Top 5 Richest Man in the Philippines 2015

The Top billionaires in the Philippines 2015 according to Forbes Magazine.

1. Henry Sy -   Net worth $ 14.20 Billion

Henry Sy remains the richest person in the Philippines. His net worth has increased by ten digits plus thanks to the continued growth of his SM Investments Corp, the largest retailer in the Philippines with over 200 individual outlets around the country. The firm is one of the country's largest conglomerates with interests in real estate development, shopping malls and banking. One of his more recent ventures: the City of Dreams Manila resort and casino, which opened in December 2014. The resort cost $1.3 billion to develop and consists of 950 rooms, 365 tables and 1,700 slot machines. Sy studied retail at his father's elbow in the family convenience store. Not satisfied with merely filling dad's shoes, he saved up to start a footwear shop, the humble origins of his empire.

2. Lucio Tan -   Net worth $ 4.5 Billion

Lucio Tan's LT Group owns Asia Brewery, maker of popular Beer na Beer. It also has a stake in Philip Morris-Fortune Tobacco, which has an estimated 80% market share of the country's cigarette market; the firm has said it'll cut jobs amid a slide in sales. In addition to Fortune Tobacco, LT Group has absorbed some other companies owned by Tan, including Philippine National Bank and Asia Brewery. In addition to these companies, Tan has a stake in Philippines Airlines, the country's oldest airline. After selling a 49% stake to San Miguel Corporation in 2012, Tan launched a bid to buy back these shares in 2014 as the airline returned to profitability. Up north, in Hong Kong, he owns real estate developer Eton Properties. Tan got his start as a chemical engineer and mopped floors to pay for school. He enjoys flying helicopters.

3. Enrique Razon Jr. -   Net worth $ 5.1 Billion



Enrique "Ricky" Razon is chairman and CEO of International Container Terminal Services, the largest port operator in the Philippines. In all, it controls 29 ports across 21 countries. He inherited the firm from his father, but has been personally responsible for much of the firm's expansion and internationalization since he started as an executive vice president in 1987. He became Chairman in 1995. He is also known for his Solaire Resort & Casino, the first fully integrated resort casino in the Philippines, which opened in March 2013. Married with two children, Mr. Razon is an avid golfer and kite surfer, backing events for both sports including the Philippines Golf Tour.

4. Andrew Tan. -   Net worth $ 4.9 Billion


Andrew Tan is a property plutocrat with large stake in Megaworld, a builder of apartment complexes doubling as small cities. He's big into brandy, too: His Emperador Distillers went public last year and agreed to buy Scotchmaker Whyte & Mackay for $720 million. His fortune also extends to 408 McDonald's restaurants in the Philippines (owning franchise via his Alliance Global conglomerate) and Resorts World Manila. Son of a factory worker, Tan put himself through college doing odd jobs--he jokes that he would chase girls for rides home--then saved enough money as a kitchen-appliance salesman to buy his first distillery.

5. John Gokongwei Jr.. -   Net worth $ 4.9 Billion

Prosperity abounds at John Gokongwei's conglomerate, JG Summit Holdings, which he founded. Its stock has skyrocketed on strong revenue growth. JG Summit's operations include airlines, telecoms, property development, banking, hotels and power. A little turbulence for one of its companies: Budget carrier Cebu Pacific was fined $1.2 million for excessive delays over Christmas in 2014. His eldest child, Robina--the namesake of food firm Universal Robina--runs Robinson Retail; brother James Go chairs JG Summit, while son Lance is president.