LIST: Here are the richest Filipinos in 2025, according to Forbes
Forbes has released its 2025 list of the wealthiest people in the Philippines.
On its website, the magazine said the collective wealth of the country's 50 richest rose to $86 billion (P4.9 trillion) this year, from $80.8 billion (P4.6 trillion) in 2024.
Factors include the country's 5.4% economic growth in the first quarter as driven by domestic demand and increased infrastructure investments.
Forbes noted that the US tariffs "proved to be a spoiler," with the country’s benchmark stock market index dropping by 7% since the last assessment. Nevertheless, it said the impact was partially offset by a firmer peso.
The Sy siblings—Teresita, Elizabeth, Henry Jr., Hans, Herbert, and Harley—of the SM Group kept the top spot with $11.8 billion (P675.4 billion), despite their $1.2 billion (P68.6 billion) net worth drop—the biggest drop in dollar terms.
Ports and casino magnate Enrique Razon Jr. stayed in the second spot with $11.5 billion (P658.3 billion), from $11.1 billion (P635.4 billion) last year. Property tycoon Manny Villar was still in the third spot with $11 billion (P629.6 billion), from $10.9 billion (P623.9 billion).
Tony Tan Caktiong of Jollibee Foods Corporation descended to 10th spot, from last year's 6th, keeping a net worth of $2.9 billion (P166 billion).
Recording the biggest gain in percentage were Dennis Anthony and Maria Grace Uy of broadband services provider Converge ICT Solutions. They placed 16th spot with $1.6 billion, from 2024's 19th spot with $920 million (P91.5 billion). That amounts to a 74% growth.
The Aboitiz family, whose interests include power, banking and financial services, food, infrastructure, and real estate, was out of the Top 10 and placed 12th, though it kept its net worth of $2.2 billion (P125.9 billion).
Landing at the 50th spot was Benedicto and Teresita Yujuico of office landlord DDMP REIT, a subsidiary of tycoon Edgar Sia's property developer DoubleDragon. They have a joint net worth $185 million (P10.5 billion).
Here are the top 10 tycoons who made it to Forbes' 2025 list, along with their respective net worths and interests.
1. Sy siblings
Net worth: $11.8 billion (P675.4 billion)
Source of wealth: SM Group, whose interests include department stores, supermarkets, banks, hotels, real estate, and mining
2. Enrique Razon Jr.
Net worth: $11.5 billion (P635.4 billion)
Source of wealth: ports operator International Container Terminal Services, Solaire Resort and Casino, water utilities and renewable energy company Prime Infrastructure Capital
3. Manny Villar
Net worth: $11 billion (P629.6 billion)
Source of wealth: property developer Vista Land & Lifescapes, real estate investment trust VistaREIT, developer Golden MV Holdings, mall operator Vistamalls, supermarket chain AllDay Marts
4. Ramon Ang
Net worth: $3.75 billion (P214.5 billion)
Source of wealth: food and beverage conglomerate San Miguel Corporation, power and infrastructure
5. Isidro Consunji and siblings
Net worth: $3.7 billion (P211.6 billion)
Source of wealth: property developer DMCI Holdings, construction materials giant Cemex, Semirara Mining and Power, power generation, water services
6. Que Azcona family
Net worth: $3.6 billion (P205.9 billion)
Source of wealth: drugstore chain Mercury Drug
7. Jaime Zobel de Ayala
Net worth: $3.4 billion (P194.5 billion)
Source of wealth: property developer Ayala Land, energy firm ACEN, distillery, banking, real estate, hotel, telecommunications, education
8. Lucio Tan
Net worth: $3.2 billion (P183 billion)
Source of wealth: LT Group, whose subsidiaries include Asia Brewery, Philippine Airlines, Philippine National Bank
9. Lucio and Susan Co
Net worth: $3 billion (P171.6 billion)
Source of wealth: hypermarket and supermarket chain Puregold
10. Tony Tan Caktiong
Net worth: $2.9 billion (P165.9 billion)
Source of wealth: Jollibee Foods Corp., whose brands also include Chowking, Greenwich, Red Ribbon, Mang Inasal, Burger King, Dunkin’, Tim Ho Wan, The Coffee Bean & Tea Leaf, and Compose Coffee
Forbes said it compiled the list using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts, and other sources. The minimum net worth to make this year's list is $185 million, up from $170 million in 2024.
Check the rest of the country's 50 richest list here.
