Forbes: Villar, Razon, Ang now PHL’s richest persons | VG Cabuag

Property developer Manuel B. Villar Jr. and port magnate Enrique K. Razon Jr. are now the richest Filipinos, according to Forbes magazine. Know more:

PROPERTY developer Manuel B. Villar Jr. and port magnate Enrique K. Razon Jr. are now the richest Filipinos, according to Forbes magazine.

Razon, 63, became the country’s second richest man, with $7.3 billion, adding $1.7 billion as he expands his businesses to water utility, power and integrated resort and gambling. Tycoon Lucio Tan, now at 88, came back into the list with $2.4 billion, while Lance Gokongwei slid to the bottom part of the list with $1.4 billion, along with Jollibee Foods Corp. founder Tony Tan Caktiong at $1.2 billion and Iñigo Zobel with $1 billion.

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