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News and Events

Media Mogul Woes: Weak First-Half Record at ABS-CBN, GMA Take Toll on Owners' Fortunes

Forbes' latest Philippines rich list details impact of digital disruption on TV empires

Owning a giant mass media empire remains one of the major paths to vast wealth in the Philippines.This is apparent in Forbes magazine’s 2018 list of 50 richest people in the Philippines, which included major shareholders of the country’s two leading television ...

by Lorenzo Kyle Subido  | September 10, 2018 08:00:00
News and Events

Wilcon Founder William Belo, Fashion Designer Josie Natori Lead 6 Newcomers to Forbes' 2018 PH Rich List

This year saw the most number of new entries and exits in the exclusive list since 2013

Business magazine Forbes’ latest list of the Philippines’ 50 richest people features six new names. That’s the highest number of newcomers since 2013, when the list was expanded from 40 tycoons to 50.Leading the six newcomers is William Belo, the founder and ...

by Lorenzo Kyle Subido  | September 06, 2018 12:00:00
News and Events

Manny Villar is No. 2 in Forbes' 2018 PH Rich List After Net Worth Triples to $5-B

The growth in his wealth driven by soaring share price of his Golden Bria Holdings

Real estate tycoon and former senator Manuel Villar is now worth $5 billion (Php267.3 billion), according to the newest Philippine rich list published by business magazine Forbes.That’s more than triple his $1.6 billion net worth last year and makes him the second ...

by Lorenzo Kyle Subido  | September 06, 2018 06:00:00
News and Events

Crazy Rich Indeed: There Are More Dollar Billionaires from Asia Than the US

A quick comparison of the richest billionaires from the US and the Asia-Pacific region

Among the many factors fueling the hype for Crazy Rich Asians, a film based on a novel of the same name published in 2013, is the rare glimpse it gives to ultra wealthy Asian societies, a group that is much less talked ...

by Lorenzo Kyle Subido  | August 17, 2018 09:00:00
News and Events

Warriors vs. Cavs: Which of the NBA Finalists is Richer and More Valuable?

A look at how both teams compare to each other and the other NBA teams financially

For the fourth year in a row, the Golden State Warriors and the Cleveland Cavaliers are outshooting each other for the coveted NBA Finals championship. The Warriors took home the title twice in the past three years, while the Cavaliers won in ...

by Lorenzo Kyle Subido  | June 09, 2018 09:00:00
News and Events

More Exclusive Than Billionaire Ranking: Only 6 PH Conglomerates In This Year's Forbes Global 2000 List

Two Filipino holding companies failed to return to the list of world’s leading firms

Six Philippine companies were included in the latest Global 2000, a list of the world’s largest public companies compiled by business magazine Forbes.That’s two less than the eight companies that made it last year, and just half of the 12 Filipinos who ...

by Lorenzo Kyle Subido  | June 08, 2018 01:00:00
News and Events

LeBron James vs Stephen Curry: Who Made More Money in the Past Year?

Check out the NBA players included in Forbes’ World’s 100 Highest-Paid Athletes 2018

No matter which team ends up as champions in this year’s NBA Finals, many of the star players of the Cleveland Cavaliers and Golden State Warriors will still go home as big money winners.In Forbes magazine’s World’s Highest-Paid Athletes 2018, the top ...

by Elyssa Christine Lopez  | June 06, 2018 05:00:00
News and Events

Duterte Makes It to List of World’s Most Powerful People For 2nd Straight Year

He’s the only Southeast Asian leader to be included in the exclusive ranking

President Rodrigo Duterte was included in business magazine Forbes’ latest list of the world’s most powerful people. He is the only Filipino as well as the only Southeast Asian to be included in the list, ranking 69th among the 75 powerful individuals.In ...

by Lorenzo Kyle Subido  | May 09, 2018 04:00:00
News and Events

Wilcon CEO Included in Forbes Asia’s Emergent 25 List of Influential Women

The 39-year-old exec is credited for leading Wilcon Depot’s aggressive expansion in the past year

Lorraine Belo-Cincochan, the daughter of Wilcon founder and chairman emeritus William Belo, was cited by Forbes Asia for her leadership in the company’s “most aggressive expansion yet”Lorraine Belo-Cincochan, the president and CEO of listed home improvement retailer Wilcon Depot, is one of the ...

by Lorenzo Kyle Subido  | May 07, 2018 03:00:00
News and Events

Yes, Bruno Mars is Already a Billionaire (If He’s in the Philippines)

The Fil-Am artist may have already attained his wish if his net worth is converted to Philippine pesos

After co-writing and singing the hit song Billionaire in 2010, Grammy Award winner Bruno Mars seemed to be pulling no stops to actually become one.“I wanna be a billionaire so freakin' bad, buy all of the things I never had. I wanna ...

by Elyssa Christine Lopez  | May 03, 2018 05:00:00
News and Events

6 PH Achievers Make it to Forbes’ 30 Under 30 Asia List for 2018

The list includes a fintech startup CEO, a pastry chef and a social media icon

Six Philippine-based achievers active in different industries were included in business magazine Forbes’ latest 30 Under 30 Asia list, an annual listing of Asia’s most innovative and influential individuals aged 30 and below.The 30 Under 30 Asia list is made up of ...

by Lorenzo Kyle Subido  | March 27, 2018 10:00:00
News and Events

Did Market Speculation in Golden Haven Help Double Manny Villar's Net Worth to $3B?

The company's stock price rose 1,400 percent since the start of the year

Though ranking only seventh among Filipinos in the recently-released Forbes’ global billionaires list, property developer and former Senate President Manuel Villar still stands out for doubling his net worth from $1.5 billion in February 2017 to $3 billion in February 2018.   Of all the ...

by Elyssa Christine Lopez  | March 14, 2018 12:00:00
News and Events

How Did Henry Sy's Net Worth Grow to $20 Billion?

A close look at the listed corporate holdings of the Philippines’ richest person

SM group founder Henry Sy Sr. had a net worth of $20 billion as of February 2018, according to business magazine Forbes’ latest listing of the world’s dollar billionaires. That not only extended his title as the richest man in the Philippines, ...

by Lorenzo Kyle Subido  | March 12, 2018 09:00:00
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