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Grandpas rule Forbes richest list in Philippines

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ABS-CBN News

<p>MANILA -- Many Filipino billionaires at the top of Forbes Magazine&#x27;s richest list are, not surprisingly, grandfathers, with some of the third generation looking to emulate their grandparents&#x27; success.</p><p><a href="http://news.abs-cbn.com/business/06/26/18/meet-henry-sys-bachelor-grandson-whos-building-his-own-sm"><strong>Howard Sy</strong></a>, the 29-year-old grandson of shopping mall tycoon Henry Sy, is striking out on his own with a storage business that is named after the patriarch&#x27;s shoe store.</p><p>Former Senate president and real estate tycoon Manuel Villar, who zoomed to second on the list due to the success of his memorial park business, gushed about the &quot;inexplicable joy&quot; of being a first time grandparent in his newspaper column.</p><p>Villar said he hoped studies saying that grandparents who look after their grandchildren add up to 5 years to their lives were true.</p><p>Here are the Filipino billionaire grandfathers on Forbes Magazine&#x27;s richest list for 2018:</p><div class="media-content"><div class="slider-for"><div><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/09/09/20180909_forbes1.jpg"/></div><div><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/09/09/20180909_forbes2.jpg"/></div><div><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/09/09/20180909_forbes3.jpg"/></div><div><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/09/09/20180909_forbes4.jpg"/></div><div><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/09/09/20180909_forbes5.jpg"/></div><div><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/09/09/20180909_forbes6.jpg"/></div><div><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/09/09/20180909_forbes7.jpg"/></div></div><div class="slider-desc"><div class="item-desc"><h1>Henry Sy Sr ($18.3 billion)</h1><p>Founder of SM Group of Companies, Chairman emeritus of SM Investments. Age: 93</p></div><div class="item-desc"><h1>Manny Villar ($5 billion)</h1><p>Founder and Chairman of Vista Land and Lifescapes. Age: 68</p></div><div class="item-desc"><h1>John Gokongwei Jr ($4.4 billion)</h1><p>Founder of JG Summit, Universal Robina Corporation, Robinsons Retail. Age: 92</p></div><div class="item-desc"><h1>Jaime Zobel de Ayala ($4 billion)</h1><p>Retired Chairman of the Ayala Group. Age: 84</p></div><div class="item-desc"><h1>Lucio Tan ($3.8 billion)</h1><p>Founder and Chairman of the LT Group, Founder of Asia Brewery. Age: 84</p></div><div class="item-desc"><h1>Ramon Ang ($2.85 billion)</h1><p>President and Vice Chairman of San Miguel Corp. Age: 64</p></div><div class="item-desc"><h1>Andrew Tan ($2.6 billion)</h1><p>Chairman of Alliance Global which owns McDonalds in the Philippines, Emperador Brandy, and Megaworld. Age: 66</p></div></div></div>

<p>Many Filipino billionaires at the top of Forbes Magazine's richest list are, not surprisingly, grandfathers, with some of the third generation looking to emulate their grandparents' success.</p>

Many Filipino billionaires at the top of Forbes Magazine's richest list are, not surprisingly, grandfathers, with some of the third generation looking to emulate their grandparents' success.