marks & Spencer, Starbucks Coffee, Prada, Payless Shoes.





41. Felipe Gozon & family
Worth $200 M
Age: 73
Lawyer Felipe Gozon has been running GMA Network since 2000, which he controls with Gilberto Duavit (no.37) and Menardo Jimenez (no. 38).





42. Alfredo Yao
Worth $180 M
Age: 69
Alfredo Yao is known as country's 'juice king' for his popular Zest-O brand of beverages.Also owns Asiawide Refreshing Corp, the local licensee of RC Cola. He recently partnered Malaysian airline tycoon Tony Fernandes, doing a share swap between his budget airline Zest Airways and AirAsia Philippines.





43. Michael Cosiquien
Worth $175 M
Age: 39
Michael Cosiquien founded Megawide Construction in 1997 with Edgar Saavedra (No.43) just after graduating as civil engineer. Company, in which Sy family has minority stake, counts Sy's Belle Grand Casino among its notable projects.





44. Edgar Saavedra
Worth $170 M -
With Michael Cosiquien founded Megawide Construction in his 20s just after graduating from college with a degree in civil engineering. Last August, company won government contract to build schools and is eyeing other public infrastructure projects. It's set to bid on the $425 million Mactan-Cebu airport construction project in August with Indian partner GMR .





45. Juliette Romualdez
Worth $165 M -
Juliette Romualdez, the wdow of Benjamin (Kokoy) Romualdez, Imelda Marcos' younger brother, who died last year, recently sold family's minority stake in Sy family's Banco de Oro bank, to a group of foreign funds. She still retains shares in Benguet, the nation's oldest mining firm, which son Benjamin Philip, an Oxford grad, has been running since 1998.





46. Tomas Alcantara & family
Worth $160 M
Age: 67
Tomas Alcantara gets his wealth from an 80% stake in listed power, mining firm Alsons Consolidated Resources which is investing over $1 billion over next five years to build new power plants in electricity-starved Mindanao province. Also expanding mining and power operations in Indonesia where it runs a joint venture with the trading arm of Toyota. He recently teamed up with Jaime Zobel De Ayala's (No.6) property unit Ayala Land to develop a residential and retail complex in Davao.





47. Lourdes Montinola & family
Worth $155 M
Age: 85
Far Eastern University which Lourdes Montinola chairs was founded by her father Nicanor Reyes in 1928 as an accountancy institute. Son Aurelio who is vice chair, recently stepped down as chief executive of the Ayala family-controlled Bank of the Philippine Islands where he'd worked for three decades. Son Juan Miguel is Far Eastern's CFO. Daughter Gianna, a lawyer, sits on board





48. Luis Virata
Worth $120 M
Age: 59
Wharton MBA Luis Virata's fortune comes largely from his 12% stake in Nickel Asia, a nickel exploration and production firm. In December, Manuel Pangilinan's Metro Pacific Investment Corp invested $156 million in Cavitex Holdings, formerly known as Coastal Road Corp, which operates a toll road between Manila and Cavite, Virata's home province. Earlier, Cavitex had sold a 30% stake to New York-based Thornhedge Equity Invesments for an undisclosed amount. He also chairs and runs investment bank CLSA Exchange Capital.





49. Philip Ang
Worth $115 M
Age: 72
Philip Ang is the vice-chairman of Nickel Asia, country's biggest nickel producer, where he holds a 13.5% stake. Also a director of Frederick Dy's Security Bank. Originally made his wealth from the textile business.





50. Manuel V. Pangilinan
Worth $105 M
Age:67
Manuel Pangilinan, chief executive of Hong Kong-listed First Pacific, which owns big brands like Philippine Long Distance Telephone, TV 5 and Meralco in the Philippines and Indonesian instant noodles maker Indofood, returns to list after 5 year gap despite facing a series of setbacks that prompted him to declare 2012 as a "horrible year".