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Filipino-Chinese Businessmen Dominate Forbes' List of Richest Filipinos

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Filipino-Chinese,Businessmen,Forbes

Fourteen out of the 16 Filipino billionaires in Forbes' latest ranking have Chinese heritage, with some of them immigrating from China to establish business empires in the Philippines. Manuel Villar, a Tondo native, emerged as the richest Filipino with an estimated net worth of $11 billion. Villar and Enrique Razon Jr. are the only non-Chinoy billionaires in the list.

Filipino-Chinese businessmen dominate the list of the country’s richest based on Forbes magazine’s latest ranking of world billionaires. Fourteen of the 16 Filipino billionaires in the list have Chinese heritage, with some of them immigrating from China to establish business empires in the Philippines . Self-made property magnate Manuel Villar , a Tondo native, emerged as the richest Filipino and was ranked 190th in the list with estimated net worth of $11 billion.

Villar, chairman of Vista Land Lifescapes, was followed by port magnate and International Container Terminal Services Inc. chairman Enrique Razon Jr., who has Spanish heritage, with $10 billion in wealth.Villar and Razon are the only “non-Chinoy” Filipino billionaires in the latest Forbes ranking. San Miguel Corp. president and chief executive Ramon Ang came in third with a net worth of $3.5 billion this year. Ang was born in Manila to Chinese immigrants, but persevered to become one of the richest in the countr

Source: News Formal (newsformal.com)

Filipino-Chinese Businessmen Forbes Richest Billionaires Chinese Heritage Philippines Manuel Villar Enrique Razon Jr. Non-Chinoy

 

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