Top 10 richest people in the Philippines

The Philippines is a developing country with unstable economic conditions and high levels of illiteracy and poverty. However, just like any other country, the Philippines has its own money magnets, which are made up of the world's richest business tycoons. So, today we are going to list the 10 richest people in the Philippines in 2022. Most of these millionaires started from the bottom, but they are undeniably the most powerful and influential people in the Philippines.

10. Manuel Villar - $1.5 billion

Manuel "Manny" Bamba Villar Jr. is one of the richest men in the Philippines. He also served as a senator of the Philippines and president of the Nationalist Party. He is most popular for his political career and activities in the Philippines. His active participation in the country's politics helped him gain stable fame and fortune. He is one of the most powerful and influential people in the Philippines. He owns a private real estate business that has built over 200,000 homes in the Philippines. He served the nation in the Senate from 2006 to 2008. He was a potential candidate in the election of the year, but unfortunately lost to Benigno Aquino III.

9. Lucio and Susan Koh - $1.8 billion

Lucio and Susan Koh are Chairman and Vice Chairman of the Puregold Price Club respectively. Puregold was founded in 1998 by Lucio Co. It is essentially a retail company that operates several supermarkets in the Philippines under the name Puregold. In 2011, the company became fully based on the stock exchange, but in 2013 the Capital Group companies invested 5.4% in the company and created a joint venture. Lucio and Susan Koh have an estimated net worth of over $1.8 billion.

8. Andrew Tan - $2.5 billion

Andrew Lim Tan is a Chinese billionaire who invests in commodities such as alcohol, fast food and real estate. In 2011, he was ranked the fourth richest Filipino by Forbes magazine with a net worth of $2 billion. And in 2014, he became the third richest person, adding more than $3 billion to his fortune. He is the founder of Alliance Global Group Inc, a real estate investment and retail business. He also franchises brands such as McDonald's Restaurant and Emperador Brandy in the Philippines.

7. David Konsunji - $3.1 billion

David M. Konsunji is the chairman of DMCI Holdings, which he created in 1995. It is registered with the Securities and Exchange Commission. This company is engaged in transport and communications. At 146, it was ranked 1000th on the 2014 list of the world's best corporations. In 186, DMCI generated over $2010 million in revenue. The total net worth of David Konsunji's family is estimated to exceed $3.9 billion. He was once the 6th richest Filipino in the world.

6. Tony Tan Kaktyong - $3.4 billion

Tony Tan Kaktyong is a Chinese-born Filipino billionaire. He is the CEO, Chairman and Founder of Jollibee, a Philippine fast food chain founded in 1978. The company later acquired Greenwich Pizza Corp, which helped it expand its business by selling Italian products such as pizza. and pasta. In 2008, Jollibee was reported to have opened over 1480 stores worldwide, including chains such as Red Ribbon, Chowking, Manong Pepe's, Mang Inasal, Jollibee and Tita Frita's.

5. Enrique Razon Jr. - $3.4 billion

Enrique's father was the founder of International Container Terminal Services, Inc., which was founded in 1987. Enrique is the President and Chairman of this company. It is one of the largest and most successful port management companies in the world. The Asian Development Bank named this port as one of the most significant maritime operators. The corporation employs more than 1305 people. Their port imports and exports to countries such as Brazil, China, Mexico, Pakistan, Iraq, Indonesia, Croatia, etc.

4. George Tai and his family - $3.6 billion

George Siao Qian Tai is a business tycoon and banker from the Philippines. He is responsible for the creation and management of the largest bank in the Philippines called the Metropolitan Bank and Trust Company. He also owns stakes in Bank of Philippine Island, Philippine Savings Bank and Federal Land. He also owned the Makati GT International Tower. He is almost 85, but he still has the same mind and business ability as in his early years. They are popular for owning Marco Polo and Grand Hyatt under GT Capital Holdings.

Lucio Tan - $3 billion

Lucio S. Tan is a Filipino billionaire businessman and educator who heavily invests in banking and marketing modules. He invests in liquor, airlines, tobacco and real estate. In 2013, he was named the second richest person in the Philippines by Forbes magazine with a total net worth of $7.5 billion. He is currently the Chairman and CEO of LT Group, Inc., which generated $52.125 billion in revenue in 2014, according to Wikipedia. This company was founded in 1937 by the Tan family and is owned by their parent company Tangent Holdings Corporation.

2. John Gokongwei Jr. - $5.8 billion

John Gokongwei founded JG Summit in 1957. Unlike Henry C, John was born into a wealthy family. JG Summit is engaged in business types such as banking, air travel, hotels, power generation, real estate, real estate development, telecommunications and food production. John owns a majority stake in companies such as Cebu Pacific and Digital Telecommunications Philippines. He is one of the richest people in Southeast Asia. And JG Summit is one of the most profitable stock exchanges in the Philippines.

1. Henry C - $12.7 billion

Henry C Sr founded SM. Mr. C in 1958, which is essentially a Shoemart store. Their business is linked to three main modules: SM Prime Holdings (Real Estate), Banco de Oro and Chinabank (Banking) and SM Retail (Retail). They have investments in stocks such as Belle Corporation, CityMall, myTown, 2GO, and Atlas Mining Development Corp. He is also Chairman of SM Investments Corporation, BDO Universal Bank, SM Prime Holdings, and Chairman of China Banking Corporation. Henry Say is the richest man in the Philippines and one of the richest billionaires on the planet. He started his life working for a multinational company and today he owns several of his own multinational stores. According to Forbes.com, his net worth is estimated at around $13 billion.

These are some of the richest Filipinos in the Philippines, some of them started their businesses from scratch without any support or family money, which makes their journey so inspiring and touching. They overcame all the obstacles in their lives without losing hope and faith in their dreams.