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THE PHILIPPINES’ 50 wealthiest magnates augmented their total assets by 6% to surpass $86 billion (approximately P4.92 trillion) this year, with almost half of those featured on the list now more affluent than a year ago, as per Forbes Asia.
“Fueled by local demand and an increase in infrastructure spending, the Philippine economy grew by 5.4% in the initial quarter of 2025, although US tariffs posed a challenge. The nation’s main stock market index fell by 7% since fortunes were previously evaluated, although this decline was somewhat counterbalanced by a stronger peso,” Forbes Asia mentioned in a statement.
The Sy siblings again led the Forbes compilation of the Philippines’ 50 Richest for 2025, despite a $1.2-billion decrease in their wealth.
The six Sy siblings—Teresita, Elizabeth, Henry Jr., Hans, Herbert, and Harley—reported a total net worth of $11.8 billion. They are the successors to the SM Group established by the late Henry Sy, Sr., who held the title of the richest individual in the Philippines until his passing in January 2019.
Ports and casino magnate Enrique K. Razon, Jr. secured the second position for the second consecutive year. The chairman of International Container Terminal Services, Inc. and Bloomberry Resorts Corp. reported a net worth of $11.5 billion, rising from last year’s $11.1 billion.
Real estate mogul and former politician Manuel B. Villar, Jr. maintained third place with a wealth of $11 billion, slightly above his net worth of $10.9 billion last year. This comes as he transitioned his mass-housing and memorial park enterprise Golden MV Holdings into Villar Land Holdings.
San Miguel Corp. Chairman and Chief Executive Officer Ramon S. Ang took the fourth position with a net worth of $3.75 billion, marginally lower than last year’s $3.8 billion.
In fifth position was DMCI Holdings, Inc. Chairman Isidro A. Consunji and his siblings, with a total net worth of $3.7 billion.
The Que Azcona family made their debut at No. 6 with a net worth of $3.6 billion. The family entered the wealthy ranks following the passing of Mercury Drug Corp. President Vivian Q. Azcona in April, after which her son Steven Azcona took charge of the drugstore chain.
Jaime Zobel de Ayala and his family moved up one position to 7th place with a net worth of $3.4 billion, an increase from $2.6 billion a year prior.
Tycoon Lucio C. Tan, chairman of LT Group, Inc., fell one spot to 8th place with a net worth of $3.2 billion.
Founders of Puregold Price Club, Inc., Lucio and Susan Co, ranked ninth with a net worth of $3 billion, while Jollibee Foods Corp. Chairman Tony Tan Caktiong completed the top 10 with $2.9 billion.
The Ty siblings—Arthur, Alfred, Alesandra, and Anjanette—are the 11th richest in the nation with a net worth of $2.8 billion. They are the offspring of the late banking magnate George Ty, the founder of Metropolitan Bank & Trust Co.
The Aboitiz family, proprietors of Cebu-based conglomerate Aboitiz Equity Ventures, Inc., occupied the 12th position with a net worth of $2.2 billion.
The Po family, which controls Century Pacific Food, ranked 13th with a wealth of $1.9 billion.
Lance Y. Gokongwei and his siblings, whose ventures encompass JG Summit Holdings, Cebu Pacific, and Robinsons Land, are in 14th position with a net worth of $1.8 billion.
Andrew L. Tan, who heads Alliance Global Group, Inc., landed in 15th place with a wealth of $1.65 billion.
Dennis Anthony H. Uy and Maria Grace Y. Uy, co-founders of broadband services provider Converge ICT Solutions, Inc., were ranked in 16th place as their combined wealth surged 74% to $1.6 billion.
Soledad Oppen-Cojuangco and family occupied the 17th rank with a net worth of $1.15 billion, followed by online gaming, education, and logistics mogul Eusebio H. Tanco in 18th position with a wealth of $1.1 billion.
The Campos siblings, Jocelyn, Joselito, and Jeffrey, secured 19th place with $910 million. Their father, Jose Campos, established Unilab in collaboration with business partner Mariano Tan.
Indonesian-born Hartono Kweefanus, chairman emeritus of Monde Nissin, and his family landed in 20th spot with a net worth of $840 million. He is the brother-in-law of Monde Nissin president Betty Ang, who ranked 23rd on the list with $615 million.
This year’s list required a minimum net worth of $185 million to qualify, increased from $170 million in 2024.
Forbes indicated that the net worth of leading Philippine tycoons was determined based on closing stock prices and exchange rates as of July 18, 2025. The list relied on shareholding and financial data from families and individuals, stock markets, analysts, and other sources. It also encompasses family fortunes, including those shared among extended families.
The list might also feature foreign citizens or individuals who do not reside in the Philippines but maintain significant business ties or connections to the country. — with Arjay L. Balinbin and Revin Mikhael D. Ochave
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