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Monday, 5 January 2009

TOP 40 RICHES MAN IN THE PHILIPPINES

1. Henry Sy - $4.0 billion- He owns SM group with 27 shopping malls in the Philippines and several others in China .
He also owns Banco de Oro Universal Bank and has substantial shares in China Banking Corp. and Equitable PCI Bank. He also owns Highlands Prime Holdings, a high-end property developer.

2. Lucio Tan - $2.3 billion - He owns Philippine Airlines, the country's flag carrier.
His business interests include tobacco (Fortune Tobacco Corp.),
beer and liquor (Asia Brewery Inc. and Tanduay Holdings Inc.), and banking (Philippine National Bank and Allied Banking Corp).

3. Jaime Zobel de Ayala - $2.0 billion- He is the patriarch of Ayala Corp., the Philippines' oldest conglomerate, whose business interests include real estate and hotels (Ayala Land Inc.),
financial services (Bank of the Philippine Islands),
telecommunications (Globe Telecom Inc.),
water infrastructure (Manila Water Co. Inc.),
electronics and information technology (Integrated Microelectronics Inc. and Azalea Technology Investments Inc.) and automotive (Honda Cars Makati Inc. and Isuzu Automotive Dealership Inc.).

4. Eduardo Cojuangco - $840 million - He is the chairman of San Miguel Corporation, the largest food and Beverage Corporation in the Philippines .

5. George Ty - $830 million- He founded Metropolitan Bank and Trust, currently the largest bank in terms of Assets and Capital in the Philippines . He also has stakes in the Bank of the Philippine Islands and Philippine Savings Bank, a Metro bank subsidiary.

6. John Gokongwei - $700 million- He is the chairman of JG Summit holdings, whose subsidiaries include Cebu Pacific Air, Digital Telecommunications Philippines Inc., First Private Power Corp., JG Summit Petrochemical Corp., Litton Mills Inc., Robinsons Land Corp., Robinsons Savings Bank, Sun Cellular, United Industrial Corp. and URC .

7. Tony Tan Caktiong - $575 million - He is the founder and current Chairman and CEO of Philippine fast food chain Jollibee , ChowKing, and Delifrance

8. Andrew Tan - $480 million - He is the Mega world president .

9. Emilio Yap - $350 million - He is the owner of Manila Hotel, newspaper owner, Manila Bulletin, a national newspaper .

10. Oscar Lopez - $315 million - - He is the chairman and CEO of Benpres Holdings Corp., the holding company of the Lopez group. - Meralco, ABS - CBN , Maynilad Water

11. Enrique Razon Jr. - $285 million- He is the chairman and chief executive officer, International Container Terminal Services Inc; publishing magnate .

12. Andrew Gotianun - $280 million - He is the chairman and CEO of East west Bank .

13. Enrique Aboitiz - $275 million - He is the WG&A president and chief executive officer.

14. Alfonso Yuchengco - $225 million - He is the chairman of Yuchengco Group of Companies. o Great Pacific Life Assurance Corporation (GREPALIFE) oLifetime Plans, Inc. o Bankard, Inc. o Pan Malayan Management and Investment Corporation o Pan Malayan Travel and Tours o Pan Pacific Computer Center, Inc. o YGC Corporate Services, Inc. o Rizal Commercial Banking Corporation (RCBC) o RCBC Savings Bank o House of Investments o Malayan Insurance Company, Inc. o The First Nationwide Assurance Corporation o Malayan Reinsurance Corporation o Malayan Zurich Insurance Company, Inc. o Tokio Marine Malayan Insurance Co. Inc. o EEI Corporation o Nippon Life Philippines o AY Foundation o Honda Cars Quezon City o Honda Cars Manila o Mapua Institute of Technology o Manila Memorial Park o First Malayan Leasing and Finance Corp.

15. Menardo Jimenez - $210 million - He is the head for wireless consumer division of Smart Communications.

16. Gilberto Duavit Jr. - $210 million - He is the Executive Vice President and COO of GMA 7.

17. Ramon Del Rosario - $205 million - He is the president of Philippine Investment Management (PHINMA), Inc.

18. Felipe Gozon - $180 million - He is the president of GMA-7.

19. Beatrice Campos - $160 million - She is the widow of United Laboratories founder Jose Campos.

20. Luis J. L. Virata - $150 million- He is the UEM-MARA Philippines Corporation president .

21. David M. Consunji - $145 million- He is the founder of DM Consunji Construction.

22. Bienvenido Tantoco Sr. $140 million - He is the chairman of Rustan's Commercial Corporation.

23. Betty Ang - $115 million - President of Monde Nissin, maker of instant noodles, biscuits and snack food

24. Manuel Villar - $110 million- Senate President of the Philippines and a real estate businessman who developed Camella, Palmera, Crown Asia , Serendra, etc.

