Despite of the turmoil and economic problems ongoing in the US and Europe, the millionaires in the Philippines continue to accumulate assets after assets.
Here is the latest release list of top 40 millionaires in the Philippines for 2011.
Rank 1: Henry Sy & family
Founder of the Largest Retailer in the Philippines, SM Prime Holdings
Net Worth 2011: US$ 7.2 billion
Age: 86
Rank 2: Lucio Tan & family
Controls Eton Properties Philippines, Philippine National Bank, Fortune Tobacco, Asia Brewery, Tanduay Holdings, Philippine Airlines, Allied Bank, the Philippines, University of the East and more
Net Worth 2011: US$ 2.8 billion
Age: 77
Rank 3: John Gokongwei Jr. & family
Chairman of JG Summit Holdings and controls companies such as Cebu Pacific Air and Universal Robina Corporation
Net Worth 2011: US$ 2.4 billion
Age: 83
Rank 4: Andrew Tan
He runs companies such as Alliance Global Group Inc, Megaworld Corporation, Emperador Distillers Incorporation and Golden Arches Development Corporation
Net Worth 2011: US$ 2 billion
Age: 58
Rank 5: David Consunji & family
Founder DMCI (D.M. Consunji, Incorporated)
Net Worth 2011: US$ 1.9 billion
Age: 90
Rank 6: Jaime Zobel de Ayala & family
From 1984 to 1994, he is the president and chairman of Ayala Corporation. Currently, his son, Fernando Zobel, is president of the corporation and his eldest son, Jaime Augusto Zobel de Ayala II, holds chairman and CEO
Net Worth 2011: US$ 1.7 billion
Age: 77
Rank 7: Enrique Razon Jr.
President and Chairman of ICTSI (International Container Terminal Services)
Net Worth 2011: US$ 1.6 billion
Age: 51
Rank 8: Eduardo Cojuangco Jr.
CEO of San Miguel Corporation
Net Worth 2011: US$ 1.4 billion
Age: 76
Rank 9: Roberto Ongpin
Net Worth 2011: US$ 1.3 billion
Age: 74
Rank 10: George Ty & family
Founder of Metropolitan Bank and Trust Company (Metrobank) who also hold shares from Bank of the Philippine Islands (BPI) and Philippine Savings Bank (PSB)
Net Worth 2011: US$ 1.1 billion
Age: 78
Rank 11: Tony Tan Caktiong & family
Founder and Chief Executive Officer of Jollibee
Net Worth 2011: US$ 1 billion
Age: 58
Rank 12: Inigo & Mercedes Zobel
He is the chairman of Business World Publishing, chairman and president of E. Zobel, Inc., director of Mermac, Inc., president of Ayala International España, and president of Diamond Star Agro Products, Inc.
Net Worth 2011: US$ 980 million
Rank 13: Emilio Yap & family
Hold and run Manila Hotel Corporation, USAUTOCO, Inc., Philtrust Realty Corporation, Philtrust Bank, Manila Bulletin Publishing Corporation, U.S. Automotive Co., Inc., Philippine President Lines Inc. and Centro Escolar University (CEU)
Net Worth 2011: US$ 930 million
Age: 85
Rank 14: Andrew Gotianun
Runs Filinvest Development Corporation and East West Bank
Net Worth 2011: US$ 795 million
Age: 83
Rank 15: Jon Ramon Aboitiz & family
Runs Aboitiz & Co
Net Worth 2011: US$ 760 million
Age: 62
Rank 16: Beatrice Campos & family
Widow of Jose Campos who is one of the co-founders of United Laboratories (Unilab)
Net Worth 2011: US$ 685 million
Rank 17: Manuel Villar
He is currently Senator of the Philippines who established Palmera and Camella Homes.
Net Worth 2011: US$ 620 million
Age: 61
Rank 18: Vivian Que Azcona & family
President of Mercury Drug, the Philippines’ leading drugstore
Net Worth 2011: US$ 550 million
Rank 19: Robert Coyiuto Jr. & family
Net Worth 2011: US$ 400 million
Age: 58
Rank 20: Mariano Tan & family
Holds stakes at UNILAB
Net Worth 2011: US$ 375 million
Rank 21: Alfonso Yuchengco & family
Chairs of Rizal Commercial Banking Corporation, Mapua Institute of Technology and the Yuchengco Group of Companies
Net Worth 2011: US$ 370 million
Age: 88
Rank 22: Enrique Aboitiz & family
Aboitiz Transport System CEO
Net Worth 2011: US$ 310 million
Age: 89
Rank 23: Oscar Lopez
Controls a stake at ABS-CBN Broadcasting
Net Worth 2011: US$ 280 million
Age: 81
Rank 24: Jose Antonio
Net Worth 2011: US$ 245 million
Age: 64
Rank 25: Eric Recto
Net Worth 2011: US$ 200 million
Age: 48
Rank 26: Gilberto Duavit & family
Executive Vice President and Chief Operating Officer of GMA Network
Net Worth 2011: US$ 190 million
Age: 76
Rank 27: Menardo Jimenez & family
PLDT’s Retail business group Senior Vice president
Net Worth 2011: US$ 185 million
Age: 79
Rank 28: Alfredo Ramos and Socorro Ramos
Runs National Book Store and controls Atlas Consolidated Mining & Development
Net Worth 2011: US$ 180 million
Age: 67
Rank 29: Betty Ang
President of Monde Nissin famous for Lucky Me!
Net Worth 2011: US$ 165 million
Rank 30: Felipe Gozon & family
GMA Network Chairman, President & CEO
Net Worth 2011: US$ 163 million
Age: 71
Rank 31: Tomas Alcantara & family
Runs Alsons Consolidated Resources, Inc. and Manila Economic and Cultural Office
Net Worth 2011: US$ 160 million
Age: 65
Rank 32: Benjamin Romualdez & family
Net Worth 2011: US$ 155 million
Age: 81
Rank 33: Wilfred Uytengsu Jr. & family
Alaska Milk
Net Worth 2011: US$ 150 million
Age: 49
Rank 34: Manuel Zamora
Nickel Asia Chairman
Net Worth 2011: US$ 145 million
Age: 71
Rank 35: Jacinto Ng Sr.
Net Worth 2011: US$ 115 million
Rank 36: Frederick Dy
Controls Security Bank Corporation and City Industrial Corp. and is the vice chairman of St. Luke’s Medical Center.
Net Worth 2011: US$ 110 million
Age: 56
Rank 37: Luis Virata
Chairman of CLSA Exchange Capital Inc. and owns half of Nickel Asia.
Net Worth 2011: US$ 100 million
Age: 57
Rank 38: Bienvenido R. Tantoco Sr. & family
Operates Starbucks Coffee in the Philippines and Rustans; and the Sole franchisee of Marks & Spencer
Net Worth 2011: US$ 95 million
Age: 90
Rank 39: Eugenio Lopez III & family
ABS-CBN Chairman and Chief Executive Officer
Net Worth 2011: US$ 90 million
Age: 59
Rank 40: Edgar Sia & family
Net Worth 2011: US$ 85 billion
Age: 34
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