{"id":205326,"date":"2019-03-05T23:22:35","date_gmt":"2019-03-06T04:22:35","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=205326"},"modified":"2019-03-06T04:36:50","modified_gmt":"2019-03-06T09:36:50","slug":"forbes-names-manny-villar-as-phs-richest-man","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/03\/05\/forbes-names-manny-villar-as-phs-richest-man\/","title":{"rendered":"Forbes names Manny Villar as PH’s richest man"},"content":{"rendered":"
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In its 2019 list of richest people in the world, Villar, who used to help his mother in selling seafood at the Divisoria market, obtained a net worth of $5.5-billion, which increased from last year’s $5-billion. (File photo<\/a>: Manny Villar\/Facebook<\/a>)<\/figcaption><\/figure>\n

Forbes Magazine on Tuesday, March 5, revealed that real estate tycoon Manuel “Manny” Villar is now the wealthiest man in the Pearl of the Orient Seas.<\/p>\n

In its 2019 list of richest people in the world, Villar, who used to help his mother in selling seafood at the Divisoria market, obtained a net worth of $5.5-billion, which increased from last year’s $5-billion. He landed on the 317th spot worldwide.<\/p>\n

The 69-year-old businessman is the chairman of mall operator Starmalls and homebuilder company Vista Land & Lifescapes, Inc.<\/p>\n

Villar succeeded Henry Sy, Sr., the founder of the SM group who died last January 19.<\/p>\n

[READ: SM Group founder Henry Sy Sr. dies at 94<\/a>]<\/p>\n

JG Summit Group’s John Gokongwei, meanwhile, ranked second as the country’s richest, with a net worth of $5.1-billion.<\/p>\n

He was followed by Enrique Razon, Jr., who chairs the International Container Terminal Services (ICTSI), having a net worth of $4.8-billion.<\/p>\n

LT Group’s Lucio Tan took over the fourth place with $4.4-billion net worth.<\/p>\n

The founder and chairman of Jollibee Foods Corporation Tony Tan Caktiong and his family completed the top five, earning a net worth of $3.9-billion.<\/p>\n

Other tycoons from the Philippines included in the Forbes’ list are as follows: Ramon Ang with $2.9-billion; Andrew Tan with $2.7-billion; Hans Sy and Herbert Sy with $2.4-billion; Harley Sy, Henry Sy, Jr., and Teresita Sy-Coson with $2.2-billion; Elizabeth Sy with $1.9-billion; Eduardo Cojuangco and Robert Coyiuto, Jr. with $1.4 billion); Ricardo Po, Sr. and family with $1.2 billion; and Roberto Ongpin with $1.1 billion.<\/p>\n

Amazon’s Jeff Bezos, meanwhile, remains to be the wealthiest person in the planet with a net worth of $131-billion. He was followed by Microsoft founder Bill Gates who has a net worth of $96.5-billion and Berkshire Hathaway’s Warren Buffet with $82.5-billion.<\/p>\n

On the other hand, makeup mogul Kylie Jenner is named as the “youngest self-made billionaire ever” who earned a net worth of $1-billion at the age of 21. Forbes said Kylie reached a ten-figure fortune “at a younger age than even Mark Zuckerberg (who was 23 when he hit that mark).”<\/p>\n","protected":false},"excerpt":{"rendered":"

Forbes Magazine on Tuesday, March 5, revealed that real estate tycoon Manuel “Manny” Villar is now the wealthiest man in …<\/p>\n","protected":false},"author":33,"featured_media":205417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,1145],"tags":[],"class_list":["post-205326","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-headline","mauthors-joanna-belle-deala","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/205326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=205326"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/205326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/205417"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=205326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=205326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=205326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}