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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 n

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.

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

20 No. 1 Henry Sy & family

19 No. 2 Lucio Tan & family

18 No. 3 Enrique Razon, Jr.

17 No. 4 John Gokongwei, Jr. & family

16 No. 5 David Consunji & family

15 No. 6 Andrew Tan

14 No. 7 Jaime Zobel de Ayala & family

13 No. 8 George Ty & family

12 No. 9 Roberto Ongpin

11 No. 10 Eduardo Cojuangco

10 No. 11 Robert Coyiuto, Jr.

9 No. 12 Tony Tan Caktiong & family

8 No. 13 Lucio and Susan Co

7 No. 14 Inigo & Mercedes Zobel

6 No. 15 Emilio Yap

5 No. 16 Jon Ramon Aboitiz & family

4 No. 17 Andrew Gotianun & family

3 No. 18 Manuel Villar

2 No. 19 Beatrice Campos & family

1 No. 20 Vivian Que Azcona & family

[See full list on Forbes.com]

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Top 40 Richest People In The Philippines 2012