Forbes' Billionaires list unveils richest men in the Philippines for 2020

Forbes' Billionaires list unveils richest men in the Philippines for 2020

- Forbes Magazine on April 7 has unveiled its list of billionaires for the year 2020 and their estimated net worth

- Among the world’s wealthiest people are 15 business tycoons from the Philippines

- Former senator and business magnate Manuel Villar topped the local ranking for the second straight year

- The other business tycoons on the list are Henry Sy’s heirs, Enrique Razon, Jr., Lucio Tan, Andrew Tan, Robert Ongpin, Tony Tan Caktiong, Ramon Ang, Robert Coyiuto, Jr. and Eduardo Cojuangco

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Forbes' Billionaires 2020 has unveiled its list of the world’s richest people, led by former Senator Manuel Villar in the Philippine ranking for the second straight year.

Villar is also ranked 565 in the Forbes’ list with an estimated net worth of $5.7 billion.

Ranking of 15 richest tycoons in the Philippines and their net worth (in US dollars) via Inquirer.net:

The former senator who helms several businesses like real estate is followed by ports magnate Enrique Razon, Jr. with an estimated net worth of $3.2 billion.

All of the six children of the late tycoon Henry Sy rounded up the Philippines’ richest – Hans, Herbert, Henry Jr., Harley, Teresita and Elizabeth Sy with their respective net worth estimated at $2.3 billion, $2.2 billion, $2.1 billion, $2.1 billion, $2 billion and $1.8 billion.

Lucio Tan, a tobacco tycoon, placed eighth on the list with an estimated net worth of $1.9 billion, while property magnate Andrew Tan ranked ninth with an estimated $1.8 billion net worth.

Robert Ongpin who has an estimated wealth of $1.8 billion ranked 11th locally.

Jollibee founder Tony Tan Caktiong was in the 12th spot with his $1.5 billion fortune.

San Miguel Corp. president and Eagle Cement chair Ramon S. Ang, 13th, has an estimated wealth of $1.5 billion, followed by Robert Coyiuto, Jr., $1.4 billion net worth, and Eduardo Cojuangco, $1.1 billion fortune.

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In a previous report by KAMI, the Philippines' famous business tycoons recently extended their helping hand as the nation enhanced its efforts to contain coronavirus.

Forbes World’s Billionaires List is an annual ranking of the world’s wealthiest people.

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Source: Kami.com.ph

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