16 Filipinos on Forbes' richest list, Villar ranks 190th with $11B

Sixteen Filipinos made it to Forbes Magazine's list of the world's richest people, with Real Estate mogul Manuel Villar ranking 190th with a wealth increase to $11 billion.

Villar’s rise from 232nd place last year reflects a 28 percent growth in his net worth.

Ports tycoon Enrique Razon Jr. is ranked 224th with a net worth of $10 billion, while Ramon Ang of San Miguel Corp. ranks 920th with a net worth of $3.5 billion.

The combined wealth of the Philippines' top tycoons totals $48.2 billion, driven by post-pandemic economic recovery and individual growth in their respective companies.

Henry Sy Jr., Herbert Sy, Lucio Tan, and others also made it to the list, reflecting a significant increase in their net worths over the past year.