Henry Sy still the richest Filipino
According to Forbes Philippines
(SPOT.ph) Forbes Philippines' 50 Richest Filipinos List for 2015 was released on August 27 with retail and banking tycoon Henry Sy retaining his title as the wealthiest Filipino. Sy has held the title for eight consecutive years, and his net worth grew even bigger at an estimated U.S. $14 billion.
John Gokongwei Jr. of JG Summit (with interests in petrochemical and electric distribution) moved up three places to the second spot with a net worth of U.S. $5.5 billion.
From last year's second-place finish, Andrew Tan moved one spot lower with a U.S. $4.5 billion net worth. The 62-year-old owns the McDonald's franchise in the country, as well as malls, resorts, and casinos.
Tycoon Lucio Tan and port owner Enrique Razon complete the Top 5 with U.S. $4.3 billion and U.S. $4.1 billion net worth, respectively.
Other notable names that made it to the list are Jaime Zobel de Ayala (number eight), former senator Manny Villar (number 13), media mogul Oscar Lopez (number 17), San Miguel's Eduardo Cojuangco (number 23), and GMA 7 CEO Felipe Gozon (number 48).
The net wealth used in ranking was based on the stock prices and exchange rates on August 14.
Henry Sy photo from Forbes.com