25. Mariano Tan - $100 million -

26. Rolando and Rosalinda Hortaleza - $90 million - Splash Corporation (HBC/Hortaleza)

27. Oscar Hilado - $85 million - He is the chairman of the Phinma group, the Philippines ' biggest cement maker.

28. Vivian Que Azcona - $80 million- She is the president of Mercury Drug with over 500 outlets.

29. Manuel Zamora - $75 million - PHILEX Mining Corporation

30. Magdaleno Albarracin - $73 million- Vice Chairman of Phinma Group

31. Jesus Tambunting - $70 million- He is the Chairman & CEO of Planters Development Bank (PDB).

32. Frederick Dy - $65 million - He is the Security Bank president.

33. Tomas Alcantara - $60 million - He is a former Trade Secretary

34. Lourdes Montinola - $50 million- FEU Chairperson.

35. Salvador Zamorra - $45 million- He is the Hinatuan Mining president.

36. Mac & Daisy Potente - $45 million - Successful entrepreneur, own the town of Salinas in Cavite .

37 . Antonio Roxas - $40 million - Director and President of Roxas & Company Inc.; Chairman & Chief Executive Officer of Roxas Holdings Inc.; Executive Chairman of Central Azucarera Don Pedro (CADP) Group Corp.; Director & President of Roxas & Company Inc., Fundacion Santiago; Chairman of Philippine Sugar Millers Association, Club Punta Fuego Inc., Fuego Land Corp., Jade Orient Sugar Corp.; Director of Batangas Assets Corp., Banco De Oro Private Bank, Philippine Long Distance Telephone Company (PLDT), Hawaiian Philippine Sugar Co.; Trustee of Philippine Business for the Environment, Philippine Business for Social Progress; President of Roxas - Gargollo Foundation.

38. Wilfred Steven Uytengsu Sr. - $38 million- Alaska Milk Corporation

39. Philip T. Ang - $35 million -168 Mall partner.

40. Marixi Prieto - $30 million - Philippine Daily Inquirer chairman , Inq.7

41. Manuel Pangilinan - $25 million - Chief Executive First Pacific Holdings HK,PLDT chairman, Smart, Makati Med OTHERS WHO SHOULD HAVE MADE IT

Sugar baron Jose Mari Chan, runs a large sugar empire in Negros Oriental and Iloilo provinces in the Visayas. Mr. Chan, who is also a noted song composer, inherited the business empire from his father, Antonio, who immigrated to the Philippines from China when he was 14 years old. The Chans, who are among the country's biggest sugar traders, own Central Azucarera de San Antonio (Casa), which operates a sugar mill in Iloilo and a refinery in Negros Occidental. Casa is investing P1.2 billion in a biomass co-generation plant capable of generating 14 megawatts of electricity and is putting up a state-of-the- art P1.6-billion sugar refinery in Negros Occidental.
The Chans also own Hyatt Regency Hotel.

Bookstore magnate Alfredo Ramos, one of the successful entrepreneurs in the Philippines , is qualified to join Forbes' list. He is chairman and president of Atlas Mining and his family owns National Bookstore, the biggest bookstore chain in the Philippines . Mr. Ramos owned the defunct Daily Globe broadsheet.

Ambassador to Laos Antonio "Tony" Cabangon Chua's worth is certainly more than P2 billion. Cabangon-Chua, founder and chairman emeritus of the Fortune Group of Companies and publisher of Philippine Graphic magazine, owns the fledgling Business Mirror and operates popular hotel and motel chains in the country.

Antonio "Tonyboy" Cojuangco will also easily qualify to the Forbes' list. Tonyboy reinvested his "windfall" in Philippine Long Distance Telephone Co. and Piltel after acquiring medium-sized Bank of Commerce and Associated Broadcasting Co., which operates ABC-5. Tonyboy also owns Dream Cable and has joined the call center business.

Corazon D. Ong, another successful entrepreneur, steadily built CDO Foodsphere to become the second-biggest meat processing company in the country after San Miguel's Purefoods.

Former Trade and Industry Minister Roberto "Bobby" Ongpin could probably be among the 10 wealthiest Filipinos in the Philippines today. Bobby earns lucrative fees and commissions as an investment banker. He was one of the senior advisers of Asian billionaire Robert Kuok, who owns the Shangri-La hotel chain. Ongpin, whose family partly owns SGV auditing company, is now heavily investing in the local IT sector with investments in Eastern Telecoms, ISM Communications and Philweb.

Richest Filipino Senator

Manuel Villar, a property magnate, was the richest Filipino senator while her wife Cynthia was the richest congresswoman in 2001. In their statement of assets and liabilities for 2001, the couple reported a net worth of P405 million.

All 24 senators were in fact millionaires, with six of them reporting a net worth over P100 million and 21 declaring net assets over P10 million.

The second richest senator was Ralph Recto who reported a net worth of P228 million.

Third wealthiest member of the Philippine Senate (12th Congress) was Ramon Magsaysay Jr. with a net worth of P113 million.

Teresa Aquino-Oreta with a net worth of P113 million;

Robert Jaworski, P111 million;

Loren Legarda-Leviste, P106 million;

Renato Cayetano, P87.514 million;

Ramon Revilla, P49 million;

John Osmeña, P45 million;

Sergio Osmeña III, P41 million;

Luisa "Loi" Ejercito, P34 million;

Vicente Sotto III, P29 million;

Noli de Castro, P25 million;

Rodolfo Biazon, P21 million;

Edgardo Angara, P21 million;

Panfilo Lacson, P21.6 million;

Francis Pangilinan, P16 million;

Aquilino Pimentel, P15 million;

Robert Barbers, P12 million;

Franklin Drilon, 11 million;

Joker Arroyo, P11 million.

Senator Juan Flavier, a former barrio doctor from Tondo, reported the lowest net worth of P2 million.

The other two senators who reported a net worth below P10 million were Blas Ople, with P7 million and

Gregorio Honasan, P7 million. (Andaya could not say whether the P11.445 billion in PDAF this year would be for all the 230 members of the House and the 23 senators, or how much each lawmaker would receive.Andaya said the amount would be a “funding source for projects” specified by the Department of Budget and Management, such as school buildings, electrification, water and irrigation systems, and livelihood programs.

Two years ago, the pork barrel allocations for each congressman and senator were slashed to P40 million from P70 million, and to P120 million from P200 million, respectively.The increase indicates that the individual allocations would be almost doubled.

Source: Philippine Daily Inquirer