Philippines Richest People 2012 Revealed by Forbes

Philippines Richest People 2012 Revealed by Forbes

Forbes Asia has released its list of 40 richest people in the Philippines.

Leading the list is SM tycoon Henry Sy with net worth of $9.1 billion. Followed by tobacco and airline magnate Lucio Tan at $4.5 billion.

Media patriarchs Oscar Lopez of ABS-CBN Broadcasting Co. is also in the list. And so with GMA Network's Gilberto Duavit, Menardo Jimenez and Felipe Gozon.

Newbies in the list include Puregold Price Club owners Lucio Co and Susan Co and Michael Cosiquien of Megawide Construction.

Here are the Top 40 Richest Philippines:

1) Henry Sy - $9.1 billion (SM Prime)
2) Lucio Tan - $4.5 billion (Philippine Airlines, Morris Fortune Tobacco)
3) Enrique Razon Jr. - $3.6 billion (International Container Terminal Services)
4) John Gokongwei Jr. - $3.2 billion (JG Summit)
5) David Consunji - $2.7 billion (DMCI)
6) Andrew Tan - $2.3 billion (Alliance Global)
7) Jaime Zobel de Ayala - $2.2 billion (Ayala Corp.)
8) George Ty - $1.7 billion (Metropolitan Bank)
9) Roberto Ongpin - $1.5 billion (Atok-Big Wedge)
10) Eduardo Cojuangco Jr. - $1.4 billion (San Miguel)
11) Roberto Coyiuto Jr. - $1.3 billion (National Grid)
12) Tony Tan Caktiong - $1.25 billion (Jollibee Foods)
13) Lucio and Susan Co - $1.2 billion (Puregold Price Club)
14) Iñigo Zobel and Mercedes Zobel - $1.15 billion (Ayala Corp.)
15) Emilio Yap - $1.1 billion (Philtrust Bank)
16) Jon Ramon Aboitiz - $955 million (Aboitiz Equity Ventures)
17) Andrew Gotianun - $825 million (Filinvest Development)
18) Manuel Villar - $720 million (Vista Land and Lifescapes)
19) Beatrice Campos - $700 million (Unilab)
20) Vivian Que Azcona - $690 million (Mercury Drug)
21) Alfonso Yuchengco - $570 million (Rizal Commercial Bank)
22) Mariano Tan Jr. - $420 million (Unilab)
23) Enrique Aboitiz - $400 million (Aboitiz & Co.)
24) Eric Recto - $365 million (Alphaland)
25) Jose Antonio - $300 million (Century Properties Group)
26) Gilberto Duavit - $270 million (GMA Network)
27) Menardo Jimenez - $265 million (GMA Network)
28) Frederick Dy - $260 million (Security Bank)
29) Manuel Zamora Jr. - $255 million (Nickel Asia)
30) Alfredo Ramos - $$250 million (Atlas Consolidated Mining and Development)
31) Oscar Lopez - $245 million (ABS-CBN)
32) Felipe Gozon - $240 million (GMA Network)
33) Betty Ang - $235 million (Monde Nissin)
34) Wilfred Uytengsu Jr. - $230 million (Alaska Milk)
35) Juliette Romualdez - $200 million (Banco de Oro)
36) Bienvenido Tantoco Sr. - $195 million (Rustan Commercial)
37) Jacinto Ng Sr. - $190 million (Rebisco)
38) Tomas Alcantara - $160 million (Alsons Consolidated Resources)
39) Michael Cosiquien - $150 million (Megawide Construction)
40) Edgar Sia II - $140 million (Mang Inasal)

The above list was compiled by Forbes Asia using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and other sources. Net worths are based on stock prices, and exchange rates as of the close of markets on June 8. Private companies were valued based on similar companies that are publicly traded.