The Top 10 Richest Person in The Philippines 2023

The Philippines is home to many successful and influential individuals, including some of the world’s wealthiest people. Among these wealthy are the top 10 richest people in The Philippines, who have made their fortunes through various industries such as real estate, food and beverage, telecommunications, and banking.

Topping the list is Henry Sy Sr., who has a net worth of $12.9 billion. He founded SM Investments Corporation, which operates malls, supermarkets, department stores and other businesses in the Philippines. Second on the list is Manuel Villar, with a net worth of $7.8 billion, who made his fortune through real estate development.

Third on the list is John Gokongwei Jr., with a net worth of $5.3 billion from his holdings in JG Summit Holdings Inc., one of the country’s largest conglomerates with interests in air transportation, banking and food manufacturing.

Other notable names on this list include Jaime Zobel de Ayala ($2.55B), Enrique Razon Jr ($5.6B), Lucio Tan ($3.9B), Andrew Tan ($2.4B), Ramon Ang ($2.45B), Tony Tan Caktiong($2.6.B) and finally Eduardo Cojuangco Junior($1.B).

Table of Contents

Summary Top 10 Richest Person in The Philippines

Name	Net Worth	Brief Biography
Sy Siblings	$20.1 Billion	Owners of SM Investments Corporation, a conglomerate with interests in retail, real estate, and banking. Founded by Henry Sy, Sr. and now run by his six children.
Manuel Villar	$7.8 Billion	Founder of Vista Land and Lifescapes, one of the largest homebuilders in the Philippines. Also served as a senator in the Philippine Congress.
Enrique Razon Jr.	$5.6 Billion	Chairman of International Container Terminal Services, Inc., one of the largest port operators in the world. Also has interests in gaming and energy.
Lance Gokongwei	$3.1 Billion	CEO of JG Summit Holdings, a conglomerate with interests in food and beverage, real estate, and aviation, among others. Son of John Gokongwei Jr., founder of JG Summit.
Aboitiz Family	$2.9 Billion	Family-owned conglomerate with interests in power, banking, and food. Founded in the late 1800s by Paulino Aboitiz and his brothers, and now run by the fifth generation of the family.
Isidro Consunji	$2.65 Billion	Chairman of DMCI Holdings, a conglomerate with interests in construction, real estate, and power. Also established the DMCI Foundation, which supports various education initiatives in the Philippines.
Tony Tan Caktiong	$2.6 Billion	Founder and Chairman of Jollibee Foods Corporation, the largest fast-food chain in the Philippines. Started as an ice cream parlor and expanded to include various food brands.
Jaime Zobel de Ayala	$2.55 Billion	Chairman Emeritus of Ayala Corporation, one of the oldest and largest conglomerates in the Philippines with interests in real estate, telecommunications, and banking, among others. Descended from a family of Spanish colonizers who settled in the Philippines in the 1800s.
Ramon Ang	$2.45 Billion	CEO of San Miguel Corporation, a diversified conglomerate with interests in food and beverage, power, and infrastructure, among others. Has led the expansion of San Miguel's operations both domestically and internationally.
Andrew Tan	$2.4 Billion	Founder of Alliance Global Group, a conglomerate with interests in real estate, food and beverage, and gaming, among others. Born in China and migrated to the Philippines in the 1950s. Also established the Andrew Tan Foundation to support various social development programs.

1. Sy Siblings Net Worth and Biography – $12.6 Billion

According to Forbes, the Sy siblings are one of the wealthiest families in the Philippines, with a combined net worth of $12.6 billion. The siblings inherited their wealth from their father, Henry Sy Sr., who founded SM Investments Corporation, one of the largest conglomerates in the country.

Today, the Sy siblings are involved in various industries such as retail, banking, real estate, and hospitality.

Sy Siblings Biography

Teresita Sy-Coson is the eldest sibling and is considered the family’s matriarch. She is the chairman of SM Investments Corporation and is credited with expanding the company’s retail and banking businesses. In 2018, Forbes named her the 49th most powerful woman in the world.

Elizabeth Sy is the second eldest sibling known for her low profile. She is a director of SM Investments Corporation and is also involved in the family’s real estate business.

