Joanna Marie O. Santos
June 29, 2023

The much-awaited Forbes World’s Billionaires List has released an updated version for the year 2023. Providing an overview of the accumulated amount of wealth of the world’s richest, Forbes World’s Billionaires List includes 14 of the world’s wealthiest Filipinos whose financial sources have a diversified range coming from various industries like food and beverages, logistics, and real estate. In this article, we will enumerate the outstanding 14 Filipino billionaires who were included in the prestigious Forbes World’s Billionaire List of 2023, and their updated net worth as of writing.

2540th World Billionaire - Iñigo Zobel $1 B

A member of the Zobel-Ayala family, Iñigo made it to the very last spot of the Forbes World’s Billionaire List with his $1 B net worth as of April 4, 2023. He is the director of San Miguel Corporation and president of the Enrique Zobel Foundation. 

 

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In Forbes’ real-time report of Iñigo’s net worth, his accumulated wealth is down by down by 1.83%, costing him $18 million and leaving him with $987.8M as of writing.

2259th Tony Tan Caktiong $1.2 B

The founder and chairman of Jollibee foods corporation, Tony Tan Caktiong is the world’s 2259th richest person. With more than 3,200 local restaurant chains and 2,700 international locations, Caktiong is also a stake owner of DoubleDragon Corporation. 

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As of writing, Caktiong’s net worth has increased by 0.16% and upped his worth by $2 million. 

2020th Lance Gokongwei $1.4 B

Son of John Gokongwei Jr. who founded JG Summit, Lance Gokongwei now serves as the conglomerate’s chief executive. Gokongwei also is a stakeholder in Robinson’s Retail. 

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As of June 2023, Gokongwei’s net worth has increased by 1.11%, adding $14M to his current net worth and driving his entire fortune to $1.3B.

1575th  Elizabeth Sy $1.9 B

As the second child of the late founder of SM Herny Sy, Elizabeth Sy now serves as the advisor for SM investments, as well as the chairperson and president of SM Hotels and Conventions.

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As of writing, Sy’s wealth was raised by 1.05%, upping her accumulated net worth to $2B.

1368th Teresita Sy-Coson $2.2 B

The oldest daughter of the late retail tycoon Henry Sy, Teresita Sy-Coson is the vice chairman of SM Investments and the chairperson of BDO Unibank. 

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As of June 2023, Sy-Coson’s net worth gained an additional $22M.

1368th Harley Sy $2.2 B

One of the executive directors serving SM Investments, Harley Sy is a sibling to Teresita and Elizabeth Sy. He also works as a co-vice chairman of SM Retail.

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As of writing, Harley Sy’s net worth was raised by 0.82%, raising his entire accumulated worth to $2.3 B.

1272nd Herbert Sy $ 2.4 B

Works as an adviser to SM Investments, Herbert Sy is the second youngest child of the late Henry Sy. Sy also works as the director of SM Prime, which is the SM Group’s property developer. 

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As of June 2023, Herbert Sy’s net worth went up by 0.35%, pushing his entire fortune up by $9 million.

1272nd Hans Sy  $2.4 B

A member of the SM Group of Companies’ Sy family, Hans Sy is the then-president and now director of SM Prime. He also serves as the chairperson of China Banking Corporation and Philippines’ premier university, the National University. 

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As of June 2023, Sy’s net worth has increased by 0.22%, earning $5 million.

1217th Lucio Tan $2.5 B

Founder and chairman of LT Group, Lucio Tan clocks in as the world’s 1,272nd richest billionaire in the world. Lucio Tan also established the Asia Brewery, which also owns 50% of the international AB Heineken Philippines together with the Dutch Heineken International B.V.

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Tan’s net worth went down by 0.52% as of June 2023, losing $13 million.

1217th Andrew Tan $2.5 billion

Chairman of Alliance Global, Andrew Tan is named as the 1217th wealthiest person in the world. Tan, a son of a factory worker, worked his way up and earned his fortune by selling real estate.

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As of writing, Andrew Tan has grown his entire net worth by 0.32%, earning $8 million.

1217th Henry Sy, Jr.$2.5 billion

Co-vice chairman of SM Investments, Henry Sy, Jr. is the son of the late retail tycoon Henry Sy. 

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Henry Sy, Jr. increased his entire net worth by 0.09%, earning a total of $2 million.

852nd Ramon Ang $3.4 billion

Serving as the president and vice chairman of San Miguel, Ramon Ang is named as the top 852nd wealthiest person in the world, and the 3rd in the Philippines.

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As of writing, Ang’s net worth decreased by 1.1%, losing $48 million.

312th Enrique Razón Jr. $7.3 billion

The second richest person in the Philippines and the 312th in the world, Enrique Razón Jr. is the chairperson of  International Container Terminal Services (ICTSI). He also owns the Philippines’ Solaire Resort and Casino. 

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As of writing, Razon’s net worth decreased by 1.97% and lost of $148 million.

232nd Manny Villar $8.6 billion

As the richest person in the Philippines, Manny Villar is also hailed as the 232nd wealthiest person in the world. Manny Villar is a chairperson for Vista Land & Lifescapes and owns a stake in Golden MV Holdings. He also belongs to a family of politicians.

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Manny Villar’s wealth has been fluctuating recently, but there has been no drastic change in in net worth as reported by Forbes. As of writing, Villar’s net worth decreased by 0.01%, losing 

$0.93M. However, his wealth remains increasing as his net worth now is $9.3 billion from the last reported number of $ 8.6 B.

The Richest of The Rich

In a country with a slowly growing economy like the Philippines, a few wealthy Filipinos have become a staple in the global elite list, with a couple even rising from the ranks. Led by their entrepreneurial spirit and remarkable grasp of the world of business, these Filipino billionaires were able to amass a substantial amount of wealth definitely worthy of the world’s attention.