Top 15 Philippines’ Richest People as of 2007

Now that we’ve seen the World’s Richest People as of 2008, it’s now time that we get to know our own Billionaires and Millionaires. The Top 15 Philippines Richest People as of October 2007.

Guess who’s on the Top list of Philippines Richest People of 2007 according to Forbes.com? It’s no other than Mr. Jaime Zobel De Ayala, surpassing the previous no. 1 Henry Sy.

For the complete list with their corresponding Net Worth and brief intro, read on.

#1 Jaime Zobel de Ayala & family
warren Networth: $2 billion

Age: 73

Marital Status: Married, 7 children

Patriarch of country’s largest conglomerate, Ayala Corp. Family referred to as the Filipino royal family. Stepped down as chairman last year. Personally holds no shares; wealth now in children’s hands. Eldest son, Jaime II, Ayala’s chairman, chief executive.

#2 Henry Sy & family
warren Networth: $1.7 billion

Age: 82

Marital Status: Married, 6 children

Completed merger of his Banco de Oro with competitor Equitable PCI in May, forming nation’s second-largest bank. His SM Prime Holdings is nation’s largest shopping mall developer. Shares fortune, which includes stakes in a dozen companies, with his children.

#3 Lucio Tan & family
warren Networth: $1.6 billion

Age: 73

Marital Status: Married, 6 children

Former chemical engineer from China mopped floors to pay for school. With family, owns Fortune Tobacco, nation’s largest cigarette maker; Philippines Airlines, which just emerged from 9 years in receivership. Being sued on claims that much of his wealth belongs to late president Ferdinand Marcos’ estate.

#4 Andrew Tan
warren Networth: $1.1 billion

Age: 55

Marital Status: Married, 4 children

Big boost to fortune from restructuring holding company Alliance Global; shares of his property company, Megaworld, also higher. Likes to eat breakfast at McDonald’s (his group owns stake in country’s franchise) and sip his Emperador brandy, world’s largest seller by volume. Son of factory worker walked to college campus—couldn’t afford bus fare.

#5 Manuel Villar
warren Networth: $940 million

Age: 57

Marital Status: Married, 3 children

Philippine senate president (and possible 2010 presidential candidate) also largest shareholder in real estate firm Vista Land. Shrimp vendor’s son grew up in slum, got start in construction.

#6 George Ty
warren Networth: $870 million

Age: 74

Marital Status: Married, 5 children

Metrobank founder passed on chairmanship to eldest son, Arthur, last year. Family’s Toyota Motor Philippines supplies nearly half country’s new cars and trucks. Teaming up with John Gokongwei (15) to develop luxury condos in Metro Manila’s Mandaluyong City.

#7 Andrew Gotianun
warren Networth: $860 million

Age: 79

Marital Status: Married, 2 children

Started out salvaging ships after World War II. Branched into car financing with help of wife, Mercedes. Main companies are public real estate firms, Filinvest Development, Filinvest Land; also privately held East West Bank. Going into biofuels; bought 2 sugar mills and a plantation in June in a deal worth $215 million. Children Jonathan and Josephine run daily operations; Gotianun chairman emeritus.

#8 Enrique Razon Jr.
warren Networth: $820 million

Age: 47

Marital Status: Married, 2 children

Chairs International Container Terminal Services, which buys, develops, manages container ports and terminals worldwide. Has operations in 9 countries including the Philippines, China, Ecuador. Enjoys golf, helped save Philippine Open this year from near cancelation.

#9 Tony Tan Caktiong & family
warren Networth: $790 million

Age: 57

Marital Status: Married, 3 children

Fast-food king heads Jollibee, now with more than 1,500 locations and 7 brands. Bought out partner in Shanghai fast-food chain Yonghe King, acquired Chinese restaurant chain Hongzhuangyuan for $50 million in September, opened store in Las Vegas.

#10 Oscar Lopez & family
warren Networth: $775 million

Age: 77

Marital Status: Married, 8 children

Scion of one of Philippines’ best-known family businesses. Harvard grad heads its Lopez Inc., which has controlling stake in media group ABS-CBN Broadcasting, run by his nephew. Family who shares fortune also has interests in construction, power generation.

