Menu Content/Inhalt

Sponsored Links

Poll for Pinoys

Your President in 2010?
 
Richest Filipinos in 2008 Print E-mail
Written by Pinoy Entrepreneur, on 17-10-2008

One of the recurring themes here in Pinoy Entrepreneurs, as mentioned before, is who made it big in business. Yesterday we looked at the US to see the 400 wealthiest Americans. Now, in addition to the 2008 world billionaire's list, the 5 inspiring OFW entrepreneurs, and the successful and inspiring Pinoy Entrepreneurs, let's see who are the wealthiest in the Philippines for 2008.

Looking back, Henry Sy was ranked No. 512 in the world's billionaires, with $2.6 Billion. Lucio Tan was No. 407, with $2.3 Billion. It's no surprise that they again land on top of the richest in the Philippines for 2008.

Forbes recently released "The Philippines 40 Richest" (cut-off is October 3, 2008). Henry Sy and family are No. 1 ($3.1 Billion), followed by Lucio Tan and family ($1.5 Billion). Mr. Sy controls the SM malls and Banco de Oro, the Philippines' second-largest bank, among other companies. Mr. Tan's empire includes Fortune Tobacco, the Philippines' largest cigarette maker, Philippine Airlines and Asia Brewery.

The other members of the Top Ten are: Jaime Zobel de Ayala & family ($1.2 Billion), Andrew Tan ($700 Million), Tony Tan Caktiong & family ($690 Million), John Gokongwei, Jr. & family ($680 Million), Eduardo Cojuangco, Jr. ($610 Million),  Enrique Razon, Jr. ($525 Million), George Ty & family ($435 Million), and Inigo and Mercedes Zobel ($430 Million).

Before you forget, those figures are in US dollars. Henry Sy's fortune, in Philippine pesos, is 145,700,000,000. Now, as mentioned before, who knows that years from now, your name will be included in that list? That may seem like an impossible dream,  as that "killer" song goes, but perhaps we should also consider that both Tan and Sy are described as "self-made". Years ago, both Tan and Sy started with the first step, from the bottom, and worked their way up the money ladder. When both started, perhaps others wouldn't have thought that Tan and Sy would be among the world's billionaires today. Same thing for any Pinoy Entrepreneurs.

Published in : Topics, Pinoy Entrepreneurs

Users' Comments (14)
Posted by Francoise Tibault, on 15-08-2009,
These are book value of their companies. So you don't pay taxes unless you sell them. Some ignorant racist among the commentators obviously does not understand high corporate finance.
 

Posted by sherwin gayo, on 10-05-2009,
it's always encouraging to read every year if who's among the richest in the country. it inspires us to kick more out from our gut. figures are almost impossible, but we can't deny because they are real FILIPINO people, who owns several products that we patronize daily. Kaya natin yan pinoy!
 

Posted by tmac, on 12-03-2009,
5 years from now ako na nasa top.. yahoo
 

Posted by fpm, on 20-02-2009,
I think in order for them to have got where they are they must be really astute business men, for that i have complete admiration and as many have said wow!!!!!!. Unfortunately greed is a major factor in this world so despite all their riches they still resist paying the proper taxes required of them by using dummy accounts and declaring untruthful figures. 
 
Simple fact is as business men they are worth looking up to, but as chinese filipinos they show no moral standard, to give back a little something to the country which helped in making them as rich as they are.
 

Posted by keren-keziah, on 17-02-2009,
grabe nkakatouch naman ang galing nilang magbusiness sana ako rin sa future! masasabi ko lang ang galing nyo!
 

Posted by Joshua, on 16-01-2009,
Wait for me... Next na ko jan sa list
 

Posted by churva, on 13-11-2008,
pls. share the blessings to the needy ones.
 

Posted by renzo, on 12-11-2008,
Are those wealth can save them to the lake of fire comes judgement day? There are millions of Filipino people also suffering from hunger, no food to eat due to product over pricing in the market of Henry Sy and Lucio Tan company.
 

Posted by gilmoregirl, on 29-10-2008,
well not everyone can be on that list.
 

Posted by ManiLABoY, on 22-10-2008,
145,700,000,000. -- One Hundred forty five billion seven hundred thousand. Its confirmed... not yet in the trillions mark
 

More comments...

Add your comment

 

Related posts:

Newer posts:

Older posts: