17 Richest Men in the Philippines

Introducing: The Richest Men in the Philippines. Who are they? Let’s find out! Today, we shall be looking at 17 of the richest men in the Philippines. They have managed to work their way to the top and found themselves on the list of billionaires in the world today.

This list is drawn from Forbes 33rd annual ranking of billionaires in the world. While there are thousands of billionaires in the world, and the top being held by Amazons CEO Jeff Bezos (who despite his divorce case which saw him lose out a huge percentage of his income), who has remained the richest man in the world, we’ll be limiting our listing to just the richest men in the Philippines. In the Philippines, there are people who have amassed a great deal of wealth through their business or inheritance and have been dubbed wealthiest. So, who are they? Let’s find out

These are the 17 Richest Men in the Philippines

17. Dean Lao

Dean Lao
Net Worth $950 Million
Age60
Origin of Wealth Food Ingredients

The first name on our list is Dean Lao. He is a Philippine businessman and the Chairman emeritus of D&L Industries which specializes in the production of ingredients for food, plastics, cleaning, and aerosol products.

He also serves as the president of Oleochemical Manufacturers Association in the Philippine and the Philippine Biodiesel Association. Dean Lao chairs the United Coconut Association of the Philippines and is the director of the ASEAN Oleochemical Manufacturing Group. He ranks as the 17th richest man in the Philippines with a net worth of $950 million.

16. Ricardo Po, Sr.

Ricardo Po, Sr.
Net Worth$1.2 Billion
Age88
Origin of WealthCanned Food

Ricardo Po, Sr. is the founder of Century Pacific, the largest exporter of private-label tuna products in the Philippines. He started off his career in business with an advertising firm known as Cathy Promotions, but sadly, due to the crash in the stock market in 1973, Po lost almost all his fortune.

However, he bounced back with Century Pacific in 1978 and is ranked among the richest men in Philipines. Through his Arthaland, Po has also found property development an area of interest. He is the 16th richest man in Philipines.

15. Inigo U. Zobel

 Inigo U. Zobel
Net Worth$1.25 Billion
Age62
Origin of WealthDiversified

Another member of the Zobel family, Iñigo U. Zobel comes next as the 15th richest man in the Philippines. Mr. Zobel occupies multiple positions in different companies which includes him as the Chairman of Top Frontier Investment Holdings, Inc., Chairman & President at IZ Investment Holdings, Inc., Chairman & President for Zygnet Prime Holdings, Inc., President & Chief Executive Officer at E. Zobel, Inc., President at Ayala España SA, President of Hacienda Bigaa, Inc., President & Director at Calatagan Golf Club, Inc. and Vice Chairman & President at Manila North Harbour Port, Inc. and also on the board of 8th other companies. He is the cousin to Jaime Zobel de Ayala, and also a member on San Miguel’s board.

14. Roberto Ongpin

Roberto Ongpin
Net Worth$1.3 Billion
Age82
Origin of WealthDiversified

Roberto Velayo Ongpin, born on January 6, 1937, is a prominent businessman and the Minister of Trade and Industry under the administration of the Marcos. He is the chairman of a high-end property developer, Alphaland, a company which got delisted after a messy split with a U.K investment group back in 2014.

Although, there are claims that Ongpin has plans on relisting the company back soon. Ongpin was accused of insider trading in 2009 when he was the former Philippine trade minister. However, he was cleared of all charges in 2017. He is the 14th richest man in Philippine.

13. Robert Coyiuto, Jr.

Robert Coyiuto, Jr.
Net Worth$1.4 Billion
Age66
Origin of WealthPower

At number 13 are billionaire, chairman, and CEO of Prudential Guarantee & Assurance, a privately held company which is one of the biggest non-life insurance companies in both the Philipines and abroad.

Robert also has a 30% stake in National Grid and publicly listed Oriental Petroleum & Minerals. He is the owner of Philippine-based luxury car distributor, PGA Cars which distribute luxury cars such as Bentleys and Audi. He is ranked as the 13th richest man in Philippine.

12. Eduardo Cojuangco

Eduardo Cojuangco
Net Worth$1.5 Billion
Age84
Origin of WealthFood, Drinks

Eduardo Cojuangco is a Politician-diplomat-businessman and Marcos era crony who is the chairman of San Miguel, the largest food and beverage corporation in the Philippines and Southeast Asia. Eduardo once held the position as Philippine ambassador and former governor of Tarlac.

He is also the owner of a private cement-manufacturing business, with several other investments in orchards, stud farms, and wineries in Australia. Eduardo Cojuangco is the 12th richest man in Philipines.

11. Lucio and Susan Co

 Lucio and Susan Co
Net Worth $1.8 Billion
Age64
Origin of WealthRetail

Lucio and Susan Co are the founders and owners of Puregold Price Club, a supermarket chain they founded in 1998. The chain currently has over 350 stores across the Philippines. The Co family have shown interests in other areas of investment such as hotels, gaming, and wine distribution. Lucio Co and family are the 11th Philippine billionaires on our list.

10. Isidro Consunji

Isidro Consunji
Net Worth$2.5 Billion
Age70
Origin of WealthConstruction

Isidro Consunji is a prominent Filippino businessman and the chairman, president, and CEO of one of Philippines largest construction and property development companies DMCI Holdings. A position he has held since 1995.

