Names Top 10 Richest Filipinos For 2013

Names Top 10 Richest Filipinos For 2013

Henry Sy Sr., founder of SM Malls in the Philippines, is the richest Filipino in 2013 according to Forbes Magazine. His net worth increased by nearly $3 billion to a total of $12 billion, as shares of his company SM Investments Corp. reported record profits of over $570 million last year.

Sy, who is half-Chinese, half-Filipino has been #1 on the list for the last 6 years. #2 on the list is Lucio Tan, whose net worth was estimated at about $7.5 billion. His company, LT Group Inc., handles Asia Brewery Inc., maker of popular Beer na Beer, and has a stake in Philip Morris Fortune Tobacco Corp. Inc., which has an estimated 80 percent market share of the country's cigarette market.

In third place with a net worth of $4.6 billion is Andrew Tan, chairman of Alliance Global Group Inc, which runs Megaworld Corporation - one of the country's largest developers. Fourth is port terminal operator Enrique Razon ($4.5 billion); and in fifth place, John Gokongwei ($3.4 billion), who is the owner of Cebu Pacific Airlines.

Ranked sixth to tenth are Jaime Zobel de Ayala ($3.1 billion), Aboitiz family ($3 billion), David Consunji ($2.7 billion), George Ty ($2.6 billion), and Lucio and Susan Co ($1.9 billion).