The magazine said that his wealth increase because the value of his publicly traded conglomerates has gone up, SM Investments Corporation is up by 17% and SM Prime Holdings is up by 20%.
He also holds a stake in the National Grid Corporation of the Philippines, a private firm supplying power to the country.
Here are the 10 individuals on top of the “Philippines’ 50 Richest” Forbes’ list with their estimated net worth for 2015:
- Henry Sy $14.4 B 90yo diversified
- John Gokongwei, Jr. $5.5 B 88yo diversified
- Andrew Tan $4.5 B 63yo diversified
- Lucio Tan $4.3 B 81yo diversified
- Enrique Razon, Jr. $4.1 B 55yo ports
- George Ty $4 B 82yo banking
- Family Aboitiz $3.6 B - Diversified
- Jaime Zobel de Ayala $3.5 B 81yo Diversified
- David Consunji $3.2 B 93 yo construction
- Tony Tan Caktiong $2.2 B 62yo fast food
- Lucio and Susan Co $1.7 B 60yo Retailing
- Robert Coyiuto, Jr. $1.6 B 62yo power
- Manuel Villar $1.5 B $1.5 B 65yo Real estate
- Yap family $1.4 B $1.4 B 89yo Banking
- Alfredo Yao $1.3 B 71yo Diversified
- Dean Lao $1.1 B 56yo chemicals
- Oscar Lopez $1 B 85yo Media
- Andrew Gotianun $910 M 87yo real estate
- Betty Ang $905 M - Food
- Roberto Ongpin $900 M 78yo Diversified
- Inigo & Mercedes Zobel $870 M 59yo Diversified
- Vivian Que Azcona $780 M - Retailing
- Eduardo Cojuangco $770 M 80yo Food & drinks
- Beatrice Campos $740 M - Pharma
- Ricardo Po family $640 M 84yo canned food
- Jorge Araneta $560 M - Real Estate
- Carlos Chan $550 M 74yo Foods
- Mariano Tan, Jr. $520 M 53 yo Pharmaceuticals
- Ramon Ang $510 M 61yo Diversified
- Alfonso Yuchengco $500 M 92yo Diversified
- Bienvenido Tantoco, Sr. $480 M 94 yo Retailing
- Manuel Zamora $450 M 75yo Mining
- Concepcion family $400 M - food
- Edgar Sia $390 M 38yo Fast food
- Frederick Dy $310 M 60 yo Banking
- Jacinto Ng $275 M - Diversified
- Tomas Alcantara $270 M 69yo Diversified
- Fred Elizalde $260 M 74yo media
- Wilfred Steven Uytengsu, Jr. $255 M 53yo Milk
- Eric Recto $240 M 52yo Diversified
- Philip Ang $230 M 74yo Mining
- Luis Virata $225 M 61 Mining
- Jose Antonio $220 M 68yo Real estate
- P.J. Lhuillier $175 M - pawn shops
- Gilberto Duavit $170 M 80yo Media
- Menardo Jimenez $165 M 83yo Media
- Juliette Romualdez $160 M - Banking
- Felipe Gozon $155 M 75 yo Media
- Walter Brown $140 M 76yo Mining
- Alfredo Ramos $120 M 71 yo Diversified
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