According to the Forbes billionaire list, the top ten richest people in the Philippines (by wealth) are as follows: Sy-See Cheng ($11.4 billion), Teresita Sy-Coson ($6.1 billion), Andrew Tan ($4.7 billion), Enrique Razon Jr. ($4.2 billion), Robert Wang ($3.9 billion), David Consunji ($3.3 billion), Tony Tan Caktiong ($2.3 billion), Alfred Ty ($1.7 billion), Roberto Ongpin ($1.5 billion), and Lucio Tan ($1 billion). Among them, with the exception of Enrique Razon Jr., who is of Spanish descent, the remaining nine are Chinese billionaires.
Data also shows that among the 9 Chinese individuals who made it to the top ten richest in the Philippines, six, including Sy-See Cheng, Teresita Sy-Coson, Andrew Tan, and Alfred Ty, are “self-made,” while only three have built their wealth through “inheritance and development.” The industries involved include malls, banking, real estate, aviation, construction, fast food, electricity, and tobacco.
This marks Sy-See Cheng's sixth consecutive year as the richest person in the Philippines since he surpassed Teresita Sy-Coson in 2009.
