The family of retail and mall tycoon Henry Sy Sr. is the country’s wealthiest for 2013 with a total net worth of $13.2 billion, up by 45 percent or $4.1 billion more compared to $9.1 billion in 2012, the international financial magazine Forbes reported.
In the Forbes list, Sy was listed as No. 68 among the world’s billionaires, followed by cigarette magnate Lucio Tan, whose aggregate assets rose by $500 million to $4 billion for the year. Tan maintained his ranking as the country’s second richest man, and is No. 248 in the world.
Enrique Razon Jr., also remained in the country’s top three with a networth estimated at $4.9 billion, a big jump of $1.3 billion from $3.6 billion in 2012. Razon has been credited with the massive expansion of family business International Container Terminal Services, Inc., which operates in strategic ports in the world, including North America, the Middle East, and Europe.
Andrew Tan of Megaworld leaped to fourth from last year’s sixth slot with assets of $3.95 billion, surpassing John Gokongwei Jr., whose family’s net worth in 2012 was pegged at $3.2 billion. Tan ranked No. 345 in the world. Gokongwei and the family of Jaime Zobel de Ayala did not make it to the 2013 Forbes’ billionaires list this year.
The family of another construction tycoon David Consunji is fifth richest in the Philippines and is 503th in the world as his assets inched up from $2.7 billion to $2.8 billion in 2013.
Banking tycoon George Ty is in sixth place, two ranks up and 554th in the world as his assets grew by $900 million from $1.7 billion in 2012 to $2.6 billion this year.
Remarkable progress was noted for the family of retail husband and wife team Lucio and Susan Co, whose ranking moved up to No. 7 as the country’s wealthiest from last year’s 13th slot with assets of $2 billion, some $800 million more compared to $1.2 billion the year past.
The ranking of Robert Coyiuto Jr. was three notches higher from No. 11 in 2012 to No. 8 and was valued at $1.6 billion. The husband-and-wife Co ranked No. 736 in the world while Coyiuto is 931.
Fastfood chain tycoon Tony Tan Caktiong with networth of $1.4 billion took the 9th slot in the country’s wealthiest list from last year’s 12th, and is No. 1,031 in the world as his assets improved by $150 million.
Sharing the 10th slot were real estate magnate Andrew Gotianun and Roberto V. Ongpin with total assets of $1.2 billion. Both were ranked No. 1,175 in the world. Ongpin assets, though, dropped by $300 million as well as his ranking from 2012’s $1.5 billion and the ninth wealthiest person in the country, respectively.