3 days ago
Philippines' 50 richest now worth $86 billion
The combined wealth of the Philippines' 50 richest grew by over 6% to $86 billion in the past year, with the Sy siblings, who control retail and property giant SM Group, remaining the country's wealthiest family, based on Forbes Asia's latest Philippines' 50 Richest List.
Despite a $1.2 billion drop in their wealth, the biggest drop in wealth in dollar terms, the heirs to the SM group retained the top spot. The holding firm for the company's businesses, SM Investments Corp., posted a 7% increase in its consolidated net income to P82.6 billion in 2024.
It reported 6% growth in its first-half net income to P42.6 billion this year, as consolidated revenues increased by 6% to P319.2 billion.
Ports and casino magnate Enrique Razon Jr. remained at the second spot, growing his net worth to $11.5 billion. International Container Terminal Services Inc. (ICTSI), which he leads, posted a 66% increase in its net income for 2024 to $849.80 million.
Property tycoon Manuel Villar also retained his spot at third with a net worth of $11 billion, following the transformation of mass housing and memorial park developer Golden MV holdings into Villar Land Holdings, the builder of the 3,500-hectare mixed-use development Villar City.
Ramon Ang came in at fourth with $3.75 billion, followed by Isido Consunji and his siblings, who lead DMCI Holdings, with a net worth of $3.7 billion.
Converge ICT Solutions Inc. leaders Dennis Anthony and his wife Maria Grace Uy saw the biggest gain in percentage terms.
Below is the full list of the Philippines' 50 Richest for 2025:
Forbes Asia said net worths were based on stock prices and exchange rates as of the close of markets on July 18, 2025, with data compiled using shareholding and financial information from families and individuals, stock exchanges, analysts, and other sources.
The list was compiled using shareholding and financial information from the families and individuals, stock exchanges, analysts, and other sources.
