MANILA, Philippines – From diving in a sea of trash as a child, Manny Villar has emerged as the Philippines' richest, according to Forbes 2019 list of richest people in the world.
The 69-year-old boasts a net worth of $5.5 billion, thanks to his real estate businesses.
Villar, who once aspired to be the country’s president, is currently the chairman of Starmalls and Vista & Landscapes. He also owns Golden Bria, a housing and condominium developer.
Villar's ascent to the top was quick, as he was just at the 12th spot last 2017. Villar now ranks 317th worldwide.
The runner-up for the country’s richest is JG Summit founder John Gokongwei Jr., with a net worth of $5.1 billion.
Gaming tycoon and chair of International Container Terminal Services Enrique Razon Jr ranks 3rd, with a net worth of $4.8 billion.
Taking the 4th spot is Lucio Tan, with a net worth of $4.4 billion. He has a diverse portfolio, ranging from tobacco, spirits, banking, and property development.
Meanwhile, Jollibee’s Tony Tan Caktiong and his family moved a notch up the list, taking in the 5th spot with a net worth of $3.9 billion.
Jumping by 2 places up the list is San Miguel president Ramon Ang. He has a net worth of $2.9 billion.
Another rags-to-riches story making it on the list is Andrew Tan, taking the 7th spot with a net worth of $2.7 billion.
Tan heads Alliance Global, a listed holding firm which packs big subsidiaries, including Megaworld and Emperador. He also heads Jollibee’s prime rival McDonald’s Philippines.
Newcomers on the list are all 6 of Sy’s children. Hans and Herbert got the 8th spot with a net worth of $2.4 billion.
Harley ($2.2 billion), Henry Jr. ($2.2 billion), Teresita ($2.2 billion), and Elizabeth ($1.9 billion), take up the 9th and 10th spots.
Tied at the 11th spot are Marcos crony Eduardo “Danding” Cojuangco and Robert Coyiuto Jr. They have a net worth of $1.4 billion.
Taking the 12th place is Ricardo Po Sr. and his family with a net worth of $1.2 billion. He is into the food business, most notably Century Pacific and fast food chain Shakey’s, and is into the properties sector as well.
Rounding up the country’s billionaires is Roberto Ongpin, with a net worth of $1.1 billion. Ongpin has many business interests, including properties, leisure, and gaming.
With all their cash combined, all 17 of them have a total net worth of $47.7 billion. The latest figure is lower than last year's $55.2 billion with 12 billionaires. – Rappler.com