SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
Mall magnate Henry Sy is the country’s richest again. He has held the top spot for 5 years in a row now. The 87-year-old magnate controls the SM group, which operates the country’s biggest retail business and bank in terms of assets. His estimated wealth is pegged at $9,100 as compared to $7,200 in 2011. Next to Sy, the second richest is Lucio Tan whose wealth amounts to $4,500. Port operator Enrique Razon, who now ranks No. 3, is the biggest gainer. He used to be No. 7 in 2011. Razon has a net worth of $3.6 billion, up from the previous $1.6 billion. There are now 15 billionaires in the country, as against only 11 in 2011.
Read the full story on Rappler.
Other details are available from Forbes Magazine.
Add a comment
How does this make you feel?
There are no comments yet. Add your comment to start the conversation.