♥ Henry Sy, the "Philippines's Richest" according to Forbes Asia ♥

Inspired by his father, Henry Sy wanted to be a Businessman when he was still a kid and aimed to succeed in everything that he does. Sy is now the Founder and Chairman of the SM Group of Companies, who recently has been named as the most powerful and influential man in the Philippines, according to Forbes Asia 2008.

Sy has an estimated net worth of US$3.1 billion. I remember, he was ranked number 2 on last year's Philippines Rich List. His holding includes SM, Banco de Oro and Chinabank. Next to Sy is business tycoon Lucio Tan and Family, has an estimated net worth US$1.5 billion dropped by US$100 million from last year. Their holdings include Philippine Airlines, Asia Brewery, Fortune Tobacco, Mining Operations and some Hong kong property.

Last year's richest man, Jaime Zobel de Ayala and family slipped to number 3. The massive drop of $800million of their wealth slipped them off from the top. Due to economic crisis, the Ayala Corp. is down by 46% since last year.

Here are the Top 10 Richest in the Philippines:

1. Henry Sy & family; US$3.1 billion
2. Lucio Tan & family; $1.5 billion
3. Jaime Zobel de Ayala & family; $1.2 billion
4. Andrew Tan; $700 million
5. Tony Tan Caktiong & family; $690 million
6. John Gokongwei Jr. & family; $680 million
7. Eduardo Cojuangco Jr.; $610 million
8. Enrique Razon Jr.; $525 million
9. George Ty & family; $435 million
10. Inigo & Mercedes Zobel; $430 million

Woah! :-)
Raquel Cursive Glass  Graphic