The 50 richest people in the Philippines

Forbes magazine has released its list of top 50 richest people in the Philippines. On top for the sixth straight year is mall tycoon Henry Sy, with a $12 billion net worth – a $2.9 billion increase from a year ago.

Here’s the Forbes list of the richest people with their estimated net worth:

1. Henry Sy (SM group) – $12 billion
2. Lucio Tan (LT group) – $7.5 billion
3. Andrew Tan (Megaworld) – $4.6 billion
4. Enrique Razon (ICTSI) – $4.5 billion
5. John Gokongwei Jr. (JG Summit) – $3.4 billion
6. Jaime Zobel de Ayala (Ayala Corp.) – $3.1 billion
7. Aboitiz family (AEV) – $3 billion
8. David Consunji (DMCI) – $2.7 billion
9. George Ty (Metrobank) – $2.6 billion
10. Lucio & Susan Co (Puregold) – $1.9 billion
11. Tony Tan Caktiong (Jollibee) – $1.7 billion
12. Robert Coyiuto Jr. – $1.5 billion
13. Emilio Yap (Philtrust Bank) – $1.35 billion
14. Roberto Ongpin – $1.3 billion
15. Inigo & Mercedes Zobel – $1.2 billion
16. Manuel Villar (Vista Land) $1.05 billion
17. Andrew Gotianun (Filinvest) $1 billion
18. Beatrice Campos (Unilab) $900 million
19. Vivian Que Azcona (Mercury Drug) $840 million
20. Eduardo Cojuangco Jr. (San Miguel) $825 million
21. Alfonso Yuchengco – (Yuchengco group) $705 million
22. Oscar Lopez (Lopez Holdings) $675 million
23. Betty Ang (Monde Nissin) $600 million
24. Jorge Araneta (Araneta group) $505 million
25. Carlos Chan (Liwayway) $500 million
26. Michael Romero (Global Port 900) $490 million
27. Eric Recto $485 million
28. Mariano Tan Jr. (Unilab) $435 million
29. Frederick Dy (Security Bank) $290 million
30. Walter Brown (Atok-Big Wedge) $270 million
31. Ramon Ang (San Miguel) $260 million
32. Jose Antonio (Century Properties) $255 million
33. Wilfred Uytengsu Jr. $250 million
34. Manuel Zamora Jr. (Nickel Asia) $240 million
35. Jacinto Ng Sr. (Asia United Bank) $230 million
36. Alfredo Ramos (National Book Store) $225 million
37. Gilberto Duavit (GMA Network) $224 million
38. Menardo Jimenez (GMA Network) $223 million
39. Edgar Sia II (Mang Inasal founder) $210 million
40. Bienvenido Tantoco Sr. (Rustan’s) $205 million
41. Felipe Gozon (GMA) $200 million
42. Alfredo Yao (Zest-O) $180 million
43. Michael Cosiquien (Megawide Construction) $175 million
44. Edgar Saavedra (Megawide Construction) $170 million
45. Juliette Romualdez (Benguet Mining) $165 million
46. Tomas Alcantara (Alsons Consolidated) $160 million
47. Lourdes Montinola (FEU) $155 million
48. Luis Virata (Nickel Asia) $120 million
49. Philip Ang (Nickel Asia) $115 million
50. Manuel Pangilinan (PLDT, First Pacific) $105 million