10 Billionaires In The Philippines: Richest People In Filipino In 2023 (Net Worth Ranked By Forbes)

Who are the richest people in Filipino in 2023? Check out this list of the 22 billionaires in the Philippines and their net worth.

According to an article on Forbes titled “Philippines’ 50 richest list“, there are 22 billionaires in the Philippines. The remaining 28 are millionaires and their source of wealth ranges from food, tech, pharma, banking, oil, and many other well-known origins of wealth.

This list by TheVibely only highlights the 22 billionaires in the Philippines, their rank, ages, and net worth.

In the list, Sy Siblings came at the first spot with a net worth of $12.6 billion followed by Manuel Villar who is the richest person (individual) with a net worth of $8.4 billion. Read on for the full list of the richest Filipinos.

Top 10 Billionaires In The Philippines In 2023 By Forbes

1. Sy Siblings – $12.6 Billion

richest people in Filipino
  • Source of Wealth: diversified
  • Residence: Manila, Philippines
  • Citizenship: Philippines

The six Sy siblings, Teresita (pictured), Elizabeth, Henry Jr., Hans, Herbert, and Harley, inherited their fortune from their late father Henry Sy Sr.

Their combined net worth is comprised largely of stakes held in the group’s publicly traded SM Investments and SM Prime.

SM traces its roots to Henry Sr., who sold overrun shoes in 1958 at a store in Manila he aptly called Shoemart.

Today SM is one of Southeast Asia’s largest conglomerates, with interests in department stores, supermarkets, banks, hotels, real estate, and mining.

While daily operations are now managed by outside professionals, the siblings sit on the group’s boards and guide SM’s overall strategy.

2. Manuel Villar – $7.8 Billion

Richest Filipino Business Moguls: Top 22 Billionaires In The Philippines In 2022 (Net Worth According To Forbes)
  • Age: 73
  • Source of Wealth: real estate, Self Made
  • Residence: Manila, Philippines
  • Citizenship: Philippines
  • Marital Status: Married
  • Children: 3

Manuel Villar chairs property developer Vista Land & Lifescapes run by his son Manuel Paulo. The company is planning to list a real estate investment trust in 2021.

Villar’s biggest asset is his stake in Golden MV Holdings (formerly Golden Bria), a developer of mass housing projects and condos.

Villar also chairs mall operator Vistamalls.

In 2019, he took his home improvement chain AllHome public. In 2021, he listed his supermarket chain AllDay Marts.

Villar’s wife, Cynthia Villar, is a senator in the Philippines.

3. Enrique Razon Jr. – $5.6 Billion

Richest Filipino Business Moguls: Top 22 Billionaires In The Philippines In 2022 (Net Worth According To Forbes)
  • Age: 62
  • Source of Wealth: ports
  • Residence: Manila, Philippines
  • Citizenship: Philippines
  • Marital Status: Married
  • Children: 2

Enrique Razon Jr. chairs International Container Terminal Services (ICTSI), the country’s leading ports operator.

International Container also has subsidiaries in the Asia-Pacific, Eastern Europe, Africa, and the Americas.

Razon’s grandfather started the business with a port in Manila in 1916, which his father rebuilt after WWII. Razon grew the business globally.

The crown jewel of his hospitality firm Bloomberry Resorts is the Solaire Resort and Casino in the Philippines.

4. Lance Gokongwei & Siblings – $3.1 Billion

  • Age: 56
  • Source of Wealth: diversified
  • Residence: Manila, Philippines
  • Citizenship: Philippines
  • Marital Status: Married
  • Children: 2
  • Education: Bachelor of Arts/Science, University of Pennsylvania

Lance Gokongwei (pictured) and his siblings, Robina, Lisa, Faith, Hope, and Marcia, inherited their fortune from their late father John Gokongwei Jr.

Their combined fortune is derived largely from stakes held in JG Summit, which has interests in airlines, telecom, banking, food, power, and property.

Lance runs JG Summit as its chief executive while his older sister Robina is the chief executive of Robinson Retail.

Their portfolio also includes Universal Robina, one of the country’s largest F&B companies, started by their father as a cornstarch plant in 1957.

In June 2021, Gokongwei acquired a minority stake in the local pizza chain Shakey’s Pizza.

5. Aboitiz family – $2.9 Billion

  • Source of Wealth: Diversified
  • Residence: Philippines
  • Citizenship: Philippines

Five generations of the Aboitiz family have transformed Aboitiz Equity Ventures (AEV) into one of the leading conglomerates in the Philippines with interests in power, banking, financial services, food, infrastructure, land, and data.

The family’s privately-held holding company Aboitiz & Co. was founded by Paulino Aboitiz, son of a Spanish farmer who migrated to the Philippines in the late 1800s, as an abaca-trading and general-merchandise business.

Today fourth-generation members head the family business: Enrique chairs AEV; Mikel serves as vice chairman; Sabin is president and CEO.

