down to 4.9 percent during the first quarter, the Philippine stock market has grown by more than 27% since last year, surpassing the 3800 high in 2007. This lifted the fortunes of the country’s richest to an all time high. They’re collectively worth $34 billion, up from last year’s $22.8 billion.
In Forbes Top 40 Richest Filipinos, Henry Sy still remains at number one, growing his diverse SM empire from 2 Billion Dollars last year to more than 7.2 Billion Dollars this year- thats roughly around 309 billion pesos. Lucio Tan still remains at far second place with a net worth of around 2.8 Billion Dollars.
A new comer on the list right now is Roberto Ongpin, who had his net worth grew four folds to more than 1.3 Billion dollars. This is in part due to his investments in the Philippines Stock Market listed mining company Atok Big Wedge.
Here are Your Top 10 Richest People in The Philippines 2011
1. Henry Sy, 86
Shopping Mall King
Net Worth: 7.2 Billion Dollars
Company: SM Investments, SM Prime Holdings
2. Lucio Tan, 77
Tobacco Tycoon
Net Worth: 2.8 Billion Dollars
Company: Philippine Airlines, Fortune Tobacco
3. John Gokongwei, 83
Budget Airline Pioneer
Net Worth: 2.4 Billion Dollars
Company: RLC, Cebu Pacific, JGS
4. Andrew Tan, 58
Property Developer
Net Worth: 2 Billion Dollars
Company: Megaworld, AGI, Mcdonalds Philippines
5. David Consunji, 90
Construction Magnate
Net Worth: 1.9 Billion Dollars
Company: DMCI Holdings
6. Jaime Zobel De Ayala, 77
Businessman
Net Worth: 1.7 Billion Dollars
Company: Ayala Corp, Globe
7. Enrique Razon, at 51
The Port Operator
Net Worth: 1.6 Billion Dollars
Company: ICTSI
8. Eduardo Cojuangco, 76
San Miguel Chair
Net Worth: 1.4 Billion Dollars
Company: San Miguel
9. Roberto Ongpin, 74
Banker
Net Worth: 1.3 Billion Dollars
Company: Atok Big Wedge, Philweb, San Miguel
10. George Ty, 78
Businessman
Net Worth: 1.1 Billion Dollars
Company: Metrobank, Federal Land
Chris
