Christopher ZeniosAfter the passing of Henry Sy Sr., his six siblings took over the combined net worth of $17.2 billion, that emanated and continues to originate from the country’s largest firm, SM Group. This high net worth was held by Sy Sr. for 11 consecutive years. The Sy siblings are Teresita, Elizabeth, Henry Jr, Hans, Herbert, and Harley Sy.
The inherited assets are mostly comprised of stakes which are held in the group SM Investment Corp, a corporation that consists of shopping malls and real estate, and also SM Prime Holdings Inc, a real estate developer.
The Ty Siblings of GT Capital are Arthur, Alfred, Alesandra, and Anjanette and they succeeded their father George Ty, who developed GT into a major conglomerate which consists and includes real estate, insurance, power generation, and automotive firms. These siblings are currently the 9th richest in the Philippines with a combined net worth of $2.6 billion.
Jocelyn, Joselito, and Jeffrey Campos, also known as the Campos Siblings, replaced the late Beatrice Camps which had a net worth of $650 million. Their riches stem from the Philippines’ pharmaceutical behemoth Unilab – cofounded by Jose Campos – of which Jocelyn – the eldest sibling – is the company chairman now.
Among the new class of HNWI was Antonio Lee Tiu who entered the list of Philippines richest with a net worth of $135 million. Antonio has shares of agri-products that he founded 22 years ago and have been steading risings in the past several years.
Energy and Logistics expert Dennis Uy joined the list with an estimated net worth of $660 million. He began ascending to financial power when he founded Phoenix Petroleum in 2002 and grew it into the Philippines’ largest independent fuel retailer. His entire group rose 28% in 2018 and now he’s waiting for the approval to enter Udema in the Philippine Stock Exchange.
Delfin Wenceslao also made his debut on the rich list after taking real estate developer, D.M. Wenceslao & Associates, public in 2018. His net worth is approximately $500 million.
The full list of Philippines Richest 2019 can be found on Forbes, however, directly below you can see the top 15 as it currently stands:
1) Sy siblings: US$17.2 billion
2) Manuel Villar: $6.6 billion
3) John Gokongwei, Jr.: $5.3 billion
4) Enrique Razon, Jr.: $5.1 billion
5) Jaime Zobel de Ayala: $3.7 billion
6) Lucio Tan: $3.6 billion
7) Tony Tan Caktiong: $3 billion
8) Ramon Ang: $2.8 billion
9) Ty siblings: $2.6 billion
10) Andrew Tan: $2.55 billion
11) Inigo and Mercedes Zobel: $2.5 billion
12) Mercedes Gotianun: $2.2 billion
13) Consunji Siblings: $2 billion
14) Lucio and Susan Co: $1.8 billion
15) Roberto Ongpin: $1.77 billion
Image Source by Triplow
