According to the 2009 Forbes Asia Philippines Rich List that ranked 40 of the wealthiest in the Philippines, mall mogul Henry Sy remained to be the country’s wealthiest with a net worth of $3.8 billion. Sy is the chairman and founder of the SM Group of Companies.
The 10 top richest in the country also included Sen. Manuel Villar Jr., who is running for president in the 2010 elections, with $530 million. He is 9th on the Top 10 list.
Following Sy in second place is another business tycoon, Lucio Tan. A director of the Philippine National Bank, this former electrical engineer’s other holdings include Fortune Tobacco, Asia Brewery and Philippine Airlines. According to Forbes Asia, some of his fortunes are still sequestered because they allegedly are assets belonging to late former President Ferdinand Marcos.
Ayala Corp.’s Chairman emeritus Jaime Zobel de Ayala holds on to the No. 3 spot with $1.2 billion—a figure that has remained unchanged since 2008.
Also included in this year’s Top 10 list are Andrew Tan John Gokongwei, Tony Tan Caktiong, Eduardo Cojuangco Jr., Enrique Razon Jr. and George Ty.
A notable figure in the 2009 list was David Consunji, who was ranked No. 17. Consunji’s net worth jumped to $300 million from $105 million, as his construction firm DM Consunji Inc.’s stock more than doubled from the previous year.
According to Forbes Asia, the Philippines’ 40 richest are now worth a combined $16.4 billion, from $14.2 billion a year ago. Twenty-five tycoons are richer, including nine in the Top 10.
The magazine said that also nine of the tycoons this year are poorer compared to last year. Mining mogul Luis Virata (No. 33) fared the worst among them with a net worth of $56 million, down 80 percent from last year as falling profits hit his firm Nickel Asia.
Forbes Asia added that the minimum net worth needed to enter the list was $38 million. In compiling this year’s list, the magazine calculated the public assets of the tycoons using share prices and exchange rates as of August 14. For privately held wealth, Forbes Asia estimated what they would be worth if made public. This ranking, unlike that in the Forbes billionaire list, includes family holdings shared by individuals and their children, grandchildren and siblings. –Angelo Cantera, Reporter, Manila Times
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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