Photo credits to Forbes
MANILA, Philipines – The popular American business magazine Forbes has released its Top 10 richest people in the Philippines for 2018.
Despite the tough challenges in the country’s economy this year, these billionaires still managed to come out on top.
Old names remain in the exclusive list but few new ones have made it to become the country’s billionaires this year.
Henry Sy remains the richest while Many Villar, who ranked 10th last year, climbed high to the number 2 spot.
John Gokongwei slipped to number 3 (from number 2);
George Ty to number 9 (from number 4);
Lucio Tan to number 7 (from number 3);
and Andrew Tan to number 10 (from number 8).
Enrique Razon, Jr. and Tony Tan Caktiong maintained their spots at number 5 and 6, respectively.
Meanwhile, new names such as Jaime Zobel de Ayala (number 4) and Ramon Ang (number 8) made it to Forbe’s Top 10 Filipino billionaires list for 2018. – Marje Pelayo
Here are the Top 10 Richest People in the Philippines (2018) and their net worth in dollars:
#1 Henry Sy $18.3 B
#2 Manuel Villar $5 B
#3 John Gokongwei, Jr. $4.4 B
#4 Jaime Zobel de Ayala $4 B
#5 Enrique Razon, Jr. $3.9 B
#6 Tony Tan Caktiong $3.85 B
#7 Lucio Tan $3.8 B
#8 Ramon Ang $2.85 B
#9 George Ty $2.75 B
#10 Andrew Tan $2.6 B
Source: www.forbes.com/philippines-billionaires/list
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