The last time I was able to post Top 40 Richest Filipinos based on Forbes.com was way back 2008 (Top 40 Richest Filipinos of 2008). Where was I in the last 3 years? Uhmmm.

But anyway, here’s the Top 40 Richest Filipinos of 2012 according to Forbes Magazine. Still leading the pack is no other than lolo Henry Sy (haha) of SM Prime with $9.1 Billion. Followed by uncle Lucio Tan ($4.5Billion) and surprisingly, it is Enrique Razon, Jr. ($3.6Billion) on the 3rd spot followed by John Gokongwei, Jr. ($3.2Billion) with David Consunji ($2.7Billion) at the 5th spot.

Looking at the top 10 list, the biggest drop vs. 2008 is Tony Tan Caktiong from 5th spot down to 12th spot. New entries in the top 10 are David Consunji (5th) and Roberto Ongpin (9th).

Below is the complete list of Philippines Richest Filipinos of 2012.

Top 40 Richest Filipinos of 2012

According to Forbes Magazine

Rank	Name	Net Worth	Company
1	Henry Sy	$9.1 billion	SM Prime
2	Lucio Tan	$4.5 billion	(Philippine Airlines, Morris Fortune Tobacco)
3	Enrique Razon Jr	$3.6 billion	(International Container Terminal Services)
4	John Gokongwei Jr.	$3.2 billion	(JG Summit)
5	David Consunji	$2.7 billion	(DMCI)
6	Andrew Tan	$2.3 billion	(Alliance Global)
7	Jaime Zobel de Ayala	$2.2 billion	(Ayala Corp.)
8	George Ty	$1.7 billion	(Metropolitan Bank)
9	Roberto Ongpin	$1.5 billion	(Atok-Big Wedge)
10	Eduardo Cojuangco Jr	$1.4 billion	(San Miguel)
11	Roberto Coyiuto Jr.	$1.3 billion	(National Grid)
12	Tony Tan Caktiong	$1.25 billion	(Jollibee Foods)
13	Lucio and Susan Co	$1.2 billion	(Puregold Price Club)
14	Iñigo Zobel and Mercedes Zobel	$1.15 billion	(Ayala Corp.)
15	Emilio Yap	$1.1 billion	(Philtrust Bank)
16	Jon Ramon Aboitiz	$955 million	(Aboitiz Equity Ventures)
17	Andrew Gotianun	$825 million	(Filinvest Development)
18	Manuel Villar	$720 million	(Vista Land and Lifescapes)
19	Beatrice Campos	$700 million	(Unilab)
20	Vivian Que Azcona	$690 million	(Mercury Drug)
21	Alfonso Yuchengco	$570 million	(Rizal Commercial Bank)
22	Mariano Tan Jr.	$420 million	(Unilab)
23	Enrique Aboitiz	$400 million	(Aboitiz & Co.)
24	Eric Recto	$365 million	(Alphaland)
25	Jose Antonio	$300 million	(Century Properties Group)
26	Gilberto Duavit	$270 million	(GMA Network)
27	Menardo Jimenez	$265 million	(GMA Network)
28	Frederick Dy	$260 million	(Security Bank)
29	Manuel Zamora Jr.	$255 million	(Nickel Asia)
30	Alfredo Ramos	$250 million	(Atlas Consolidated Mining and Development)
31	Oscar Lopez	$245 million	(ABS-CBN)
32	Felipe Gozon	$240 million	(GMA Network)
33	Betty Ang	$235 million	(Monde Nissin)
34	Wilfred Uytengsu Jr.	$230 million	(Alaska Milk)
35	Juliette Romualdez	$200 million	(Banco de Oro)
36	Bienvenido Tantoco Sr.	$195 million	(Rustan Commercial)
37	Jacinto Ng Sr.	$190 million	(Rebisco)
38	Tomas Alcantara	$160 million	(Alsons Consolidated Resources)
39	Michael Cosiquien	$150 million	(Megawide Construction)
40	Edgar Sia II	$140 million	(Mang Inasal)
41	Garry Zaldy De Castro		soon, haha

 

Some people ask, why Manny Pacquiao isn’t on the list? If Manny Pacquiao’s networth will be converted to US$, his total networth is only $31.45Million. Still way below from the last one on the list.

 How bout Joseph Calata? Still not on the list eventhough Joseph Calata is the youngest Filipino billionaire (I only assume), he’s still way below from the last person which is around P6Billion pesos.

And the biggest question, why Manny Pangilinan (MVP) and Ramon Ang (RSA), who are both very known in the business community are not on the richest list? I was also intrigued. Further searching on the net and I found this on Inquirer.

The common explanation for the absence of “RSA” and “MVP”—as both men are known in the business community—from the Forbes list year in and year out is the fact that both men, as heads of their respective conglomerates, are “mere employees.”

But interviews made by the Inquirer with business associates and longtime observers of the dynamics of Philippine business reveal that the absence of both corporate titans, indeed, exposes one of the biggest weaknesses of the celebrated roster.

“Mere employees? Nothing can be further than the truth,” said one businessman familiar with the corporate structures of Ang’s San Miguel Corp. and Pangilinan’s PLDT group.

 

‘Very high’ on list

“For the list to be accurate, they should be high on the Top 40 list of Filipino billionaires,” said the businessman, requesting anonymity. “Very high.”

He explained that both Ang and Pangilinan had, in fact, “very creative methods” of keeping their wealth from public view, including structuring their ownership in various corporations through several layers of ownership in holding companies.

“If you were to pierce the veil of ownership in the various firms they work for, you will find that they actually have bigger stakes than what people think,” he said. “It’s not illegal, just creative.”

Full story here

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