Philippines' 50 Richest List Released by Forbes

The Sy siblings retain their position as the richest individuals in the Philippines, with a net worth of $13 billion, despite a decline from $14.4 billion in 2023. They are followed by Enrique Razon Jr., who has climbed to second place for the first time with a net worth of $11.1 billion, boosted by a $3 billion increase due to the surge in shares of his company, International Container Terminal Services. Manuel Villar Jr. slips to third place with a net worth of $10.9 billion, while Ramon Ang of San Miguel and Isidro Consunji round out the top five. Razon's portfolio includes significant investments in both the casino and logistics sectors, with plans for further expansion in infrastructure and gaming. The list reflects a diverse array of industries, with notable representation from food and beverage, real estate, and finance. The combined net worth of the top 50 richest Filipinos has seen fluctuations due to changing economic conditions, particularly the weaker peso.