X-LAW SESH`FORUM-ADDICT
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 |  Subject: Lucio Tan, Richest Filipino  Fri Sep 16, 2011 10:48 am | |
| In its latest list of world's billionaires, US-based Forbes Magazine identified the four Filipino billionaires as Lucio Tan, with a net worth of US$1.7 billion; Henry Sy, US$1.5 billion; George Ty, US$1.1 billion; and Jaime Augusto Zobel de Ayala and family, US$1 billion. The combined wealth of these Filipino billionaires amounted to about US$5.3 billion or almost 7 percent of the country's GDP of US$75.2 billion in 2001. The first three billionaires were immigrants from China while Ayala was a scion of an aristocratic Spanish clan.
Tan, 67, owns Asia Brewery, Fortune Tobacco, Philippine Airlines and Philippine National Bank while the 77-year-old Sy manages the SM shopping malls. Ty, 69, runs Metro Bank, the country's largest commercial bank while Ayala, 42, heads Ayala Corp., the largest conglomerate in the Philippines. | |
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