MANILA, Philippines — Real estate and retail tycoon Manuel Villar, chairman of the Villar Group, remains the country's richest man, according to the Forbes 2023 World's Billionaires list.
TERESITA AND ELIZABETH SY
This makes them number one on the list of the Philippines' richest. With decades of work experience in their family's conglomerate, both women have proven their mettle and expertise. Teresita “Tessie” Sy-Coson is the eldest child and daughter of the SM founder.
With an estimated net worth of $20 billion, SM founder Henry Sy Sr. remains the richest among the tycoons from the Philippines who made it to Forbes magazine's latest annual list of the wealthiest people on the planet. Forbes said the 12 richest Filipinos had a combined fortune of $55.6 billion (about P2.
Many were instrumental in history and society such as the Cojuangcos, Lichaucos, Syquias, Paternos, Lopezes, and the Ongpins. These families settled in old Binondo and Santa Cruz in Manila, and went on to become some of the most powerful in pre-war Manila.
Joseph Calata (born July 31, 1980) is a Filipino businessman who served as the chairman and chief executive officer of Calata Corporation, a company formerly listed on the Philippine Stock Exchange. He attended De La Salle University and finished with a degree in Management of Financial Institutions.
Notable Philippine political dynasties include the Marcos, Aquino, Binay, Macapagal, Duterte, and Roxas families.
Jaime Zobel de Ayala | $ 3.3 B
Known to be as the old money or old rich, the Ayala has been in the Philippines' top richest family ever since.
Forbes' real-time data shows that as of June 2023, there are 48 Australian billionaires on the list of the world's richest people.
In 2023, the Philippine economy is estimated to be at ₱24.56 trillion ($440.9 billion), making it the world's 36th largest by nominal GDP and 15th largest in Asia according to the International Monetary Fund.
According to The Intelligence Lab at Knight Frank, in the Philippines, you'd need $60,000 or P2. 9 million in the bank to be considered among the one percent. That's the same amount required in Indonesia and India to be considered in the upper echelon of the economic ladder.
MANILA, Philippines — Real estate and retail tycoon Manuel Villar, chairman of the Villar Group, remains the country's richest man, according to the Forbes 2023 World's Billionaires list.
They are daughters of billionaires. Katrina Razon (L) is the daughter of the country's third richest man Enrique Razon; while Camille Villar (M) is the unica hija of the second richest man, Manny Villar.
Filial Piety
Many Filipinos hold the belief that each family member has several duties and responsibilities they must uphold. Observing one's duties and responsibilities is important in order to correctly respect others and to ensure harmony among family members.
A semi-constitutional monarchy is a monarchy where the monarch rules according to a democratic constitution but still retains substantial powers. The Philippines is a semi-constitutional monarchy, whereas, the monarch (whether the current ruler be a Queen or King) has more power than the parliament.
GAWAIN JOHNSTONE is considered the strongest Filipino of all time.
But old age is not a requirement for amassing great wealth. In fact, there are 15 people around the globe who boast a three-comma fortune despite being 30 years old or younger. The youngest of this mostly lucky bunch are Clemente Del Vecchio and Kim Jung-youn, neither of whom have hit their 20s yet.
Muhammed Awal Mustapha, known as Mompha junior, also has a fleet of luxury cars. (Image posted on Instagram by Muhammed Awal Mustapha) A nine-year-old African kid is reportedly the world's youngest billionaire, who travels around the world in his private jet and has several mansions to his name.
Popular places like Makati, BGC, Greenhills, and even in Davao is one of the hotspots of where millionaires in the Philippines live.