Top 10 Richest Filipinos In The Philippines; And how they became rich?

Forbes magazine has released their list of top 10 Richest Filipinos  this year. SM founder Henry Sy and his family are still on top of the list of the richest Filipino in Philippines. With a whooping $11.4 billion, Henry Sy remains on top of Filipino billionaires’ list.

When tracking his success, Henry Sy started his business when he sold rejected and overrun shoes in Tondo, Manila where his family lived after transferring from China. Now, he owns the biggest and the most well-known mall in the country (Shoe Market) with not just shoes in it, but everything that a consumer is looking for is there.

Henry Sy is followed by Lucio Tan's who has an asset of worth $6.1 billion net  as of 2014. His largely business income is from his tobacco company. The tobacco businessperson started as a worker in a tobacco factory, but now his tobacco business expands to  aviation, real estate and liquor, and many more.

Third on the list is Andrew Tan, who is the founder of Alliance Global. His company includes Megaworld, with a net worth of $4.6 billion. Aside from Alliance Globe, he also owns the McDonald’s franchise in the country through Golden Arches Development Corporation.

The youngest on the list made it to the fourth. He  is a casino tycoon Enrique Razon, Jr. with $4.42 billion net.

John Gokongwei, Jr. the founder of JG summit, whose net worth is $3.9 billion, ranks fifth in the list. He is known for his riches-to-rags-to-riches story. He was born to a wealthy Cebu-based family until his father passed away and lost almost all their family wealth. Yet through his hard works, he recovered his family wealth and multiplied it even more.  

With a net worth of $3.3 billion, David Consunji made his brand in the construction industry. George Ty who founded Metrobank when he was 29 with no banking background has a net of  worth $2.3 billion.

Tony Tan,  who is the owner of the countries favorite “Chicken Joy”  a product of Jollibee, has a net worth of $1.7 billion as of today. Tony Tan has only started his business with an ice cream parlor and eventually became the Jollibee.

Ninth on the list is Robert Coyiuto, Jr. with $1.5 billion, while Filinvest founder Andrew Gotianun is tenth with a net worth of $1 billion.