He led the diversification of the company which has interests in mining, power generation, and water services. Isidro Consunji is also the President of the Philippine Chamber of Coal Mines. He ranks as the 10th richest man in the Philippines with an estimated net worth of $2.5 billion.

9. Andrew Tan

Andrew Tan
Net Worth$2.6
Age67
Origin of WealthDiversified

Andrew Lim Tan is a Chinese Filipino billionaire and the chairman of Alliance Global, a holding company in the Philippines with interest in food and beverage, real estate, liquor, and gaming. He was ranked as the 4th richest man by Forbes Magazine on the list of “Philippines 40 richest” with an estimated net worth of $2 billion. His company Alliance Global owns the McDonald’s franchise in the country and listed brandy company Emperador. He ranks as the 9th richest man in the Philippines.

8. George Ty

George Ty
Net Worth$2.8 Billion
Age86
Origin of WealthBanking

George Siao Kian Ty is a Filipino banker and business magnate and the founder of the nations second-largest bank both in asset and capital, Metropolitan Bank and Trust Company. The bank which is a publicly-traded company has 945 branches around the Philippines. Ty also owns hotels under Grand Hyatt and Marco Polo brands. He is the 8th richest man in the Philippines.

7. Ramon Ang

Ramon Ang
Net Worth$2.9 Billion
Age65
Origin of WealthDiversified

Ramon Ang comes next as the richest man in the Philippines with a net worth of $2.9 Billion. He is a Chinese Filipino businessman and the President and Chief Executive Officer of Top Frontier Investment Holdings, Inc., the largest shareholder of San Miguel Corporation.

The company which is a giant in the food and beverages industry generates the majority of its revenue from power and infrastructure businesses. Ang is also the owner of a hotel and 100 acres of prime real estate.

6. Lucio Tan

Lucio Tan
Net Worth$3.8 Billion
Age85
Origin of WealthDiversified

Lucio C. Tan, Sr. is a Chinese Filipino billionaire businessman and the founder and chairman of LT Group, a company which boasts of $1.1 billion in sales and has interests in tobacco, spirits, banking, and property development.

He worked as a cleaner to help himself through college as a student of Chemical engineer at Far East University. Lucio started the Asia Brewery in 1982, which is now a subsidiary of LT Group. He is ranked as the 6th richest man in the Philippines.

5. Tony Tan Caktiong

Tony Tan Caktiong
Net Worth$3.85 Billion
Age66
Origin of WealthFood

Tony Tan Caktiong, CM is a Filipino entrepreneur and the founder and chairman of Jollibee Foods Corporation. He also co-chairs the fast-growing DoubleDragon Properties. His Jollibee Foods is one of the fastest-growing restaurant chains in all of Asia.

The food chain which he started as an ice cream shop, generated over $2.5 billion in sales in 2017. And has continued to expand from Macau to the UK. He is the 5th richest man in the Philippines with a net worth of $3.85 billion.

4. Enrique Razon, Jr.

 Enrique Razon, Jr.
Net Worth$3.9 Billion
Age59
Origin of WealthPorts

Occupying the 4th position as the richest man in the Philippine is Filipino billionaire and the Chairman and CEO of International Container Terminal Services (ICTSI), Enrique Anselmo Klar Razon Jr. The company which is the country’s biggest leading terminal operator generates over $1.1 billion in sales annually and also has subsidiaries in Eastern Europe, Africa, and the Americas.

3. Jaime Zobel de Ayala

Jaime Zobel de Ayala
Net Worth$4 Billion
Age85
Origin of WealthDiversified

At number 3 position is the chairman of Ayala Group. His 7 children currently have control over one-third of the $3.9 billion in revenue conglomerate. The company bought 33% of MCT, a development and construction company in Malaysia which develops low-and-middle-income housing.

Also, in 2015, the company bought a 49% stake in the e-commerce marketplace Zalora, which is the company’s first attempt in e-commerce. He ranks as the 3rd richest man in the Philippines.

2. John Gokongwei

John Gokongwei
Net Worth$5.2 Billion
Age92
Origin of WealthFood and Beverage

The second richest man in the Philippines is John Gokongwei, the founder of JG Summit, a company with interests in air transportation, telecommunications, banking, food, power, and property. He started his cornstarch plant in 1957 and has grown it into the Universal Robina Corporation, one of the country’s largest food and beverage companies. He has a net worth of $5.2 billion.

1. Manuel Villar

Manuel Villar is the richest man in the Philippines
Net Worth$5.5 Billion
Age69
Origin of WealthReal Estate

Tycoon and former Senate President Manny Villar is our richest man in the Philippines following the passing away of retail tycoon, chairman of one of Philippines’ largest mall operators the late Henry Sy, Sr., who has topped the Philippines rich list for over 11-years in a row with a net worth of $18.5 billion before his death. Now, the founder and chairman of Vista and Landscapes, the largest homebuilder in the Philippines, Manuel Villar has taken over the rich list of the Philippines with a net worth of $5.5 billion.

About the author

David Samuel

David Samuel is the Senior Writer for Porumba. He is a writer, Economist and loves research.

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