he Philippines’ economy grew 8.3% in the first quarter of 2022, as domestic demand started recovering from pandemic headwinds. Newly elected president Ferdinand “Bongbong” Marcos Jr., son of the former dictator, who was ousted in 1986, pledged to keep up the growth momentum. Nonetheless the pressures of inflation, rising commodity and energy prices as well as reduced exports to China dragged the benchmark stock index down 6% from 11 months ago when fortunes were last measured. The peso also plunged 12% over the same period. As a result, the combined wealth of the country’s 50 richest dropped to $72 billion from $79 billion last year.
- NAMENET WORTHINDUSTRY1.Sy siblings$12.6 BDiversified2.Manuel Villar$7.8 BReal Estate3.Enrique Razon Jr.$5.6 BLogistics4.Lance Gokongwei & siblings$3.1 BDiversified5.Aboitiz family$2.9 BDiversified6.Isidro Consunji & siblings$2.65 BConstruction & Engineering7.Tony Tan Caktiong & family$2.6 BFood & Beverage8.Jaime Zobel de Ayala & family$2.55 BDiversified9.Ramon Ang$2.45 BFood & Beverage10.Andrew Tan$2.4 BDiversified11.Lucio Tan$2 BDiversified12.Ty siblings$1.9 BFinance & Investments13.Dennis Anthony & Maria Grace Uy$1.75 BTelecom14.Lucio & Susan Co$1.7 BFashion & Retail15.Hartono Kweefanus & family$1.5 BFood & Beverage16.Po family$1.2 BFood & Beverage17.William Belo & family$1.15 BFashion & Retail18.Vivian Que Azcona & siblings$1.1 BFashion & Retail19.Mercedes Gotianun & family$1.09 BDiversified20.Betty Ang$1.05 BFood & Beverage21.Soledad Oppen-Cojuangco & family$985 MDiversified22.Inigo Zobel$930 MDiversified23.Roberto Ongpin$830 MDiversified24.Dennis Uy$810 MDiversified25.Campos siblings$780 MHealthcare26.Dean Lao & family$710 MFood & Beverage27.Henry Soesanto$625 MFood & Beverage28.Luis Yu Jr.$545 MReal Estate29.Jacinto Ng$490 MFood & Beverage30.Eusebio Tanco$450 MDiversified31.Yap family$440 MFinance & Investments32.Manuel Zamora Jr.$430 MMetals & Mining33.Robert Coyiuto Jr.$420 MEnergy34.Menardo Jimenez$380 MMedia & Entertainment35.Mariano Tan Jr.$375 MHealthcare36.Gilberto Duavit Jr.$360 MMedia & Entertainment37.Felipe Gozon$355 MMedia & Entertainment38.Carlos Chan$350 MFood & Beverage39.Sylvia C. Wenceslao$340 MReal Estate40.Edgar Sia II$330 MFood & Beverage41.Keng Sun and Peter Mar & family$310 MFood & Beverage42.Alfredo Yao$280 MFood & Beverage43.Jose Antonio$270 MReal Estate44.Mariano Martinez Jr.$250 MReal Estate45.Oscar Lopez$245 MMedia & Entertainment