One of the Phil. Billionaire loses his rank in Forbes Magazine. Edgar Sia II "Injap", He is the chairman of Double Dragon Properties and the founder of Mang inasal.
While the worlds richest and Forbes top 1 is still Bernard Arnault and family followed by Jeff Bezos, Elon Musk, Bill Gates and Mark Zuckerberg.
In the Philippines Based on Forbes’ real-time rankings, self-made real estate and retail tycoon Manuel B. Villar Jr. remains the Philippines’ richest with a fortune of $6.7 billion as of September 1, down from the $7 billion indicated in the list for 2021 released last April.
ICTSI and Bloomberry Chairman & CEO Enrique K. Razon Jr.
Coming in next is ports and gaming tycoon Enrique K. Razon Jr. with $5.9 billion from $5 billion followed by the SM Group’s Henry Sy Jr. who rose to third from number 8 as his value rose to $3.6 billion from S2.7 billion.
His brothers Hans Sy and Herbert Sy came next, maintaining their rankings, with the same net worth of $2.7 billion from $3 billion in April.
They are followed by Andrew Tan with $2.6 billion from $3 billion, Harley Sy with $2.5 billion from $2.7 billion, Teresita Sy-Coson with $2.3 billion from $2.7 billion, Tony Tan Caktiong climbed to 9th place from 11th with $2.3 billion from $2.4 billion, as Ramon S. Ang landed in 10th place from 12th with $2.3 billion from $2.2 billion.
Elizabeth Sy came in next with $2.2 billion from $2.4 billion while taipan Lucio Tan fell to 12th place from third place with his net worth dropping to $1.8 billion from $3.3 billion.
Also in the list are Ricardo Po Sr. and family $1.5 billion from $1.1 billion), Lance Gokongwei ($1.1 billion from $1.2 billion), Inigo Zobel ($1.1 billion from $1.4 billion), and Roberto Ongpin (steady at $1.1 billion).
Edgar “Injap” Sia II dropped out from the list where he was last ranked at number 17.
But the tycoon’s road to becoming the youngest Filipino billionaire actually began on December 12, 2003, in a 200-square-meter space of a Robinsons Iloilo carpark building. This was where the then-26-year-old opened the first Mang Inasal, a new fastfood concept at the time built on the comfort that Hiligaynon-style barbecue brings and the brilliance of the phrase “unlimited rice.” The chain was obviously doing quite well for itself when Jollibee bought 70 percent of its ownership in 2010, and finished off the remaining 30 percent six years later. These transactions gave Sia his first billions—PHP 5 billion to be exact—and set him off to try his hand in other industries.
Inspite of being not in the forbes list anymore Injap is still doing great with his businesses.
PHILIPPINE TYCOONS
Filipino billionaires grow wealth despite pandemic.
Source: Manila bulletin.
Filipino billionaires' combined wealth totals $45.6 billion (P2.2 trillion), based on the latest Forbes list. For perspective, the Philippines' 2021 national budget is P4.5 trillion.
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Despite the coronavirus pandemic ruining the global economy, Filipino billionaires saw their wealth grow, the latest Forbes billionaires list showed.
The 2021 list, which has 2,755 billionaires, included property magnate Manuel Villar, who saw his wealth grow by 28.6% to $7.2 billion (P349.45 billion) in 2021 from $5.6 billion (P271 billion) in 2020.
The 71-year-old Villar, who chairs mall operator Vista Mall, is the richest in the Philippines and 352nd in the world. (READ: Entrepreneur Manny Villar: 'I don't like politics anymore')
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Ports and gaming tycoon Enrique Razon Jr, who leads International Container Terminal Services and Bloomberry Resorts, saw his wealth jump by 43.3% to $5 billion (P242.67 billion) in 2021 from $3.4 billion (P165 billion) in 2020.
Lucio Tan, who has interests in tobacco, spirits, banking, and properties, grew his wealth by 94% to $3.3 billion (P160 billion) in 2021 from $1.7 billion (P82.5 billion) in 2020.
Here is the complete list of the Filipino billionaires included in the Forbes ranking:
Manuel Villar - $7.2 billion
Enrique Razon Jr - $5 billion
Lucio Tan - $3.3 billion
Hans Sy - $3 billion
Herbert Sy - $3 billion
Andrew Tan - $3 billion
Harley Sy - $2.7 billion
Henry Sy Jr - $2.7 billion
Teresita Sy-Coson - $2.7 billion
Elizabeth Sy - $2.4 billion
Tony Tan Caktiong and family - $2.4 billion
Ramon Ang - $2.2 billion
Inigo Zobel - $1.4 billion
Lance Gokongwei - $1.2 billion
Roberto Ongpin - $1.2 billion
Ricardo Po Sr and family - $1.1 billion.
Inigo Zobel, cousin of Jaime Zobel de Ayala, debuted on the global billionaires list, ranking 2,141st.
Lance Gokongwei also made it to the global list for the first time, ranking 2,378th.
Almost all of the Filipino billionaires in the list saw their wealth grow, except for Roberto Ongpin, whose net worth dropped from $1.7 billion in 2020 to $1.2 billion in 2021.
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Collectively, the Filipino billionaires' wealth totaled $45.6 billion (P2.2 trillion). For perspective, the Philippines' 2021 national budget is P4.5 trillion.
Outgoing Amazon chief executive officer Jeff Bezos retained the top spot for the 4th straight year, with a net worth of $177 billion (P8.6 trillion).
Elon Musk rocketed into the No. 2 spot with $151 billion (P7.3 trillion).
Rounding up the top 5 of the world's richest are Bernard Arnault of LVMH, Microsoft co-founder and philanthropist Bill Gates, and Facebook's Mark Zuckerberg.
The combined wealth of all 2,755 billionaires in the list is a whopping $13.1 trillion (P635 trillion), up by 63.75% from $8 trillion in 2020.
Asia-Pacific boasts the most billionaires with 1,149, followed by the United States with 724 and Europe with 628. -rappler
I know after this pandemic Injap will be in the Forbes list again. And your name marked as the youngest Billionaire in the Philippines.
-Thank you for reading my article.