The 13 richest Filipinos, according to Forbes' list of the world's billionaires, saw their combined net worth decline by 14.5 percent, or $6.3 billion annually, to $37.4 billion as of the end of 2022.
In a year that began with a lot of promise but finished in a lot of pain, ultra bilyonaryos took a significant beating.
(Three ultra billionaires who had holdings below the $1 billion mark, the heirs to Ricardo Po, Iigo Zobel, and Roberto V. Ongpin, left the mega rich list.)
In comparison, the Philippine Stock Exchange Index fell by 8% to 6,566. This decline is almost twice as large.
Manny Villar, a real estate developer, and Enrique "Ricky" K., a port and casino builder Despite being thoroughly beaten, Razon are ranked first and second, respectively, for the fourth year in a row.
Razon fell $300 million to $6.4 billion while Villar lost $200 million to reach $7.3 billion.
Only three fattened their bank accounts in 2022 led by San Miguel Corp. boss Ramon S. Ang who jumped from No. 10 to third spot with a $600 million gain to $2.7 billion.
Lucio Tan, the oldest in the list at 88 years old, and Lance Gokongwei, the youngest at 55, gained $300 million each to $2.3 billion and $1.3 billion, respectively.
Jollibee’s Tony Tan Caktiong suffered a heavy drubbing after losing more than half of his wealth to $1.2 billion.
The six heirs of “Tatang” Henry Sy also got clobbered with total losses of $1.6 billion to $13.7 billion. Big Boy Sy accounted for half of the plunge in the family’s riches.
Here is a breakdown of how the country’s super rich tallied in 2022:
other references : https://bilyonaryo.com/2022/12/30/who-got-richer-in-2022-rsa-gokongwei-lucio-tan-biggest-winners-tan-caktiong-sy-blings-worst-losers/business/
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