#11 Vivian Que Azcona & family
warren Networth: $670 million

Age: NA

Marital Status: NA

Runs Mercury Drug, nation’s biggest drugstore chain with more than 500 outlets and an 87% share of the retail drug market. Private group recently launched a credit card with Citibank for use in its outlets. Shares fortune with father, Mariano Que, who began selling single-dose pills from pushcart in 1945.

#12 Inigo & Mercedes Zobel
warren Networth: $660 million

Age: NA

Marital Status: NA

Children of late Enrique Zobel, cousin of Jaime Ayala de Zobel (1), inherited their stakes in Ayala from late aunt, family matriarch Mercedes Zobel McMicking. Inigo sits on San Miguel’s board and runs one of nation’s largest mango exporters. Mercedes helps run Enrique Zobel Foundation.

#13 Eduardo Cojuangco Jr.
warren Networth: $540 million

Age: 72

Marital Status: Married, 4 children

Chief executive of country’s largest food and beverage conglomerate, San Miguel. Planning to take its beer business public, possibly next year. Owns a large stud farm in Australia. Former presidential candidate lost 27% of San Miguel stake in 2005 court decision; still faces civil suit over last 15.5%, which government says were “ill-gotten” during Ferdinand Marcos’ reign.

#14 Emilio Yap & family
warren Networth: $445 million

Age: 81

Marital Status: Married

Midsize bank Philippine Trust is biggest source of his wealth. Trying to take over Philippine Bank of Communications; battling with biggest shareholder for control. Also owns newspaper Manila Bulletin. Chairman of Centro Escolar University.

#15 John Gokongwei Jr. & family
warren Networth: $430 million

Age: 81

Marital Status: Married, 6 children

Chairman emeritus of JG Summit, conglomerate he founded, donated half his stake to family charity. Still supposedly carries 2 cell phones. Brother James Go is chairman, son Lance president. Group, with interests in telecom, property, food, bought Philippine branch of U.S. hardware chain True Value this year; also owns Handyman hardware chain.

Up to Top 20

#16 Enrique Aboitiz & family – Networth: $375 million (Aboitiz Power)

#17 Alfonso Yuchengco & family – Networth: $365 million (Yuchengco Group)

#18 Beatrice Campos – Networth: $220 million (Unilab)

#19 David Consunji & family – Networth: $210 million (DMCI)

#20 Luis Virata – Networth: $200 million (Nickel Asia)

If you think your name wasn’t included in the list, please post a comment and we’ll quickly file a protest to forbes.com 😀

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Garry Zaldy de Castro is an advocate, Financial Advisor, Certified Investment Solicitor (Mutual Fund Representative), blogger, IT practitioner, husband to Aileen and a dad to Jacob and JohnD. He started Financial Planning Philippines in 2008 just to share his financial learning to friends, relatives and anyone who wishes to be financially independent.

27 comments

  1. maraming negosyante sa atin naging melyonaryo or billionaire peroooooooooooooooooo sa nakikita ko quality and services na offer nila sa consumer is very low quality,capital less and recieved high profit margin.hindi ko maikonpara sa ibang bangsa halimbawa thailand street vendor bibili ka nang durian naka staropom pa at may tissue paper pa,grocery store maraming discount at may buy one take one pa. sa atin pasok ka nang mall ang liliit nang toilet wala pang plush napaka baho nang ihi,para kang sardinas sa loob hay nako,and plastic bag napaka nipis panti ko minsan nakikita sa luob hayyyyyyyyyy……..

  2. well all of ths top 15 list billionaires and millionaires,are the fruite of there hard work or maybe inherit sa kanilang pamilya,pero sana naman kahit konte,share your fortune donate some small amount to the charity,or even sponsorship scolarship sa mga matatalinong generation x and y dahil maraming pinoy na matatalino pero hindi nakapag tapos sa pag a aral at naging criminal sayang naman!…..

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