Henry Sy tops Forbes’ 50 Richest Filipinos

Rappler.com

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For the 6th straight year, businessman Henry Sy Sr is once again the richest Filipino in the country. In Forbes magazine’s rich list, the 88-year-old Sy tops the Philippine list with a wealth estimated at $12 billion. Forbes reports the collective wealth of the 50 richest people in the Philippines reaches $65.8 billion in 2013, more than a quarter of the country’s total gross domestic product. The 88-year-old Sy operates the Philippines’ biggest shopping mall network– SM, the most valuable real estate firm, SM Prime Holdings, and the biggest bank by assets, BDO Unibank.

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