Manny Villar richest among 15 Filipino billionaires – Forbes

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Vista Land Group chairman Manny Villar (FILE PHOTO)

Metro Manila (CNN Philippines, April 8) — Former senator and real estate tycoon Manny Villar emerged as the richest Filipino on Forbes' list for 2020.

The global magazine listed 15 Filipinos out of 2,095 billionaires in the world. This means each of them had a net worth of at least $1 billion, or about ₱50 billion, to their name.

Villar ranked 286th globally with a $5.6 billion (about ₱280 billion) fortune. He founded Vista Land & Lifescapes, a real estate conglomerate that started with building subdivisions, eventually venturing into condominiums, malls, convenience stores, coffee chains, and cemetery. The rest of his family is with the government: his wife is Senator Cynthia Villar, his son is Public Works Secretary Mark Villar, and his daughter Las Piñas Representative Camille Villar.

A far second is ports magnate Enrique Razon, Jr. at the 565th spot, with a $3.4 billion (about ₱170 billion) net worth. He runs the International Container Terminal Services, Inc., the biggest port yard operator in the country which also operates other cargo terminals abroad.

Siblings Hans ($2 billion or about ₱100 billion), Herbert ($2 billion or about ₱100 billion), Harley ($1.9 billion or about ₱96 billion), Henry Jr. ($1.9 billion or about ₱96 billion), Teresita Sy-Coson ($1.8 billion or ₱ 91 billion), and Elizabeth Sy ($1.6 billion or ₱80 billion) also made the list, having split among themselves the empire built by their father, the late SM malls founder Henry Sy, Sr.

The Sy siblings were earlier named as the richest in the country during Forbes' list back in September, sharing a total net worth of $17.2 billion. 

Alliance Global Group's Andrew Tan, who is also behind brands like Megaworld, Emperador, and the local McDonald's franchise, settled at the 1,135 rank globally with a $1.9 billion (about ₱96 billion) net worth.

Businessmen Roberto Ongpin, Lucio Tan, and Jollibee founder Tony Tan Caktiong and family all placed 1,267th, as they were all valued at $1.7 billion (about ₱86 billion).

San Miguel Corporation President and Chief Operating Officer Ramon Ang shared the 1,513rd spot with Prudential Guarantee's Roberto Coyiuto, Jr., each said to have $1.4 billion (about ₱71 billion) to their names.

San Miguel's Eduardo "Danding" Cojuangco took the 1,990 rank with $1 billion.

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Jeff Bezos, the man behind e-commerce giant Amazon, remained the world's richest with a $113-billion (about ₱5.7 trillion) empire, followed by Microsoft founder Bill Gates with $98 billion (about ₱4.9 trillion).

Bezos'ex-wife Mackenzie came in tenth this year with $36 billion, following a divorce settlement that gave her a fourth of Jeff's stake in Amazon.

Facebook creator Mark Zuckerberg came in fourth with $54 billion, while Google's Larry Page came in sixth with $50.9 billion. Jack Ma, the founder of online shopping firm Alibaba, placed eighth with $38.8 billion.