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Tuesday, June 25, 2024

Housing magnate Manny Villar in Forbes Top 200 billionaires

BY JOEL C. ESCOL, Managing Editor

In Manila, Philippines, real estate magnate Manuel Villar, who chairs the property developer Vista Land & Lifescapes, stands out as the lone Filipino included in Forbes Magazine’s prestigious top 200 billionaires for 2024.

Villar ascended to the 190th spot on this year’s list, a notable climb from his 232nd position in 2023, with his wealth surging by 28 percent to reach $11 billion.

Meanwhile, the Sy siblings, known for their ventures in banking, property, and retail under the conglomerate SM Group, collectively possess a wealth of $14 billion. However, they were individually ranked in the list:

Hans Sy secured the 1,286th spot with a net worth of $2.6 billion.
Henry Jr. and Herbert claimed the 1,330th position, each with $2.5 billion.
Harley landed at the 1,380th spot, boasting a wealth of $2.4 billion.
Teresita Sy-Coson was positioned at 1,438th, possessing $2.3 billion.
Elizabeth rounded out the list at 1,545th, with a wealth of $2.1 billion.
Following Villar is ports magnate Enrique Razon Jr., who ranked 224th, witnessing his net worth escalate to $10 billion in 2024 from $7.3 billion.

Ramon Ang, leading the food and beverage conglomerate San Miguel Corp., secured the 920th spot with a wealth of $3.5 billion, marking an increase from $3.4 billion.

Other notable figures on the list include Lucio Tan ($2.5 billion), Andrew Tan ($2 billion), Tony Tan Caktiong ($1.4 billion), Lucio and Susan Co (combined wealth of $2.3 billion), Lance Gokongwei ($1.1 billion), and William Belo ($1 billion).

The combined wealth of the country’s wealthiest tycoons amounts to $48.2 billion, with their businesses reaping the benefits of post-pandemic recovery.

Forbes reports a total of 2,781 billionaires globally, marking an increase of 141 from the previous year, as their fortunes continued to expand despite geopolitical tensions and persistent inflation concerns.

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