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Henry Sy still PHL's richest person – Forbes Asia


Property, retail and banking tycoon Henry Sy has retained his title as the country's richest person for the eighth consecutive year. 
 
Sy saw his net worth increase as the value of his publicly-traded conglomerates, SM Investments and SM Prime Holdings, rose by 17 percent and 20 percent  respectively over the past year.
 
According to Forbes, the Top 10 richest in the Philippines are:
 
  • Henry Sy – $14.4 billion

  • John Gokongwei Jr. – $5.5 billion

  • Andrew Tan – $4.5 billion

  • Lucio Tan – $4.3 billion

  • Enrique Razon Jr. – $4.1 billion

  • George Ty – $4 billion

  • Aboitiz Family – $3.6 billion

  • Jaime Zobel de Ayala & family – $3.5 billion

  • David Consunji – $3.2 billion

  • Tony Tan Caktiong – $2.2 billion
 
The list was compiled using shareholding and financial information obtained from the  families and individuals, stock exchanges, analysts and other sources. 
 
Unlike the Forbes  billionaire rankings, this list includes family fortunes, including those shared among extended  families such as that of John Gokongwei Jr. and his relatives. 
 
Net worths are based on stock prices and exchange rates as of the close of markets on August 14. Private companies were valued based on similar companies that are publicly traded. – VS, GMA News
Tags: forbesphilippinesrichlist, forbesasia, forbesbillionaires
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