Henry Sy Jr. is the third child and eldest son of the Sy siblings. He is the chairman of SM Prime Holdings, the family’s real estate arm, with a market capitalization of over $22 billion. Under his leadership, SM Prime Holdings has become the largest property developer in the Philippines.

Hans Sy is the fourth child known for his passion for sports. He is the chairman of SM Prime Holdings’ Executive Committee and is involved in the family’s retail and hospitality businesses.

Herbert Sy is the fifth child and is known for his philanthropy. He is the president of SM Development Corporation, the family’s affordable housing subsidiary, and is also involved in the family’s retail and banking businesses.

Harley Sy is the youngest of the siblings and is involved in the family’s real estate business. He is the president of SM Investments Corporation and is credited with expanding the family’s real estate portfolio.

In addition to their business ventures, the Sy siblings are involved in various philanthropic activities. They have established the SM Foundation, which aims to provide education, healthcare, and disaster relief to needy communities.

Overall, the Sy siblings’ net worth and business success have made them some of the most influential people in the Philippines. They have also contributed significantly to the country’s economy and remain industry leaders.

2. Manuel Villar Net Worth and Biography – $7.8 Billion

According to Forbes, Manuel Villar is a Filipino businessman and politician with a net worth of $7.8 billion. He is the founder of Vista Land & Lifescapes, one of the largest real estate developers in the Philippines. Villar is also a former Senator and the current Speaker of the House of Representatives in the Philippines.

Manuel Villar Biography

Villar was born on December 13, 1949, in Moriones, Tondo, Manila. He earned a Bachelor of Science degree in Business Administration from the University of the Philippines and later completed his Master’s degree in Business Administration at the same university.

In 1975, Villar founded his first seafood restaurant, Island Cove Seafood Restaurant. He later expanded his business ventures to include real estate development. In 2007, he founded Vista Land & Lifescapes, which has since become one of the largest real estate developers in the Philippines. The company is known for its mid-range to high-end residential and commercial properties, which cater to the country’s growing middle class.

Aside from his business ventures, Villar is also a prominent politician in the Philippines. He served as a Senator from 2001 to 2010, focusing on various issues such as poverty alleviation and economic development. He also ran for the presidency in 2010 but lost to Benigno Aquino III.

In 2019, Villar was elected as the Speaker of the House of Representatives, the third-highest position in the Philippine government. As Speaker, he has been involved in various initiatives to boost the country’s economy and promote social welfare.

Aside from his business and political ventures, Villar is also involved in various philanthropic activities. He and his wife, Cynthia Villar, founded the Villar Foundation to provide livelihood opportunities and environmental conservation to needy communities. They have also donated millions of pesos to various charitable causes such as education and healthcare.

In conclusion, Manuel Villar’s net worth and business success have made him one of the wealthiest people in the Philippines. His contributions to the country’s real estate industry and his involvement in politics have also made him a prominent figure in Philippine society.

3. Enrique Razon Jr. Net Worth and Biography $5.6 Billion

Enrique Razon Jr. is a Filipino businessman and the chairman and CEO of International Container Terminal Services, Inc. (ICTSI), one of the world’s largest port operators. According to Forbes, Razon has a net worth of $5.6 billion, making him one of the wealthiest people in the Philippines.

Enrique Razon Jr. Biography

Razon was born on March 3, 1960, in Manila, Philippines. He earned a Bachelor of Science in Finance from De La Salle University. He later completed his Master’s in Business Administration at the Kellogg School of Management at Northwestern University in Illinois, USA.

Razon began his career in the family-owned business, the Manila Jockey Club, where he served as its president from 1988 to 1990. In 1994, he took over the management of ICTSI, which at the time was a small company operating only one terminal in Manila. Under his leadership, ICTSI has since become one of the largest port operators in the world, with a presence in over 30 countries and a market capitalization of over $10 billion.

Aside from his business ventures, Razon is also involved in various philanthropic activities. He founded the ICTSI Foundation, focusing on community development, education, and disaster relief efforts. He also supports charitable causes such as healthcare, education, and environmental conservation.

In addition to his role in ICTSI, Razon is also involved in various other business ventures. He is the chairman of Bloomberry Resorts Corporation, a gaming and hospitality company that operates Solaire Resort & Casino, one of the largest casinos in the Philippines. He is also involved in the energy sector by owning Prime Metro Power Holdings Corporation.

