Wednesday, March 29, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Money

Henry Sy’s wealth hits $18b

Jenniffer B. AustriabyJenniffer B. Austria
August 24, 2017, 7:50 pm
in Money
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Tycoon Henry Sy emerged as the wealthiest person in the Philippines, with his net worth jumping to $18 billion this year from $13.7 billion in 2016, as the economy continued to expand under the Duterte administration, according to Forbes Asia magazine’s 2017 list of 50 richest Filipinos.

Forbes Asia said the total net worth of the 92 year-old founder of SM was three times higher than his closest runner-up John Gokongwei, 91, of JG Summit Holdings Inc., whose wealth shrank to $5.5 billion from $6.8 billion last year.

Enrique Razon Jr., the 57-year-old owner of port operator International Container Terminal Services Inc. and gaming firm Bloomberry Resorts Corp., placed third with a net worth of $4.3 billion, up from 2016’s $3.5 billion.

Henry Sy

Lucio Tan amassed $4.2 billion to place fourth, while Jaime Zobel de Ayala ranked fifth with $3.7 billion.

Rounding up the top 10 list of Philippines’ richest are David Consunji of DMCI Holdings with $3.68 billion, George Ty of Metrobank with $3.6 billion, Tony Tan Caktiong of Jollibee Foods Corp. with $3.4 billion, Andrew Tan of Alliance Global Group Inc. with $2.5 billion and Ramon Ang of San Miguel Corp. with $2.3 billion.

ADVERTISEMENT

Forbes Asia said seven of the 10 biggest dollar gainers had sizable interest in construction and property development to support the current administration’s thrust to improve infrastructure in the country.

The magazine said half of the 50 richest tycoons saw a reduction in their net worth because of volatile political conditions.

The net worth of businessman Alfredo Yao was reduced to $600 million as the share price of listed Macay Holdings dropped 26 percent on government’s plan to impose taxes on sugary drinks. 

Edgar Sia, who was last year’s biggest gainer, fell to 21st spot from 17th place last year as the stock price of DoubleDragon Properties Inc. declined.

Meanwhile, businessman Eusebio Tan debuted on Forbes Asia’s list this year, as the share price of STI Education surged over 140 percent over the past year.

Forbes Asia said the strong economic growth of the Philippines was expected to carry into next year and would help Filipino billionaires to continue their brisk businesses.

“Especially benefitting are those tied to an infrastructure push by the Rodrigo Duterte administration, a program that will create highways, bridges, and subway systems, to name a few by 2022,” Forbes said.

Tags: Forbes AsiaHenry SyNet worthPhilippinesWealth
ADVERTISEMENT
Jenniffer B. Austria

Jenniffer B. Austria

Related Posts

Marcos supports LandBank-DBP merger

byJulito G. Rada
March 28, 2023, 7:55 pm
0
8
New DOT secretary promotes inclusive and sustainable tourism

President Ferdinand Marcos Jr. supports the merger of state-run Development Bank of the Philippines and Land Bank of the Philippines,...

Read more

UnionBank named best retail bank in PH for fourth year

byJulito G. Rada
March 28, 2023, 7:25 pm
0
8
UnionBank eyes P40-billion stock rights offering to buy local Citi unit

Union Bank of the Philippines was named as the best retail bank in the country for the fourth time in...

Read more

Asian United Bank posted P6.3-billion income last year

byJulito G. Rada
March 28, 2023, 6:55 pm
0
8
AUB to introduce Atome Card in PH

Asia United Bank, the financial arm of the Rebisco Group, said Tuesday net income climbed 56 percent in 2022 to...

Read more

Liquid financial system gives BSP room to increase interest rates—HSBC

byJulito G. Rada
March 22, 2023, 7:35 pm
0
8
HSBC PH names new president, CEO

By Julito G. Rada Hongkong and Shanghai Banking Corp. said Wednesday the liquid domestic financial system is giving the Bangko...

Read more

BSP’s term deposit facility fetches higher rates

byJulito G. Rada
March 22, 2023, 7:10 pm
0
8
Policy rate kept at 2% in MB’s last meeting this year

The P280 billion offered by the Bangko Sentral ng Pilipinas in its weekly term deposit facility auction on Wednesday was...

Read more

Medalla: Local banks to withstand shocks from US lenders’ collapse

byJulito G. Rada
March 20, 2023, 8:00 pm
0
8
Electric cars gain record market share in European Union

Bangko Sentral ng Pilipinas Governor Felipe Medalla said Monday the strong domestic banking system can withstand the possible shocks from...

Read more

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • PBBM cuts PH line with ICC
  • Marcos greets Digong, vows to continue ‘good work’
  • Gov’t eyes new pension rules of uniformed staff
  • Satellite captures traces of long oil slick in Verde Island Passage
  • CAAP: 2m Holy Week air travelers
  • Empowering Voices: A celebration of women’s month, women achievement
  • Getting to know the empowered lady legislators of VisMin

Advertisement

Latest News

CAAP: 2m Holy Week air travelers

byJoel E. Zurbano
March 29, 2023, 12:30 am
0
8
Pope, Marcos pay tribute to Benedict XVI

The Civil Aviation Authority of the Philippines is anticipating two million air travelers going to and from various provinces starting...

Read more

Empowering Voices: A celebration of women’s month, women achievement

byPeter Paul Duran
March 29, 2023, 12:25 am
0
8
Getting to know the empowered lady legislators of VisMin

The “Empowering Voices” special series featured tenured female legislators from different regions of the Philippines, including the National Capital Region,...

Read more

Getting to know the empowered lady legislators of VisMin

byPatricia Taculao
March 29, 2023, 12:20 am
0
8
Getting to know the empowered lady legislators of VisMin

Although several hundred miles away from the country’s capital, the regions in Eastern Visayas, Zamboanga Peninsula, Northern Mindanao, Davao Region,...

Read more

Rising tension in East Asia

byManila Standard
March 29, 2023, 12:15 am
0
8
Rising tension in East Asia

Nerves are rising yet again in East Asia after North Korea fired two short-range ballistic missiles off its east coast...

Read more

40th National Book Awards finalists announced; Palanca Awards news

byJenny Ortuoste
March 29, 2023, 12:10 am
0
8

"The NBA is an annual prize that honors the best book titles written, designed, and published in the Philippines." As...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App