A total of 14 Filipino billionaires made it to this year’s ranking by Forbes Magazine of the Richest People in the World with real estate and retail magnate Manuel B. Villar Jr. still at the head of the pack. ManilaBulletin READ:
Villar was ranked as the 232rd richest in the world with a net worth of $8.6 billion which includes his real estate empire Vista Land & Lifescapes and growing retail business led by AllHome and AllDay Supermarkets as well as expanding restaurant and café business led by The Coffee Project.The second richest Filipino is container terminal and gaming tycoon Enrique K. Razon Jr. at No. 312 with a net worth of $7.3 billion who controls International Container Terminal Services Inc.
Rounding up the list are the Gokongwei Group’s Lance Gokongwei at 2,020 with a net worth of $1.4 billion, Jollibee’s Tony Tan Caktiong at No. 2,259 with $1.2 billion, and Iñigo Zobel at No. 2,540 with $1 billion. It added that, “Nearly half the list is poorer than a year ago, including Elon Musk, who falls from No. 1 to No. 2 after his pricey acquisition of Twitter helped sink Tesla shares. Bernard Arnault, head of luxury goods giant LVMH, takes his place as the world’s richest person, marking the first time a citizen of France leads the ranking.”
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