Richest Men in SE Asia


7 Filipinos Make It To Forbes’ List

of 40 Richest People in Southeast Asia


Seven Philippine nationals led by Lucio Tan made to Forbes’ magazine list of 40 richest men in Southeast Asia.

Included in the list by ranking are: No. 12 Lucio Tan, No. 14 Henry Sy, No. 20 Jaime Zobel de Ayala, No. 31 Eduardo Cojuangco, No. 33 George Ty, No. 35 John Gokongwei, Jr., and No. 37 Tony Tan Caktiong.

The top ten richest men in SE Asia are: Robert Kuok of Malaysia with net worth of $4.1 billion; Ananda Krishnan, Malaysia—$3.5 billion; Kwek Leng Beng, Singapore—$2.8 billion; Rachman Halim, Indonesia—$2.3 billion; Ng Teng Fong, Singapore—$2.3 billion; Queng Leng Chan, Malaysia—$2.3 billion; Wee Cho Yaw, Singapore—$2.3 billion; R. Budi Hartono, Indonesia—$2.2 billion; Lee Seng Wee, Singapore—$1.9 billion; Lim Goh Tong, Malaysia—$1.9 billion.

The Filipinos net worth are listed as follows:

Lucio Tan, 70 years old, chairman of Fortune Tabacco, has interests in aviation and banking, $1.6 billion, source—Tobacco.

Henry Sy, 79, heads SM Prime Holdings which operates 18 “supermalls” in the Philippines,  $1.4 billion, source—Malls.

Jaime Zobel de Ayala, 70, chairman of the 170 yr-old Ayala Corporation, Philippines’ biggest conglomerates with interests in banking, real estate and telecom, $800 million, source—Diversified.

Eduardo Cojuangco, 69, chairman of San Miguel Corporation, $380 million, source—Food & Beverage.

George Ty, 71, founded Metrobank in 1962, grew it into one of the nations’ largest banks, in part by lending to its ethnic Chinese, $360 million, source—Banking.

John Gokongwei, 77, has holdings in telecom, financial services, petrochemicals, power generation, even hog farming, $330 million, source—Diversified.

Tony Tan Caktiong, 53, started in 1975 with a two-branch ice dream parlor before moving into hot food. Today his Jollibee group has more than 1,000 fast food outlets in several countries; it has 65% market share in the Philippines, well ahead of McDonald’s which once tried to buy it out; recently bought Yonghe King, a fast food chain in China; $270 million, source—Restaurants.

Bill Gates III of the United States tops the list of the world’s richest people with a net worth of $50 billion dollars. Li Ka-shing of Hong Kong and Lakshmi Mittal of India are the only Asians who made it to the top 10 world’s richest people.

Lucio Tan ranks 451st in the world, Henry Sy, 512th and Jaime Zobel de Ayala is 606th.

The ten richest people and their net worth are: Bill Gates of Microsoft, 50 years old, $50 billion; Warren Buffett, US, 75, $42 billion; Carlos Slim Helu, Mexico, 66, $30 billion; Ingvar Kamprad, Sweden, 79, $28 billion; Lakshmi Mittal, India, 55, $23.5 billion;

 Paul Allen, US, 53, $22 billion; Bernard Amault, France, 57, $21.5 billion; Prince Alwaleed Bin Talal Alsaud, Saudi Arabia, 49, $29 billion; Kenneth Thomson & Family, Canada, 82, $19.6 billion; Li Ka-shing, Hong Kong, 77, $18.8 billion.







Philippine Billionaires and Millionaires

Lucio Tan

$1.6 billion

Henry Sy

$1.4 billion

Jaime Zobel de Ayala

$800 million

Eduardo Cojuangco

$380 million

John Gokongwei, Jr.

$330 million

George Ty

$360 million

Tony Tan Caktiong

$270 Milliom

Text Box:         Kumusta! ONLINE  <>  ■  March-April 2006 Issue

Kumusta! Internet Edition—March-April 2006 Issue

Published bimonthly by the Labrador Creative Group of Van Nuys, California, USA






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