Will Soon Flourish

Will Soon Flourish

The Philippines’ 2016 wealthiest billionaires, inspiring tycoons!

August 28, 2016 By Wilson Lee Flores

“Shopping Mall King” Henry Sy, Sr. of SM and BDO, industrialist John L. Gokongwei, Jr. of JG Summit Holdings & Cebu Pacific Air and the Hispanic Basque Aboitiz family of power plants and Union Bank are the three wealthiest billionaires in the Philippines, according to the latest August 2016 list of “Forbes” magazine.

I personally know and admire these three business leaders of the Philippines who exemplify exceptional humility, old-fashioned work ethic, positive thinking, long-range vision, frugality, resourcefulness and progressive capitalism, although the three of them come from different backgrounds and circumstances.

"Forbes" magazine Asia edition, August 2016, with "rags-to-riches" taipan John L. Gokongwei, Jr. on the cover
“Forbes” magazine Asia edition, August 2016, with “rags-to-riches” taipan John L. Gokongwei, Jr. on the cover. He is ranked No. 2 wealthiest in the Philippines.

Henry Sy, Sr. is an immigrant “rags-to-riches” entrepreneur, John L. Gokongwei, Jr. is a fourth-generation scion of a wealthy business family who was a youth when his father died and he had to lead a “riches-to-rags-to-riches” saga, while Jon Ramon Aboitiz is from an old rich Hispanic and Basque business clan of Cebu. Both Sy and Gokongwei were born in Fujian province, south China.

Congratulations to these ultimate topnotchers in this prestigious roster of business pacesetters and visionaries helping sustain Philippine socio-economic development! I believe they are ideal role models not only for entrepreneurs, but also for professionals and all other people who want to achieve success in life.

Henry Sy wearing polo Shirt
Henry Sy, Sr., the Philippines’ No. 1 wealthiest, the undisputed “Retail King” and one of Asia’s legendary self-made taipans

Those of us who are still not yet on this list by “Forbes” magazine (this is only a partial list and I shall soon share my comments on the quality and veracity of other names in this roster on another blog post), let us not complain or be envious. Let us work harder and pursue our dreams. Do not forget, the Philippines’ two richest persons Henry Sy, Sr. and John Gokongwei, Jr. were self-made taipans who led genuine and inspiring “rags-to-riches” success sagas. Jon Ramon Aboitiz and his family have achieved the impressive feat of sustaining their clan’s wealth and business success beyond three generations.

Below is a partial list of the Philippines’ latest wealthiest based on the latest 2016 “Forbes” roster:

1. Henry Sy has net worth of $13.7 Billion, age 91, SM Investments Corporation and other businesses

2. John Gokongwei, Jr.  has net worth $6.8 Billion, age 90, diversified businesses

John Gokongwei, Jr. in brown suit
Another photo of the 90-year-old John L. Gokongwei, Jr., the Philippines’ No. 2 wealthiest billionaire & self-made industrialist

3. Aboitiz family has net worth $5 Billion, Aboitiz & Company

Jon Ramon Aboitiz in dark suit & blue tie
Jon Ramon Aboitiz, leader of Philippines’ No. 3 wealthiest Aboitiz family of Cebu

4. Lucio Tan $4.9 Billion, 82, diversified

5. George Ty $4.6 Billion, 83, banking

6. Tony Tan Caktiong $4.3 Billion, 63, fastfood

7. Jaime Zobel de Ayala $4.1 Billion, 82, diversified

8. Enrique Razon, Jr. $3.5 Billion, 56, ports

9. David Consunji $3.1 Billion, 94, construction

10. Andrew Tan $3 Billion, 64, diversified

11. Lucio and Susan Co $2 Billion, 61, retail

12. Manuel Villar $1.8 Billion, 66, real estate

13. Robert Coyiuto, Jr. $1.7 Billion, 63, power

14. Iñigo & Mercedes Zobel $1.5 Billion, 60, diversified

15. Gotianun family $1.3 Billion, real estate

16. Ramon Ang $1.21 Billion, 62, diversified

17. Edgar Sia II $1.2 Billion, 39, fastfood

18. Roberto Ongpin $1.19 Billion, 79, diversified

19. Dean Lao $1.15 Billion, 57, chemicals

20. Eduardo Cojuangco, Jr. $1.14 Billion, 81, food and drinks

21. Yap family $1.1 Billion, 90, banking

Filed Under: Money Tagged With: Aboitiz, billionaire, business, business leaders, entrepreneurs, Forbes, Gokongwei, Henry Sy, Philippine 2016 billionaires, Philippines, Philippines 2016 billionaires, Philippines Richest, success, taipans, tycoon, wealth

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