Razon’s business success and contributions to the Philippine economy have earned him numerous awards and recognition. In 2010, he was named Entrepreneur of the Year by Ernst & Young Philippines, and in 2016, he was awarded the Presidential Medal of Merit by Philippine President Rodrigo Duterte.

Despite his success, Razon has faced some controversies over the years. In 2013, a whistleblower accused ICTSI of corruption, claiming that the company paid bribes to officials to win contracts. Razon denied the allegations and launched an internal investigation, which found no evidence of wrongdoing. In 2020, the Philippine Bureau of Customs also filed a case against ICTSI for allegedly smuggling drugs into the country through one of its terminals.

In conclusion, Enrique Razon Jr.’s net worth and business success have made him one of the Philippines’ wealthiest and most influential people. His contributions to the country’s port operations industry and involvement in various philanthropic activities have made him a prominent figure in Philippine society. However, his businesses have also faced some controversies over the years.

4. Lance Gokongwei Net Worth and Biography – $3.1 Billion

Lance Gokongwei is a Filipino businessman and the president and CEO of JG Summit Holdings, Inc., one of the largest conglomerates in the Philippines. According to Forbes, Gokongwei has a net worth of $3.1 billion, making him one of the wealthiest people in the country.

Lance Gokongwei Biography

Gokongwei was born on April 8, 1968, in Manila, Philippines, as the second son of John Gokongwei Jr., the founder of JG Summit. He graduated from Ateneo de Manila University with a degree in Economics and later earned his MBA from the Kellogg School of Management at Northwestern University in Illinois, USA.

After completing his studies, Gokongwei began his career at JG Summit in 1992 as an executive assistant to the president. He worked his way up the ranks and was eventually appointed as the company’s president and CEO in 2001, succeeding his father.

Under Gokongwei’s leadership, JG Summit has diversified into various industries such as food and beverage, retail, real estate, aviation, and telecommunications. Some of the company’s notable subsidiaries include Universal Robina Corporation, Robinsons Land Corporation, Cebu Pacific Air, and Digitel Telecommunications Philippines, Inc.

Aside from his business ventures, Gokongwei is also involved in various philanthropic activities. He is the founder and chairman of the Gokongwei Brothers Foundation, which provides scholarships and financial assistance to students from underprivileged families in the Philippines. He is also a member of the board of trustees of the Philippine Business for Social Progress, a non-governmental organization that aims to reduce poverty in the country.

In addition to his role in JG Summit, Gokongwei is involved in various other business ventures. He is a member of the board of directors of Robinsons Retail Holdings, Inc., one of the largest retailers in the Philippines. He also serves as the chairman of the board of directors of Digital Telecommunications Philippines, Inc.

Gokongwei’s business success and contributions to the Philippine economy have earned him numerous awards and recognition. In 2015, he was named one of the 100 Most Powerful People in Business by Forbes Asia. In 2016, he was awarded the Outstanding CEO award by the ASEAN Business Awards.

In conclusion, Lance Gokongwei’s net worth and business success have made him one of the most prominent figures in the Philippine business world. His contributions to the country’s economy through JG Summit and his involvement in various philanthropic activities have also made him a respected member of Philippine society.

5. Aboitiz Net Worth and Biography – $2.9 Billion

Aboitiz is a prominent Filipino conglomerate interested in various industries such as power, banking, food, and infrastructure. According to Forbes, the Aboitiz family has a net worth of $2.9 billion, making them one of the wealthiest families in the Philippines.

Aboitiz Biography

The Aboitiz family’s business roots can be traced back to the late 1800s when Paulino Aboitiz, a Spanish immigrant, established a trading business in the Philippines. In 1907, the Aboitiz family founded Aboitiz & Company, a shipping and trading business that would eventually grow to become one of the largest conglomerates in the country.

Today, the Aboitiz Group is led by Erramon Aboitiz, the company’s president and CEO. Under his leadership, the company has diversified into various industries: power generation, banking, food manufacturing, real estate, and infrastructure.

One of the Aboitiz Group’s most significant subsidiaries is Aboitiz Power, one of the leading power companies in the Philippines. The company operates various power plants nationwide and has expanded its operations to Indonesia and Vietnam. Aboitiz Power is committed to promoting clean energy and has invested in renewable projects such as hydropower and solar power.

