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Filipino Billionaires

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1 Filipino Billionaires on Fri Jun 24, 2011 6:59 am

QueenBee

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A booming stock market has expanded the Philippines' billionaires' list to a record 11, with the combined wealth of the 40 richest also hitting an all-time high, Forbes.com said Thursday.

Shopping mall king Henry Sy, 86, saw his assets surge 44 percent to $7.2 billion over the past year and remains the Philippines' richest man, the website said in its annual update of the country's wealthiest.

Lucio Tan, 77, tobacco tycoon and former crony of the late dictator Ferdinand Marcos, kept his spot at number-two with $2.8 billion, while budget airline king John Gokongwei, 83, remained third-richest with $2.4 billion.

Six Filipinos became billionaires for the first time as the paper value of their shares in listed companies soared, boosting their select group's numbers to a record 11.

"The Philippines' economy grew only 4.9 percent in the first quarter of the year... off from 8.4 percent in 2010, but the country's stock market is booming," Forbes said, explaining the surge.

"The stock exchange's composite index is up 27 percent since last year, surpassing its 2007 benchmark."

This also lifted the combined fortunes of the country's 40 richest to an all-time high $34 billion, up from last year's $22.8 billion, the website reported.

Among the six new billionaires are construction magnate David Consunji, 90, and port operator Enrique Razon, at 51 the youngest Filipino with 10-figure assets.

The others are San Miguel Corp. chairman Eduardo Cojuangco, 76, former finance minister Roberto Ongpin, 74, banker George Ty, 78, and hamburger king Tony Tan Caktiong, 58, of the Jollibee restaurant chain.

Ongpin, a key San Miguel shareholder, was the biggest gainer as his wealth increased more than four-fold to become ninth-richest at $1.3 billion, owing mostly to his other investments in a listed gold mining firm.

Jaime Zobel de Ayala, 77, former head of top conglomerate Ayala Corp., slid two rungs to sixth-richest but his fortune still grew 35.71 percent to $1.9 billion.

Property developer Andrew Tan, 58, became the country's fourth-wealthiest man with $2 billion.

The youngest on this year's Filipino richest list was Edgar Sia, a 34-year-old college dropout now worth $85 million after selling his chicken-barbecue restaurant chain to Jollibee.

Forbes said the Filipino rich were also among Asia's most magnanimous.

Lucio Tan sent 700,000 bottles of water to tsunami-hit Japan, and his charity foundation has been a big backer of teacher training, medical missions and housing for the poor, it added.


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2 Re: Filipino Billionaires on Mon Jun 27, 2011 12:17 pm

babytwist

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hmmmmmmmmmm... why mn wla maapil c pacman? hehe

3 Re: Filipino Billionaires on Mon Jun 27, 2011 4:24 pm

QueenBee

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wapa gani pud ta naapil Mare..hehehe..


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4 Re: Filipino Billionaires on Tue Jun 28, 2011 1:43 am

babytwist

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nxt issue mare naa nata ani hahaha

5 Re: Filipino Billionaires on Tue Jul 05, 2011 11:50 am

gabrielle

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babytwist wrote:nxt issue mare naa nata ani hahaha

pagka rich ba diay aning akong mga ka bb
naa man jud asset worth billions..

6 Re: Filipino Billionaires on Tue Jul 05, 2011 2:54 pm

QueenBee

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..rich jud nuon gabz..rich sa utang! No No


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7 Re: Filipino Billionaires on Tue Jul 05, 2011 5:55 pm

gabrielle

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QueenBee wrote:..rich jud nuon gabz..rich sa utang! No No

pero if naa kai utang mahal na reyna nga worth billions
ibig sabihin rich ka...kai naa may nagpautang nimo ing-ana
ka dako nga kantidad...meaning ur asset is more than a billion...

8 Re: Filipino Billionaires on Tue Jul 05, 2011 7:43 pm

QueenBee

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suka, tuyo ug asin ang utang sa tindahan gabz...


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9 Re: Filipino Billionaires on Tue Jul 05, 2011 7:49 pm

spy_lass4

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ui billionaire MAN TA. KWARTA RAY WALA,AHHI..

10 Re: Filipino Billionaires on Tue Jul 05, 2011 7:59 pm

gabrielle

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QueenBee wrote:suka, tuyo ug asin ang utang sa tindahan gabz...

apili ug ginamos mahal na reyna..
Razz Razz Razz

11 Re: Filipino Billionaires on Tue Jul 05, 2011 8:00 pm

gabrielle

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spy_lass4 wrote:ui billionaire MAN TA. KWARTA RAY WALA,AHHI..



mao nay giingon spy datu nga way kwarta...

12 Re: Filipino Billionaires on Tue Jul 05, 2011 8:33 pm

QueenBee

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sagdi lang jamo ta'y daghang sapi basta makatog ta'g tarong inig ka gabii..


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13 Re: Filipino Billionaires on Wed Jul 06, 2011 10:47 am

gabrielle

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QueenBee wrote:sagdi lang jamo ta'y daghang sapi basta makatog ta'g tarong inig ka gabii..


hadlok diay ning kwartahan ta mahal na reyna kai dili diay ta ka2g inig ka gabii...hadlok tulison....
weheheheeeee......
bounce bounce

14 Re: Filipino Billionaires on Wed Jul 06, 2011 2:42 pm

QueenBee

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mao jud..unja di basta basta makagawas kay unja'g kidnap-pon..aguyyy, watta life kaha pud og ngana..di nalang ta mangambisyon..


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15 Re: Filipino Billionaires on Wed Jul 06, 2011 2:50 pm

gabrielle

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QueenBee wrote:mao jud..unja di basta basta makagawas kay unja'g kidnap-pon..aguyyy, watta life kaha pud og ngana..di nalang ta mangambisyon..


ug adunahan nata mahal na reyna daghan naman pod ta ana ug body guards.....

16 Re: Filipino Billionaires on Wed Jul 06, 2011 7:09 pm

QueenBee

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weeee..ug daghan na pud ta'g body guards & mga empleyado equals sakit sa ulo gabz..hahaha..


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