Richest Filipino Business Moguls: Top 22 Billionaires In The Philippines In 2022 (Net Worth According To Forbes)

Who are the richest Filipino business moguls? 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 $16.6 billion followed by Manuel Villar who is the richest person (individual) with a net worth of $8.3 billion. Read on for the full list of the richest Filipinos.

Top 10 Billionaires In The Philippines In 2022 By Forbes

1. Sy Siblings – $16.6 Billion

Richest Filipino Business Moguls: Top 22 Billionaires In The Philippines In 2022 (Net Worth According To Forbes)
  • 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 – $8.3 Billion

Richest Filipino Business Moguls: Top 22 Billionaires In The Philippines In 2022 (Net Worth According To Forbes)
  • Age: 72
  • 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. – $6.3 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 – $4 Billion

  • Age: 55
  • 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 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. Jaime Zobrl de AZyala – $3.3 Billion

  • Age: 87
  • 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.

6. Dennis Anthony & Maria Grace Uy – $2.8 Billion

  • Age: 56
  • Source of Wealth: telecommunication, Self Made
  • Residence: Angeles, Philippines
  • Citizenship: Philippines
  • Marital Status: Married

Dennis Anthony Uy and his wife Maria Grace founded Converge ICT Solutions, one of the Philippines’ largest operators of high-speed internet.

In 2019 New York private equity firm Warburg Pincus invested $250 million in Converge to bolster its rollout and infrastructure plans.

Converge ICT’s fixed broadband services now reach more than 9.6 million homes in 440 cities and municipalities in the Philippines.

They took the company public in 2020, raising more than $500 million in what was one of the Philippines’ largest IPOs in recent years.

The couple still has a majority stake in the company.

7. Tony Tan Caktiong & family – $2.7 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. Andrew Tan – $2.5 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 chief executive of Alliance Global and chief strategy officer of property developer Megaworld.

9. Ramon Ang – $2.3 Billion

  • Age: 68
  • 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. Ty Siblings – $2.2 Billion

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

The Ty siblings, Arthur (pictured), Alfred, Alesandra, and Anjanette, are children of late banking tycoon, George Ty, who founded Metrobank in 1963.

The elder Ty later formed GT Capital, now one of the Philippines’ biggest conglomerates with interests in banking, auto, property development, power generation, and insurance.

The siblings’ fortune is comprised of stakes held in the publicly listed GT Capital and Metropolitan Bank Trust.

Eldest son Arthur chairs Metrobank. He has conferred the Asian Banker CEO Leadership Achievement Award for the Philippines in 2019.

Below is the full list of the Top 22 billionaires in the Philippines in 2022; their names, net worth, age, and source of wealth;

RankNameNet WorthAgeSource of Wealth
#1Sy Siblings$16.6 Bdiversified
#2Manuel Villar$8.3 B72real estate
#3Enrique Razon Jr.$6.3 B62ports
#4Lance Gokongwei & Siblings$4 B55diversified
#5Jaime Zobel de Ayala$3.3 B87diversified
#6Dennis Anthony & Maria Grace Uy$2.8 B56telecommunication
#7Tony Tan Caktiong$2.7 B69food
#8Andrew Tan$2.5 B70diversified
#9Ramon Ang$2.3 B68diversified
#10Ty Siblings$2.2 Bbanking
#11Hartono Kweefanus$1.95 B72food manufacturing
#12Lucio Tan$1.9 B87diversified
#13Isidro Consunji & Siblings$1.8 B72construction
#14Lucio and Susan Co$1.75 B67retail
#15Vivian Que Azcona & Siblings$1.65 B66drugstores
#16Ricardo Po Sr.$1.45 B91canned food
#17Soledad Oppen-Cojuangco$1.42 B84food, drinks
#18Betty Ang$1.4 B67foods
#19William Belo$1.3 B76home improvement stores
#20Mercedes Gotianun$1.25 B94real estate
#21Inigo Zobel$1.15 B65Diversified
#22Roberto Ongpin$1.1 B85diversified