Henry Sy is once again the country’s richest person.
MANILA, Philippines – Many of the country’s tycoons have gotten richer.
In the Forbes magazine edition released Aug. 26, retail magnate Henry Sy, once again the country’s richest person, was the biggest gainer.
Sy, owner of SM shopping malls, now has a net worth of $3.8 billion, which increased from $700 million last year after shares of his holding company, SM Investments, appreciated by 28 percent.
The magazine reported that this year, 25 tycoons became richer, including nine of the top 10 richest persons in the country.
This was the first time since Forbes Asia’s November 2007 India Rich List that everyone in the top 10 among an Asian country’s 40 richest had increased their fortunes or maintained them.
Aside from Sy, the other moguls in the top 10 richest Filipinos include Lucio Tan ($1.7 billion), Jaime Zobel de Ayala ($1.2 billion), Andrew Tan ($850 million), John Gokongwei ($720 million), Tony Tan Caktiong ($710 million), Eduardo Cojuangco Jr. ($660 million), Enrique Razon ($620 million), Manuel Villar ($530 million), and George Ty ($515 million).
Forbes also reported that among the 40 richest in the Philippines, another big gainer was David Consunji, whose net worth increased from $105 million to $300 million after the stock price of his construction firm, DMCI, more than doubled. –(The Philippine Star)
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
