Resorts World Manila owner Andrew Tan is in this year’s Forbes list of dollar billionaires with a net worth of $4.8 billion in 2015. Resorts World
MANILA, Philippines — Mall and real estate magnate Henry Sy and his family remain the richest in the Philippines and among the 11 Filipinos included in the Forbes’ dollar billionaires club this year.
The 11 Filipino billionaires have a combined fortune of $51.9 billion or P2.28 trillion—a little less than the Philippine government’s P2.6 trillion national budget for 2015.
Forbes Magazine reported Sy’s 10-digit growth in fortune was due to the expansion of SM Investments Corp. in real estate development, shopping malls and banking the past year. Sy also invested in City of Dreams Manila resort and casino.
JG Summit Holdings’ John Gokongwei Jr. with $5.8 billion landed second in this list, followed by ports king Enrique Razon Jr. with $5.2 billion.
| Philippines Rank | Global Billionaires Rank | Billionaire | Source of Wealth | Associated Brands | 2015 Net Worth |
| 1 | 73 | Henry Sy and family | diversified | SM Investments Corp. City of Dreams Manila | $14.8 billion |
| 2 | 254 | John Gokongwei Jr. | diversified | JG Summit Holdings, Cebu Pacific, Universal Robina | $5.8 billion |
| 3 | 291 | Enrique Razon Jr. | ports | International Container Terminal Services, Solaire Resort | $5.2 billion |
| 4 | 330 | Andrew Tan | diversified | Megaworld, McDonald’s, Emperador Distillers, Resorts World Manila | $4.8 billion |
| 5 | 369 | Lucio Tan and family | diversified | Asia Brewery, Philip Morris-Fortune Tobacco, Philippine Airlines, Philippine National Bank | $4.4 billion |
| 6 | 369 | George Ty and family | banking | GT Capital, Metrobank | $4.4 billion |
| 7 | 405 | David Consunji | construction | DMCI Holdings | $4.1 billion |
| 8 | 690 | Tony Tan Caktiong and family | fast food | Jollibee Foods, Greenwich Pizza, Chowking | $2.7 billion |
| 9 | 810 | Lucio and Susan Tan | retailing | Puregold Price Club | $2.3 billion |
| 10 | 1054 | Robert Coyiuto Jr. | power | Prudential Guarantee & Assurance, PGA Cars, National Grid Corp. | $1.8 billion |
| 11 | 1190 | Manuel Villar | real estate | Starmalls, Vista Land & Landscapes | $1.6 billion |
Stocks of Gokongwei’s holding company shot up significantly the past year despite hiccups in Cebu Pacific airline’s operations with a $1.2 million fine.
Construction czar David Consunji at 93 also made the list due to DMCI Holdings’ jump in stocks. Consunji’s son, Isidro, has invested in power and developed the 150-hectare Acacia Estates in Taguig.
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Lucio and Susan Co, founders of Puregold and Cosco Capital, re-entered the list this year with a 2015 net worth of $2.3 billion. Their Puregold supermarkets now have 200 branches nationwide.
