Forbes: Manny Villar still Philippines' richest in 2021

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2021/business/04/06/20190307-makati-manny-villar-business-trade-makati-business-club-forum-teresita-sy-coson-jc-2936.jpg"/><figcaption>Manny Villar at the sidelines of the Makati Business Club Forum at the Makati, Shangri-La, on March 7, 2019. <em>Jonathan Cellona, ABS-CBN News/file</em></figcaption></figure></div><p>MANILA - Former Senate president and real estate mogul Manny Villar is still the richest person in the Philippines with a net worth of $7.2 billion or around P349.6 billion in 2021, Forbes said on Tuesday in its <a href="https://www.forbes.com/billionaires" target="_blank">35th annual ranking</a> of the world’s richest people.</p><p>Villar, who is also chairman of Vista Malls (formerly Starmalls), one of Philippines&#x27; largest mall operators, is ranked at 352 in Forbes’ list of billionaires worldwide.</p><p>This is more than 200 spots higher after he notched 565th place in 2020.</p><p>Ports magnate Enrique Razon followed the former senator again in the Philippines list with an estimated net worth of $5 billion or around P242.8 billion, ranking at 561 in Forbes&#x27; global list.</p><p>Tycoon Lucio Tan ranked third in the Philippines and 925th worldwide, with an estimated net worth of $3.3 billion or at least P160 billion.</p><p>The heirs of the late mall tycoon Henry Sy, Hans Sy and Herbert Sy, as well as real estate, liquor, and fast food taipan Andrew Tan followed next with a net worth of $3 billion each. The three billionaires ranked joint 1,008th in Forbes&#x27; list.</p><p>Three other billionaires from the Sy family took 1174th place, namely Harley Sy, Henry Sy Jr., and Teresita Sy-Coson, having a net worth of $2.7 billion each.</p><p>Elizabeth Sy, along with Tony Tan Caktiong, founder and chairman of the famed Jollibee Foods, took 1299th place with net worth of $2.4 billion each.</p><p>Ramon Ang, president, COO, and vice chairman of San Miguel Corp, took 1444th place with a net worth of $2.2 billion.</p><p>Meanwhile, Jeff Bezos, founder of e-commerce behemoth Amazon, still sat at the top of Forbes&#x27; list with a net worth of $177 billion, followed by Tesla and SpaceX&#x27;s Elon Musk with $151 billion.</p><p>In the world&#x27;s top 3 is Bernard Arnault of luxury goods company LVMH with $150 billion. </p><p>Forbes noted that the the number of billionaires on its latest annual list of the world’s richest &quot;exploded to an unprecedented 2,755--660 more than a year ago.&quot;</p><p>&quot;Of those, a record high 493 were new to the list--roughly one every 17 hours, including 210 from China and Hong Kong. Another 250 who’d fallen off in the past came roaring back. A staggering 86% are richer than a year ago,” Forbes said. </p><p>It noted that these billionaires are worth $13.1 trillion altogether, up from $8 trillion in 2020. </p><p>&quot;The US still has the most (billionaires), with 724, followed by China (including Hong Kong and Macao) with 698,&quot; it said.</p><div><strong>FROM THE ARCHIVES</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1655994" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>MANILA - Former Senate president and real estate mogul Manny Villar is still the richest person in the Philippines with a net worth of $7.2 billion or around P349.6 billion in 2021, Forbes said on Tuesday in its 35th annual ranking of the world’s richest people.</p>

MANILA - Former Senate president and real estate mogul Manny Villar is still the richest person in the Philippines with a net worth of $7.2 billion or around P349.6 billion in 2021, Forbes said on Tuesday in its 35th annual ranking of the world’s richest people.

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Forbes: Manny Villar still Philippines' richest in 2021

Forbes: Manny Villar still Philippines' richest in 2021

ABS-CBN News

Published Apr 06, 2021 11:32 PM PHT

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Updated Apr 19, 2021 09:28 AM PHT

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