By Bilyonaryo, 30 Oct 2020
The Philippines’ ultra-wealthy had a feast in October as their collective fortunes bounced back to pre-coronavirus level.
The combined net assets of fourteen bilyonaryos, with a net worth of at least $1 billion each, jumped $3.1 billion or nine percent to $37.9 billion in October 2020 from $34.8 billion the previous month.
They are just a billion dollars or two short of their total value in January 2020 when the coronavirus was just starting to spread.
The 86-year old Lucio Tan was the biggest gainer as he rocketed back to No. 3 in October from No. 10 in September.
Tan’s assets jumped $800 million to $3 billion in the last 30 days with his LT Group stock back to its January 2020 level at P11.54 as of October 30.
The Sy-blings – Hans, Herbert, Big Boy, Harley, Tessie, and Elizabeth – racked up a combined $1.1 billion to $15 billion in October.
Other top gainers were richest Filipino Manny Villar (up 14 percent to $5.8 billion) and Jollibee’s Tony Tan Caktiong (up 15 percent to $2.3 billion).
Here’s how the bilyonaryos stacked up month-on-month in October 2020:
1) Manny Villar – $5.8 billion, up 14%
2) Enrique K. Razon – $4.7 billion, unchanged
3) Lucio Tan – $3 billion, up 36%
4) Hans Sy – $2.7 billion, up 8%
5) Herbert Sy – $2.7 billion, up 8%
6) Andrew Tan – $2.6 billion, up 8.3%
7) Henry Sy Jr. – $2.5 billion, up 8.7%
8) Harley Sy – $2.5 billion, up 8.7%
9) Tessie Sy-Coson – $2.4 billion, up 4.3%
10) Tony Tan Caktiong $2.3 billion, up 15%
11) Ramon S. Ang – $2.2 billion, unchanged
12) Elizabeth Sy – $2.2 billion, up 10%
13) Roberto V. Ongpin -$1.3 billion, up 8%
14) Ricardo Po Sr. – $1 billion, unchanged
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.
#WearMask #WashHands
#Distancing
#TakePicturesVideos
