Mang Inasal's Sia is youngest in top PH billionaires; Sy family still richest

Architect-turned-entrepreneur Edgar Sia, the businessman behind now-popular Mang Inasal, is Philippines' youngest in the list of top billionaires, according to the latest in Forbes' "The Philippines 40 richest."

The 35-year-old Sia, whose net worth grew to $140 million (P5.8 billion) after Mang Inasal was acquired by huge fast-food chain Jollibee, is at the list's 40th place.

Business tycoon Henry Sy and his family meanwhile are still the richest in the Philippines, topping the Forbes list of Philippine billionaires with a net worth of $9.1 billion or some P385 billion.

The Sys control SM Prime, the largest mall developer in the Philippines, with Henry Sy Jr.'s stake in the National Grid Corporation of the Philippines adding to the family's fortune, Forbes said. The Sys are 116th in a list of the world's billionaires topped by Mexican telecoms magnate Carlos Slim, who has $69 billion.

According to the Forbes Philippines' 40 Richest list, the Sys have more than double the wealth of Lucio Tan and his family, who were at second place. The Tans have a net worth of $4.5 billion from diversified interests including cigarette giant Philip Morris-Fortune Tobacco.

Enrique Razon Jr., president of International Container Services Inc., placed third with $3.6 billion from both local and international port operations. John Gokongwei Jr. and family are in fourth place with $3.2 billion followed by David Consunji and family with $2.7 billion.

Andrew Tan is sixth with $2.3 billion, with Jaime Zobel de Ayala and family slightly behind at $2.2 billion. Metrobank founder George Ty and his family are worth $1.7 billion, followed by Robert Ongpin with $1.5 billion mostly from mining, Forbes said.

Eduardo Cojuangco Jr., chairman of San Miguel Corp and uncle to President Benigno Aquino III , is at tenth place with $1.4 billion.

Here are other people who made it to the Philippines' richest 40:

11. National Grid's  Robert Coyiuto, Jr.
12. Jollibee owners Tony Tan Caktiong & family
13. Lucio and Susan Co (Source of Wealth: Retailing, Self-made)
14. Inigo & Mercedes Zobel (Source of Wealth: Diversified)
15. Manila Bulletin's Emilio Yap (Source of Wealth: Diversified)
16. Shipping magnates Jon Ramon Aboitiz & family (Source of Wealth: Diversified)
17. Andrew Gotianun & family (Source of Wealth: Real estate)
18. Camella group's Manuel Villar (Source of Wealth: Real estate)
18. Unilab's Beatrice Campos & family (Source of Wealth: Pharma)
20. Mercury Drug's Vivian Que Azcona & family (Source of Wealth: Retail)

21. Rizal Commercial Bank's Alfonso Yuchengco & family
22. Unilab's Mariano Tan, Jr.
23. Abotiz's Enrique Aboitiz & family
24. Alphaland's Eric Recto
25. Century Properties' Jose Antonio
26. GMA Network's Gilberto Duavit & family
27. GMA Network's Menardo Jimenez
28. Security Bank's Frederick Dy
29. Nickel Asia's Manuel Zamora
30. Atlas Consolidated Mining & Development's Alfredo Ramos & family

31. Lopez Holdings' Oscar Lopez & family
32. GMA Network's Felipe Gozon & family
33. Monde Nissin's Betty Ang
34. Alaska's Wilfred Steven Uytengsu, Jr. & family
35. Banco de Oro's Juliette Romualdez
36. Rustans' Bienvenido Tantoco, Sr. & family
37. Rebisco's Jacinto Ng
38. Alsons Consolidated Resources' Tomas Alcantara & family
39. Megawide Construction's Michael Cosiquien
40. Mang Inasal's Edgar Sia

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • N. Korea fires missiles in anger at South-US military drills
    N. Korea fires missiles in anger at South-US military drills