Former AEV president and CEO Erramon (pictured), brother to Enrique and Sabin, is now a director. Fifth-generation member Ana Maria also sits on the board.

6. Isidro Consunji & siblings – $2.65 Billion

  • Age: 73 years old
  • Source of Wealth: Diversified
  • Residence: Philippines
  • Citizenship: Philippines

Siblings Isidro (pictured), Josefa, Jorge, Luz, Maria Cristina, and Maria Edwina inherited their fortune from their late father David Consunji.

Their wealth stems from DMCI Holdings, one of the Philippines’ largest property development companies, founded by the elder Consunji in 1954.

The founder’s eldest son, Isidro Consunji, is chairman and president of the firm, which also has interests in mining, power generation, and water services.

Recovering from Covid impact, DMCI’s revenue in 2021 jumped 60% to $2.1 billion and net profit more than doubled to $350 million.

7. Tony Tan Caktiong & family – $2.6 Billion

  • Age: 69
  • Source of Wealth: food, Self Made
  • Residence: Manila, Philippines
  • Citizenship: Philippines
  • Marital Status: Married
  • Children: 3

Tony Tan Caktiong is the founder and chairman of Jollibee Food, one of the world’s fastest-growing Asian restaurant chains.

Jollibee operates more than 3,200 eateries in the Philippines and over 2,600 stores overseas.

Jollibee sells Filipino, Chinese, American, and European dishes adapted to a quick-serve and affordable format.

After reporting losses for the first nine months of 2020 due to the pandemic, Jollibee turned profitable in the fourth quarter.

With partner Edgar Sia II, Caktiong also owns a stake in developer DoubleDragon Properties.

8. Jaime Zobrl de AZyala – $2.55 Billion

  • Age: 88 Source of Wealth: diversified
  • Residence: Manila, Philippines
  • Citizenship: Philippines
  • Marital Status: Married
  • Children: 7
  • EducationBachelor of Architecture, Harvard University

Jaime chaired his family’s Ayala Group until retiring in 2006 when his son, Jaime II, took over.

Now Jaime’s 7 children control more than one-third of the $3.9 billion (revenue) conglomerate.

His grandfather started with a distillery in Manila, then expanded the business into banking, real estate, hotels, telecommunications, and education.

9. Ramon Ang – $2.45 Billion

  • Age: 69
  • Source of Wealth: diversified, Self Made
  • Residence: Manila, Philippines
  • Citizenship: Philippines
  • Marital Status: Married
  • Children: 8
  • Education: Bachelor of Engineering, Far Eastern University

Ramon Ang is the president and vice chairman of one of the nation’s oldest conglomerates, San Miguel.

Originally a brewer, San Miguel is now a leader in food and beverages; but the bulk of its revenue comes from power and infrastructure businesses.

He also owns a substantial stake in Eagle Cement, which he took public in 2016. The company is increasing its capacity to 8.6 million metric tons.

San Miguel is proposing to build a $15 billion airport and city complex at a 2,500-hectare location along Manila Bay.

10. Andrew Tan – $2.4 Billion

  • Age: 70
  • Source of Wealth: diversified, Self Made
  • Residence: Manila, Philippines
  • Citizenship: Philippines
  • Marital Status: Married
  • Children: 4
  • Education: Bachelor of Arts/Science, University of the East

Andrew Tan chairs Alliance Global, a holding company with interests in food and beverage, gaming, and real estate.

The son of a factory worker, Tan built his fortune developing large apartment complexes around Manila.

Alliance Global runs Emperador, the world’s largest brandy company by sales volume.

Tan’s son Kevin is the chief executive of Alliance Global and chief strategy officer of property developer Megaworld.

Top 20 Billionaires in the Philippines

Below is the full list of the Top 22 billionaires in the Philippines in 2023; their names, net worth, age, and source of wealth;

  1. Sy siblings $12.6 Billion
  2. Manuel Villar $7.8 Billion
  3. Enrique Razon Jr. $5.6 Billion
  4. Lance Gokongwei & siblings $3.1 Billion
  5. Aboitiz family $2.9 Billion
  6. Isidro Consunji & siblings $2.65 Billion
  7. Tony Tan Caktiong & family $2.6 Billion
  8. Jaime Zobel de Ayala & family $2.55 Billion
  9. Ramon Ang $2.45 Billion
  10. Andrew Tan $2.4 Billion
  11. Lucio Tan $2 Billion
  12. Ty siblings $1.9 Billion
  13. Dennis Anthony & Maria Grace Uy $1.75 Billion
  14. Lucio & Susan Co$1.7 Billion
  15. Hartono Kweefanus & family$1.5 Billion
  16. Po family $1.2 Billion
  17. William Belo & family$1.15 Billion
  18. Vivian Que Azcona & siblings $1.1 Billion
  19. Mercedes Gotianun & family$1.09 Billion
  20. Betty Ang $1.05 Billion

Related Posts