via Veejay Monderondo, Pressroom PH
SM’s Sy siblings are the richest individuals in the Philippines according to Forbes in its latest list released on Thursday, August 7.
Composed of Teresita, Elizabeth, Henry Jr., Hans, Herbert and Harley, the Sy-blings have a combined net worth of $11.8 billion, $1.2 billion less from their last year's net worth.
Meanwhile, shipping magnate Enrique Razon Jr. followed on the list with a net worth of $11.5 billion, overtaking Manny Villar.
Villar, who slipped from third, posted a net worth of $11 billion.
They were followed by San Miguel CEO Ramon Ang who had a net worth of $3.75 billion from various government contracts won.
The following completed the Top 10 list:
5. Isidro Consunji & siblings - $3.7 B
6. Que Azcona family - $3.6 B
7. Jaime Zobel de Ayala & family - $3.4 B
8. Lucio Tan - $3.2 B
9. Lucio & Susan Co - $3 B
10. Tony Tan Caktiong & family - $2.9 B
Forbes also reported that the combined wealth of the country's 50 richest went up from $80.8 billion to $86 billion.
