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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

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

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
News and Events

Henry Sy Sr. is Biggest Billionaire Not Just in PH But in Southeast Asia

The SM Group founder is richer than the heads of Japan’s Uniqlo and of South Korea’s Samsung

Henry Sy Sr., 93, remains the country’s richest Filipino for the 10th year in a row as he leads the 12 Filipinos who made it to the exclusive 2018 Forbes World’s Billionaires List, released on March 6, Tuesday.Sy ranked at 52nd place among the ...

by Elyssa Christine Lopez  | March 07, 2018 01:00:00
News and Events

Meet Lucio and Susan Co: The Lone Husband-and-Wife Couple in the Philippines' 50 Richest List

Why are the life and business partners listed together in the exclusive list dominated by men?

Over 80 percent of the tycoons included in business magazine Forbes’ list of the Philippines’ 50 richest people are married. Several are widowed, while others are not specified. However, except for one entry, all the married rich-listers are not ranked with their ...

by Lorenzo Kyle Subido  | February 15, 2018 09:00:00
News and Events

How Do Henry Sy, John Gokongwei Jr. and Lucio Tan Compare with Other Rich Listers in the ASEAN?

The PH tycoons would still be part of the region’s 50 wealthiest but with different rankings

Over the course of the year, Forbes Asia, the regional edition of the US business magazine, comes out with a list of 50 richest people of the different countries in Asia.In late November, the magazine published online the list of Indonesia’s 50 ...

by Lorenzo Kyle Subido  | December 10, 2017 09:00:00
News and Events

Sys, Zobels Retain Spots in Asia’s 50 Richest Families but Aboitizes Leave Exclusive List

The 50 Asian families who made the list have a combined net worth of $700 billion

Two Filipino clans made it to the list of Asia’s 50 Richest Families, which was released by business magazine Forbes earlier this week.The Sys ranked ninth in the list with a net worth of $20.1 billion, a 63.4-percent increase from $12.3 billion ...

by Lorenzo Kyle Subido  | November 16, 2017 11:00:00
News and Events

Only 20 Years or Less, These Businesses Helped Their Owners Break Into Exclusive PH Rich List

A list of companies established in the last two decades founded by the country’s richest people

When looking at US business magazine Forbes’ annual list of the Philippines’ richest people, many of the tycoons credit their wealth to businesses they have built and grown over a long period of time, usually decades. Some of these have been passed ...

by Lorenzo Kyle Subido  | October 02, 2017 10:00:00
News and Events

Which Industries Generate the Fortunes of PH’s 50 Richest Tycoons?

Seven sectors stand out as top favorites of the country’s wealthiest business owners

US business magazine Forbes’ list of the Philippines’ 50 richest people features tycoons with a diverse set of businesses. While some tycoons have built diversified conglomerates with stakes in multiple industries, others have grown businesses that have specialized in one or two ...

by Lorenzo Kyle Subido  | September 06, 2017 11:00:00
News and Events

Despite Industry Woes, Mining Tycoons Walter Brown and Philip Ang Return to Forbes PH Rich List This Year

The two businessmen are worth $160 million and $120 million, respectively

No other industry has seen more shakeups in the past 12 months than the mining sector.This is due in large part to former secretary of the Department of Energy and Natural Resources (DENR) Gina Lopez. Under her leadership, the DENR suspended 23 ...

by Lorenzo Kyle Subido  | September 05, 2017 11:00:00
News and Events

Meet the Youngest Members of This Year's Forbes Richest Filipinos List

They're all under age 45

The release of the Forbes Philippines' 50 Richest list always makes the headlines, even if there are few surprises. This year, for example, SM mogul Henry Sy tops the list for the tenth time in a row, followed—again—by John Gokongwei and Enrique Razon.It’s a different story ...

by Esquire Philippines  | August 27, 2017 12:00:00
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