Fourteen Filipinos have made it to Forbes’ Billionaires List 2023, with Manuel “Manny” Villar Jr. leading the pack once again.
The real estate tycoon’s net worth has grown to an impressive $8.6 billion, placing him as the 232nd richest person in the world. Topping the global list is Bernard Arnault, with a whopping net worth of $211 billion.
As of April 4, 2023, Forbes estimated Villar’s real-time net worth at $9 billion, ranking him as the 215th richest person in the world. The publication attributed Villar’s success to his stake in Golden MV Holdings, which is behind the development of mass housing projects and memorial parks. He also chairs Vista Land & Lifescapes, which listed its real estate investment trust (REIT) on the Philippine Stock Exchange last June.
Interestingly, Villar’s family is also involved in politics. His wife Cynthia and son Mark currently hold positions as senators, while his daughter Camille serves as a member of the Philippine Congress representing Las Piñas City. With such an impressive track record, it’s no surprise that Manny Villar remains one of the most respected and admired personalities in the Philippines.
Villar is the richest Filipino on Forbes’ list for the fifth straight year, following Henry Sy Sr.’s passing in 2019.
Manny Villar is the wealthiest Filipino – Forbes
Enrique Razon Jr., ICTSI chair, is the second richest Filipino on the list, with a $7.3-billion net worth, making him the 312th richest person globally.
Ramon Ang, chairman and president of SMC, is the third richest Filipino on the list, with a $3.4-billion net worth, ranked 852nd globally.
Henry Sy Jr., SMIC co-vice-chairman and chairman of SM Prime Holdings, is the 1,217th richest person globally with a $2.5-billion net worth.
Andrew Tan, AGI chair, also has a $2.5-billion net worth and is listed as the 1,217th richest person globally, with his firm having interests in food, beverage, gaming, and real estate.
Hans Sy and Herbert Sy are both ranked 1,272nd with $2.4 billion each, along with Lucio Tan, a tobacco and property magnate.
Harley Sy and Teresita Sy-Coson, both executives of the SM Group, are ranked 1,368th with $2.2 billion each, while their sister Elizabeth Sy is ranked 1,575th with $1.9 billion.
Lance Gokongwei, president and CEO of JG Summit Holdings Inc., is ranked 2,020th with $1.4 billion, while JFC chairman and founder Tony Tan Caktiong is ranked 2,259th with $1.2 billion.
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