Thursday, August 25, 2016

Forbes: Record number of Filipino billionaires in 2016

           
This Year's list of Filipino billionaires from Forbes list.
Infographic material by CNN Philippines | Report by  philstar
MANILA, Philippines — A record number of Filipino dollar billionaires have been recorded this year, according to Forbes Magazine's Philippines' 50 Richest list for 2016.

Twenty-one Filipinos have been included in this year's billionaires list, an increase from last year's 17 Filipino billionaires.

For the ninth consecutive year, 91-year-old shopping mogul Henry Sy topped the list with his net worth of  $13.7 billion, a drop from his $14.4-billion net worth in August 2015.

JG Summit Holdings' John Gokongwei Jr. remained in the second spot with a net worth of $6.8 billion while the Aboitiz family ranked third with $5 billion.

A new Filipino billionaire, mall and residence developer Edgar Sia II, enters the list in the 17th spot with a net worth of $1.2 billion.

The heirs of the late Andrew Gotianun also makes a debut among the nation's record 21 billionaire families with a net worth of $1.3 billion. Andrew's wife, Mercedes, serves as chairman emeritus at Filinvest Development while their daughter Josephine leads the company.

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