    North Korea fired two short-range ballistic missiles into the sea and vowed "merciless" retaliation Monday as the US and South Korea kicked off joint military drills denounced by Pyongyang as recklessly confrontational. The annual exercises always trigger a surge in military tensions and warlike rhetoric on the divided peninsula, and analysts saw the North's missile tests as a prelude to a concerted campaign of sabre-rattling. "If there is a particularly sharp escalation, we could see the …

  • Couple married 67 years holds hands in final hours together
    Couple married 67 years holds hands in final hours together

    FRESNO, Calif. (AP) — After spending 67 years together as devoted husband and wife, there was no question how Floyd and Violet Hartwig would end their lives — together. …

  • Hijacked Indonesian vessel found in Davao
    Hijacked Indonesian vessel found in Davao

    An Indonesian cargo vessel that was hijacked a month ago in North Sulawesi, Indonesia has been found stuck in the waters off Mati, Davao Oriental, the Philippine Coast Guard (PCG) reported yesterday. PCG spokesperson Armand Balilo said the PCG- Southeastern Mindanao district was informed on Feb. 23 that the M/T Rehoboth was found aground off Barangay Cabuaya. Four personnel from the local PCG district office were sent to verify the report. The vessel was reportedly hijacked by …

  • Military steps up offensive vs BIFF, Abu Sayyaf
    Military steps up offensive vs BIFF, Abu Sayyaf

    Armed Forces of the Philippines (AFP) chief Gen. Gregorio Pio Catapang Jr. has ordered the sustained campaign against the Abu Sayyaf and the Bangsamoro Islamic Freedom Fighters (BIFF) following the successive offensives against the armed groups last week. A total of 24 Abu Sayyaf bandits and two soldiers were killed in recent clashes in Sulu last week. The Joint Task Group Sulu has received information that Abu Sayyaf leader Radulan Sahiron was wounded during one of the encounters but this is …

  • 'Jihadi John' relatives under watch in Kuwait
    'Jihadi John' relatives under watch in Kuwait

    Kuwaiti authorities are closely monitoring several relatives of "Jihadi John" who live and work in the Gulf emirate where the Islamic State executioner was born, press reports said on Sunday. A number of relatives of Mohammed Emwazi, named as the militant who has beheaded at least five Western hostages, are working in Kuwait and like him hold British citizenship, Al-Qabas newspaper reported. "Security agencies have taken the necessary measures to monitor them round the clock," the paper said, …

  • Militants want US Marines pulled out of Negros
    Militants want US Marines pulled out of Negros

    The militant group Bagong Alyansang Makabayan (Bayan) is calling for the pullout of US Marines who arrived in Sagay City, Negros Occidental last Wednesday to train Special Action Force (SAF) commandos and members of the allied forces. The SAF commandos and the allied forces will secure the Asia-Pacific Economic Cooperation (APEC) ministerial meeting in this city. Bayan-Negros secretary general Christian Tuayon said the US troops might violate the human rights of activists, especially those …

  • Binay backs house arrest for JPE, GMA
    Binay backs house arrest for JPE, GMA

    Vice President Jejomar Binay yesterday supported proposals to put Sen. Juan Ponce Enrile and former President now Pampanga Rep. Gloria Macapagal- Arroyo under house arrest. “Government prosecutors are opposing house arrest for… Enrile. Binay issued the statement after the 91-year-old Enrile was rushed to the Makati Medical Center on Thursday due to pneumonia. House arrest for him would be the compassionate thing to do,” he added. …

  • Interview: Australia says hunt for missing MH370 jet may be called off soon
    Interview: Australia says hunt for missing MH370 jet may be called off soon

    By Matt Siegel CANBERRA (Reuters) - The search for missing Malaysia Airlines Flight MH370 cannot go on forever, Australia's deputy prime minister said, and discussions are already under way between Australia, China and Malaysia as to whether to call off the hunt within weeks. No trace has been found of the Boeing 777 aircraft, which disappeared a year ago this week carrying 239 passengers and crew, in what has become one of the greatest mysteries in aviation history. The search of a rugged …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options