Real estate magnate Manny Villar is still the wealthiest person in the Philippines with a fortune estimated at $8.6 billion, according to Forbes Magazine. Read more:
Villar’s empire is anchored on the property and retail markets—Vista Land & Lifescapes, VistaREIT, Vistamalls, AllHome, and AllDay Marts
According to Forbes, the former lawmaker’s biggest asset is his stake in Golden MV Holdings, a developer of mass housing projects and memorial parks. Ports tycoon Enrique Razon Jr., who chairs International Container Terminal Services , comes second with a net worth of $7.3 billion. ICTSI’s operations cover Asia-Pacific, Eastern Europe, Africa, and America. Aside from holding the country’s biggest port operator, Razon also gains from his hospitality firm Bloomberry Resorts, and business in water utilities and renewable energy through Prime Infrastructure Capital.
Ramon Ang, president of San Miguel Corporation , one of the Philippines’ major conglomerates, followed in third spot with a $3.4 billion net worth. Forbes said SMC dominates the food and beverages market while gaining more momentum in power and infrastructure sectors.Sy is a co-vice chairman of SM Investments, a conglomerate founded by his late father Henry Sy Sr.
Meanwhile, Tan leads Alliance Global, which has cemented its presence in food and beverage, gaming and real estate. Alliance Global runs Emperador, the world's largest brandy company by sales volume
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