Top 50 Richest people in the Philippines

Philippines - Who is the richest man in the Philippines?

Forbes magazine has released its list of top 50 richest people in the Philippines. On top for the sixth straight year is mall tycoon Henry Sy, with a $12 billion net worth - a $2.9 billion increase from a year ago.

Here's the Forbes list of the richest people with their estimated net worth:

1. Henry Sy (SM group) - $12 billion

2. Lucio Tan (LT group) - $7.5 billion

3. Andrew Tan (Megaworld) - $4.6 billion

4. Enrique Razon (ICTSI) - $4.5 billion

5. John Gokongwei Jr. (JG Summit) - $3.4 billion

6. Jaime Zobel de Ayala (Ayala Corp.) - $3.1 billion

7. Aboitiz family (AEV) - $3 billion

8. David Consunji (DMCI) - $2.7 billion

9. George Ty (Metrobank) - $2.6 billion

10. Lucio & Susan Co (Puregold) - $1.9 billion

11. Tony Tan Caktiong (Jollibee) - $1.7 billion

12. Robert Coyiuto Jr. - $1.5 billion

13. Emilio Yap (Philtrust Bank) - $1.35 billion

14. Roberto Ongpin - $1.3 billion

15. Inigo & Mercedes Zobel - $1.2 billion

16. Manuel Villar (Vista Land) $1.05 billion

17. Andrew Gotianun (Filinvest) $1 billion

18. Beatrice Campos (Unilab) $900 million

19. Vivian Que Azcona (Mercury Drug) $840 million

20. Eduardo Cojuangco Jr. (San Miguel) $825 million

21. Alfonso Yuchengco - (Yuchengco group) $705 million

22. Oscar Lopez (Lopez Holdings) $675 million

23. Betty Ang (Monde Nissin) $600 million

24. Jorge Araneta (Araneta group) $505 million

25. Carlos Chan (Liwayway) $500 million

26. Michael Romero (Global Port 900) $490 million

27. Eric Recto $485 million

28. Mariano Tan Jr. (Unilab) $435 million

29. Frederick Dy (Security Bank) $290 million

30. Walter Brown (Atok-Big Wedge) $270 million

31. Ramon Ang (San Miguel) $260 million

32. Jose Antonio (Century Properties) $255 million

33. Wilfred Uytengsu Jr. $250 million

34. Manuel Zamora Jr. (Nickel Asia) $240 million

35. Jacinto Ng Sr. (Asia United Bank) $230 million

36. Alfredo Ramos (National Book Store) $225 million

37. Gilberto Duavit (GMA Network) $224 million

38. Menardo Jimenez (GMA Network) $223 million

39. Edgar Sia II (Mang Inasal founder) $210 million

40. Bienvenido Tantoco Sr. (Rustan's) $205 million

41. Felipe Gozon (GMA) $200 million

42. Alfredo Yao (Zest-O) $180 million

43. Michael Cosiquien (Megawide Construction) $175 million

44. Edgar Saavedra (Megawide Construction) $170 million

45. Juliette Romualdez (Benguet Mining) $165 million

46. Tomas Alcantara (Alsons Consolidated) $160 million

47. Lourdes Montinola (FEU) $155 million

48. Luis Virata (Nickel Asia) $120 million

49. Philip Ang (Nickel Asia) $115 million

50. Manuel Pangilinan (PLDT, First Pacific) $105 million

SOURCE