Saturday, 26 August 2017

Here are the Top 10 Richest Individuals on the Philippines This 2017

These are the top 10 richest individuals in the Philippines according to Forbes 2017 latest rankings.



#10 Ramon Ang - $2.3 Billion


He is an avid car collector in his leisure time but is the president and vice chairman of San Miguel Incorporation. He started his early business by fixing and selling out used Japanese car and truck with his partner Eduardo Cojuangco.

#9 Andrew Tan - $2.5 Billion


He is a son of a former factory worker and earned his wealth by developing large apartment complexes around Metro Manila. Now he is the chairman of the Alliance Global which is a holding company that invests in food and beverage, gaming, and real estates.


#8 Tony Tan Caktiong - $3.4 Billion


He is the founder and chairman of Jollibee Food chain which is the world's fastest-growing Asian fast food restaurant.

#7 George Ty - $3.6 Billion


He chairs GT Capital Holdings which has invests in banking, auto machinery, infrastructures, power generation and insurance.

George Ty's publicly purchased Metrobank, the country's second-largest bank, that possesses 945 branches around the Philippines.

#6 David Consunji - $3.7 Billion


He is a former concrete inspector who founded construction company DMCI in 1954. The company is known to have interests in power generation, infrastructure, and real estates.


#5 Jaime Zobel de Ayala - $3.7 Billion


His family started a distillery business in Manila and then expanded their franchise into banking, real estates, hotels, telecommunications, and education.

#4 Lucio Tan - $4.2 Billion


When he was starting as a chemical engineer at Far East University, he used to mop floors in order to provide his needs in his studies in college. He is the founder of the $1.1 billion sales of LT Group of the company which engages in tobacco, liquor, banking and property construction.

#3 Enrique Razon, Jr. - $4.3 Billion


His grandfather began his early work within a port in Manila in 1916 and his father rebuilds their business after WWII. He then transformed their business into a global giant where he chairs his firm, the International Container Terminal Services, which is the country's leading terminal operator.


#2 John Gokongwei, Jr. - $5.5 Billion


He started his business in 1957 with a cornstarch plant which has grown into Universal Robina Corporation which is one of the largest food and beverage companies in the country. He is also the founder of JG Summit which promotes air transportation, telecommunications, banking, food, power, and property.

#1 Henry Sy - $18 Billion


He ventured out his first business with a footwear shop after learning from his father in their convenience store. He is now the chair person of SM industries which is one of the largest corporation in the Philippines.

source: forbes.com



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