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Top 40 Richest People In The Philippines 2012

The soaring remittance-driven economy has significantly increased the wealth of Philippines’ richest people by $13 billion to $47.4 in 2011-2012. According to Forbes, it has outperformed many of its neighboring countries in Asia. The Philippines now has total of 15 billionaires from 11 as of last year due to outsourcing, tourism, ongoing consumer boom, 17% increase in stock market plus the 6.4% economic growth during the last quarter.

Henry Sy is still the richest person in the country with a total net worth of $9.1 billion which increased by 1.9 billion last year according to Forbes magazine. Enrique Razon Jr. is this year’s highest gainer in the Philippines. His wealth increased by $2 billion to $3.6 billion making him the third richest person in the country.

Here's the Top 40 Richest People in the Philippines as of 2012:

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20 No. 1 Henry Sy & family

Net Worth:

$9.1 Billion - As of June 2012Source of Wealth: Diversified

19 No. 2 Lucio Tan & family

Net Worth:

$4.5 Billion - As of June 2012Source of Wealth: Diversified

18 No. 3 Enrique Razon, Jr.

Net Worth:

$3.6 Billion - As of June 2012Source of Wealth: Port

17 No. 4 John Gokongwei, Jr. & family

Net Worth:

$3.2  Billion - As of June 2012Source of Wealth: Diversified

16 No. 5 David Consunji & family

Net Worth:

$2.7 Billion - As of June 2012Source of Wealth: Construction

15 No. 6 Andrew Tan

Net Worth:

$2.3 Billion - As of June 2012Source of Wealth: Diversified

14 No. 7 Jaime Zobel de Ayala & family

Net Worth:

$2.2 Billion - As of June 2012Source of Wealth: Diversified

13 No. 8 George Ty & family

Net Worth:

$1.7 Billion - As of June 2012Source of Wealth: Banking

12 No. 9 Roberto Ongpin

Net Worth:

$1.5 Billion - As of June 2012Source of Wealth: Diversified

11 No. 10 Eduardo Cojuangco

Net Worth:

$1.4 Billion - As of June 2012Source of Wealth: Food & Drinks

10 No. 11 Robert Coyiuto, Jr.

Net Worth:

$1.3 Billion - As of June 2012Source of Wealth: Power

9 No. 12 Tony Tan Caktiong & family

Net Worth: $1.25 Billion - As of June 2012Source of Wealth: Fast food

8 No. 13 Lucio and Susan Co

Net Worth:

$1.2 Billion - As of June 2012Source of Wealth: Retail

7 No. 14 Inigo & Mercedes Zobel

Net Worth:

$1.15 Billion - As of June 2012Source of Wealth: Diversified

6 No. 15 Emilio Yap

Net Worth:

$1.1 Billion - As of June 2012Source of Wealth: Diversified

5 No. 16 Jon Ramon Aboitiz & family

Net Worth:

$955 Million - As of June 2012Source of Wealth: Diversified

4 No. 17 Andrew Gotianun & family

Net Worth:

$825 Million - As of June 2012Source of Wealth: Real estate

3 No. 18 Manuel Villar

Net Worth:

$720 Million - As of June 2012Source of Wealth: Real Estate

2 No. 19 Beatrice Campos & family

Net Worth:

$720 Million - As of June 2012Source of Wealth: Pharma

1 No. 20 Vivian Que Azcona & family

Net Worth:

$690 Million - As of June 2012Source of Wealth: Retail

[See full list on Forbes.com]

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