Aside from its power business, the Aboitiz Group also operates Union Bank of the Philippines, one of the country’s largest banks. The company also has interests in the food manufacturing industry through its subsidiary, Pilmico Foods Corporation, which produces animal feeds and flour products.

The Aboitiz Group is also involved in various infrastructure projects across the Philippines, such as the construction of airports, seaports, and highways. The company’s real estate arm, Aboitiz Land, has developed various residential and commercial properties nationwide.

In addition to its business ventures, the Aboitiz Group is committed to promoting sustainable development and has launched various initiatives to address environmental and social issues. The Aboitiz Foundation supports multiple education, health, and ecological programs nationwide.

Overall, the Aboitiz Group’s net worth and business success have made it one of the most prominent conglomerates in the Philippines. The company’s commitment to promoting clean energy and sustainable development has also earned them recognition and respect from various stakeholders in the Philippines and beyond.

6. Isidro Consunji Net Worth and Biography – $2.65 Billion

Isidro Consunji is a Filipino businessman and the chairman of DMCI Holdings, one of the largest conglomerates in the Philippines. According to Forbes, his net worth is estimated to be $2.65 billion, making him one of the wealthiest individuals in the country.

Isidro Consunji Biography

Consunji is the son of David Consunji, a prominent Filipino businessman and the founder of DMCI Holdings. He started his career in the construction industry and joined DMCI in the 1980s. He worked his way up through the ranks and became the president and CEO of DMCI Holdings in 1995, succeeding his father.

Under Consunji’s leadership, DMCI Holdings has diversified its business interests into various industries, such as real estate development, power generation, mining, and water infrastructure. The company has also expanded its operations outside the Philippines and invested in countries such as Indonesia, Myanmar, and Vietnam.

One of DMCI Holdings’ most significant subsidiaries is DMCI Homes, a real estate development company that builds affordable and quality housing projects. The company has completed various residential projects across the Philippines and expanded its operations to other Southeast Asian countries.

DMCI Holdings is also involved in the power generation industry through its subsidiary, Semirara Mining and Power Corporation, which operates a coal-fired power plant in Semirara Island in the Philippines. The company also has interests in mining and has various mining projects across the country.

In addition to his business ventures, Consunji is also actively involved in various philanthropic activities. He is the chairman of the Consuelo Foundation, a non-profit organization that provides health, education, and livelihood programs to marginalized communities in the Philippines.

Overall, Isidro Consunji’s net worth and business success have made him one of the most prominent businesspeople in the Philippines. His leadership and vision have enabled DMCI Holdings to become one of the largest conglomerates in the country, with interests in various industries. His commitment to social responsibility and philanthropy has also earned him recognition and respect from multiple stakeholders in the Philippines and beyond.

7. Tony Tan Caktiong’s Net Worth and Biography – $2.6 Billion

Tony Tan Caktiong is a Filipino-Chinese businessman and the founder of Jollibee Foods Corporation, the largest fast-food chain in the Philippines. According to Forbes, his net worth is estimated to be $2.6 billion, making him one of the wealthiest individuals in the country.

Tony Tan Caktiong Biography

Tan Caktiong started his career in the food industry by managing his family’s Magnolia Ice Cream House business in the Philippines. In 1975, he opened his first Jollibee restaurant in Quezon City, which served hamburgers, fries, and drinks.

Under Tan Caktiong’s leadership, Jollibee Foods Corporation expanded its operations and became one of the largest fast-food chains in the Philippines. The company has expanded its operations outside the country and has over 5,800 stores across various countries, such as the United States, China, and Saudi Arabia.

Jollibee Foods Corporation has also acquired various food chains such as Greenwich Pizza, Red Ribbon, and Chowking, among others, making it one of the largest food conglomerates in the Philippines.

In addition to his business ventures, Tan Caktiong is actively involved in various philanthropic activities. He established the Jollibee Group Foundation, focusing on social responsibility programs such as disaster relief, education, and the environment.

Tan Caktiong has received various awards and recognition for his contributions to the food industry and philanthropy. In 2004, he received the Ernst & Young World Entrepreneur of the Year award, and in 2016, he was included in Forbes’ list of Asia’s Heroes of Philanthropy.

