Sy tops richest list in PH

Henry Sy. Wikipedia Photo

MANILA — Mall tycoon Henry Sy tops the list of 50 richest Filipinos for 2014, according to Forbes magazine.

Sy, who owns all the SM malls across the country, has a net worth of US$ 12.7 billion.

He is followed by businessman and Philippine Airlines’ owner Lucio Tan who has US$ 6.1 billion, while Enrique Razon of International Container Terminal Services, Inc. (ICTSI) is at third place with US$ 5.2 billion.

Based on the report, the country’s 50 wealthiest have a combined worth of US$ 74 billion, up by 12% from last year’s US$ 65.8 billion.

Rounding up the top 10 include: Megaworld founder Andrew Tan (US$ 5.1 billion), JG Summit founder John Gokongwei Jr. (US$ 4.9 billion),DMCI Holdings founder David Consunji (US$ 3.9 billion), Metrobank founder George Ty (US$ 3.7 billion), Aboitiz Family (US$ 3.6 billion), Jaime Zobel de Ayala and Family (US$ 3.4 billion), and Jollibee founder Tony Tan Caktiong (US$ 2 billion).

The complete list may be viewed at www.forbes.com/philippines.