Who are the Top 50 Richest Individuals in PH? See on Forbes List

Forbes has released the “2020 Forbes Philippines Rich List”  and as the pandemic has disrupted the country’s economy, the collective wealth of the Philippines’ 50 Richest has dropped to $60.6 billion from $78 billion a year ago. And a total of  32 Philippine Tycoons in the list saw their fortunes decline.

“Tycoons on the 2020 Forbes Philippines Rich List saw their collective wealth fall 22% to US$60.6 billion as the pandemic disrupted the country’s economy,” Forbes stated. 

Sy Siblings Still at Top

In the list of Forbes’ Philippines’ 50 Richest 2020, the Sy siblings remain at the number one spot of Philippines’ Rich List for this year with a net worth of $13.9 Billion despite losing $3.3 Billion due to the pandemic.

“The Sy siblings took the biggest hit in dollar terms but remain at No. 1 with $13.9 billion. Their fortune was down by $3.3 billion amid a contracting economy and soaring unemployment,’ said Forbes

The six Sy siblings are Teresita, Elizabeth, Henry Jr., Hans, Herbert, and Harley and they inherited their fortune from their late father Henry Sy Sr. Also, according to Forbes, the Sy Siblings combined net worth consists largely of stakes held in the group’s publicly-traded SM Investments and SM Prime.

Philippines’ 50 Richest 2020

Rank	Name	Net Worth (US)
1	Sy Siblings	$13.9 Billion
2	Manuel Villar	$5 Billion
3	Enrique Razon Jr.	$4.3 Billion
4	Lance Gokongwei & Siblings	$4.1 Billion
5	Jaime Zobel de Ayala	$3.6 Billion
6	Andrew Tan	$2.3 Billion
7	Lucio Tan	$2.2 Billion
8	Ramon Ang	$2 Billion
9	Tony Tan Caktiong	$1.9 Billion
10	Lucio & Susan Co	$1.7 Billion
11	Mercedes Gotianun	$1.5 Billion
12	Ty Siblings	$1.4 Billion
13	Vivian Que Azcona & Siblings	$1.34 Billion
14	Isidro Consunji & Siblings	$1.3 Billion
15	Roberto Ongpin	$1.2 Billion
16	Soledad Oppen-Cojuangco	$1.15 Billion
17	Ricardo Po, Sr.	$1 Billion
18	Inigo Zobel	$990 Million
19	William Belo	$900 Million
20	Robert Coyiuto, Jr.	$890 Million
21	Edgar Sia II	$700 Million
22	Dennis Uy	$650 Million
23	Campos Siblings	$600 Million
24	Dean Lao	$500 Million
25	Jacinto Ng	$490 Million
26	Mariano Tan, Jr.	$350 Million
27	Delfin J. Wenceslao, Jr.	$340 Million
28	Tomas Alcantara	$300 Million
29	Manuel Zamora	$280 Million
30	Carlos Chan	$260 Million
31	Wilfred Steven Uytengsu, Jr.	$250 Million
32	Oscar Lopez	$240 Million
33	P.J. Lhuillier	$230 Million
34	Jorge Araneta	$220 Million
35	Alfredo Yao	$210 Million
36	Eusebio Tanco	$200 Million
37	Frederick Dy	$190 Million
38	Betty Ang	$185 Million
39	Jose Antonio	$180 Million
40	Michael Cosiquien	$175 Million
41	Jose Ma Concepcion	$174 Million
42	Felipe Gozon	$170 Million
43	Juliette Romualdez	$160 Million
44	Erramon Aboitiz	$150 Million
45	Philip Ang	$140 Million
46	Michael Romero	$135 Million
47	Menardo Jimenez	$125 Million
48	Luis Virata	$115 Million
49	Mikel Aboitiz	$110 Million
50	Lourdes Montinola	$100 Million

According to Forbes, the list was compiled using information from the individuals, stock exchanges, analysts, private databases, government agencies, and other sources. 

“Net worths were based on stock prices and exchange rates as of the close of markets on August 28, 2020. Private companies were valued by using financial ratios and other comparisons with similar publicly traded companies. Since 2017, we’re no longer including families in which the founder of the business has died, unless the successors are wealthy enough to make the cutoff individually; in these cases, we combine the inherited fortunes,” Forbes added. 

Source: Forbes, Philippines’ 50 Richest 2020