Tony Tan Caktiong’s net worth and business success have made him one of the most prominent businesspeople in the Philippines. His leadership and vision have enabled Jollibee Foods Corporation to become one of the largest food conglomerates in the country, with operations in various countries around the world. His commitment to social responsibility and philanthropy has also earned him recognition and respect from multiple stakeholders in the Philippines and beyond.

8. Jaime Zobel de Ayala Net Worth and Biography – $2.55 Billion

Jaime Zobel de Ayala is a prominent Filipino businessman and philanthropist. He is the chairman emeritus of Ayala Corporation, one of the largest and oldest conglomerates in the Philippines. According to Forbes, his net worth is estimated at $2.55 billion.

Jaime Zobel de Ayala Biography

Zobel de Ayala was born into one of the Philippines’ most prominent and influential families. He attended Harvard University, earning his undergraduate and graduate degrees in economics.

After returning to the Philippines, Zobel de Ayala joined Ayala Corporation and held various positions before being appointed chairman and CEO in 1984. Under his leadership, Ayala Corporation expanded its operations and diversified into various industries such as real estate, banking, telecommunications, and water infrastructure.

Zobel de Ayala is known for his commitment to social responsibility and sustainability. He has championed various initiatives to promote environmental conservation and renewable energy, such as creating Ayala Land’s first eco-friendly township, Nuvali.

In addition to his business ventures, Zobel de Ayala is actively involved in various philanthropic activities. He established the Ayala Foundation, which focuses on various social development programs such as education, health, and livelihood.

Zobel de Ayala has received various awards and recognition for his contributions to business and philanthropy. In 2007, he was awarded the Order of the Rising Sun, Gold and Silver Star by the Japanese government, and in 2014, he was included in Forbes’ list of Asia’s Heroes of Philanthropy.

Jaime Zobel de Ayala’s net worth and business success have made him one of the Philippines’ most influential and respected businesspeople. His commitment to social responsibility and sustainability has also earned him recognition and respect from various stakeholders in the country and beyond.

9. Ramon Ang Net Worth and Biography – $2.45 Billion

Ramon Ang is a Filipino businessman and the president and CEO of San Miguel Corporation, one of the largest conglomerates in the Philippines. According to Forbes, his net worth is estimated at $2.45 billion.

Ramon Ang Biography

Ang was born in the Philippines and graduated from Far Eastern University with a degree in mechanical engineering. He started as an assistant manager at Philippine Blooming Mills, a steel company, before joining San Miguel Corporation in 1982.

Under his leadership, San Miguel Corporation has become one of the Philippines’ most diversified and successful conglomerates. The company has interests in various industries, such as food and beverage, power generation, infrastructure, and telecommunications.

Ang is known for his business acumen and strategic vision. He has been instrumental in expanding and diversifying San Miguel Corporation’s operations, including acquiring several companies in the Philippines and abroad.

In addition to his role at San Miguel Corporation, Ang is also involved in various philanthropic activities. He has donated to multiple causes, such as education and disaster relief, and has established the Ramon Ang Foundation to support various social development programs.

Ang’s success in business has earned him numerous awards and recognition. He has been named one of the most influential people in the Philippines by Forbes Asia and was awarded the Outstanding CEO in Asia award by the Asia Corporate Excellence and Sustainability Awards in 2018.

Ramon Ang’s net worth and business success have made him one of the Philippines’ most influential and respected businesspeople. His philanthropy and social development contributions also highlight his commitment to positively impacting the country and beyond.

10. Andrew Tan Net Worth and Biography – $2.4 Billion

Andrew Tan is a Filipino businessman and the founder of Alliance Global Group, a conglomerate interested in various industries such as real estate, food and beverage, and gaming. According to Forbes, his net worth is estimated at $2.4 billion.

Andrew Tan Biography

Tan was born in China but migrated to the Philippines in the 1950s. He studied at the University of the East and started his career as a marketing manager at a liquor company before founding Alliance Global Group in 1993.

Under his leadership, Alliance Global Group has become one of the Philippines’ most successful and diversified conglomerates. The company has interests in various industries, such as real estate, food and beverage, and gaming. Its subsidiaries include Megaworld Corporation, Emperador Inc., and Resorts World Manila.

Tan is known for his entrepreneurial spirit and business acumen. He has been instrumental in expanding Alliance Global Group’s operations, including developing several world-class properties in the Philippines and abroad.

In addition to his business ventures, Tan is involved in various philanthropic activities. He has donated to multiple causes such as education, healthcare, and disaster relief and has established the Andrew Tan Foundation to support various social development programs.

Tan’s success in business has earned him numerous awards and recognition. He has been named one of the most influential people in the Philippines by Forbes Asia and was awarded the Lifetime Achievement Award by the World Chinese Business Network in 2019.

Andrew Tan’s net worth and business success have made him one of the Philippines’ most influential and respected businesspeople. His philanthropy and social development contributions also highlight his commitment to positively impacting the country and beyond.

Conclusion

After exploring the net worth and biographies of some of the wealthiest individuals in the Philippines, it is clear that these individuals have made significant contributions to the country’s economy and society.

From the Sy siblings’ vast empire of retail, real estate, and banking to Ramon Ang’s leadership in one of the largest conglomerates in the country, these entrepreneurs have created businesses that have not only generated wealth for themselves but also provided employment and opportunities for many Filipinos.

In addition to their business acumen, many have demonstrated their commitment to social development and philanthropy. Andrew Tan’s establishment of the Andrew Tan Foundation and Isidro Consunji’s support for education through the DMCI Foundation are just a few examples of how these wealthy individuals give back to their communities.

Overall, these individuals’ net worth and biographies offer insights into their journeys to success, their industries, and their impact on the Philippines. Their stories inspire aspiring entrepreneurs, showcasing the potential for individuals to make a significant difference through business and philanthropy.

Who are the top 10 richest man in the Philippines?

According to Forbes' 2021 Billionaires List, the top 10 richest people in the Philippines are:

Manuel Villar - $7.2 billion
Enrique Razon Jr. - $5.1 billion
Lucio Tan - $3.3 billion
Hans Sy - $3.1 billion
Tony Tan Caktiong - $2.7 billion
Ramon Ang - $2.6 billion
Andrew Tan - $2.3 billion
Ty siblings (Harley, Henry, and Teresita Sy) - $2.2 billion each
Roberto Ongpin - $1.9 billion
Inigo and Mercedes Zobel - $1.6 billion each
Who is the 1st billionaire in the Philippines?

The first billionaire in the Philippines is John Gokongwei Jr., who was a prominent businessman and the founder of JG Summit Holdings. He passed away in 2019 with a net worth of $5.1 billion.

Who is super rich in Philippines?

There are many wealthy individuals in the Philippines, but some of the super-rich individuals include Manuel Villar, Enrique Razon Jr., Lucio Tan, Hans Sy, Tony Tan Caktiong, and Ramon Ang, among others.

Who is the richest man in the Philippines today?

The richest man in the Philippines today, according to Forbes' 2022 Billionaires List, is Manuel Villar with a net worth of $7.2 billion.

Is Philippines rich or poor?

The Philippines is considered a lower-middle-income country, with a GDP per capita of $3,833 as of 2022. While there are wealthy individuals in the Philippines, there are also many who live below the poverty line.

Who is Asia no rich person?

The richest person in Asia is currently Mukesh Ambani, an Indian businessman and the chairman of Reliance Industries. As of 2022, his net worth is $94.5 billion.

What is upper class in the Philippines?

The upper class in the Philippines refers to individuals who have significant wealth and are considered part of the elite. This may include wealthy businessmen, politicians, and other high-ranking officials.

How many Filipinos are rich?

According to Credit Suisse's Global Wealth Report, there were approximately 54,000 millionaires in the Philippines in 2022. However, this only represents a small percentage of the overall population.

Who is the richest woman in Philippines?

The richest woman in the Philippines, according to Forbes' 2022 Billionaires List, is Teresita Sy-Coson, the daughter of Henry Sy Sr. and co-chair of SM Investments Corporation. Her net worth is estimated at $1.8 billion.

Who is the most trillionaire in the Philippines?

There is currently no trillionaire in the Philippines, as the concept of a trillionaire refers to an individual whose net worth exceeds one trillion dollars. However, there are many wealthy individuals in the country with net worths in the billions of dollars.

Who is the most successful man in the Philippines?

The most successful man in the Philippines is a matter of perspective, as success can be measured in different ways. However, some of the most prominent and successful businessmen in the country include Manuel Villar, Enrique Razon Jr., and Tony Tan Caktiong.