The US-Philippines Society is starting to resemble the Forbes rich list with the entry of seven new Filipino directors representing about P1.5 trillion in net worth.
Manuel Villar became the sole Filipino on Forbes Asia’s 2024 Heroes of Philanthropy list, earning recognition for his transformative contributions to education, faith, and community development.
Even top investment banker Eduardo Francisco, who has led some of the biggest deals in the country, struggles to work his magic with the elusive billionaires of the pharmaceutical industry.
Tycoon Manuel Villar Jr. is selling nearly 400-hectares of land in Cavite worth about P5.2 billion to his listed company Golden MV Holdings, a developer of cemetery plots and mass housing.
Tycoon Enrique Razon Jr., the country’s richest man, is bullish on expansion as cash flow and profits soar despite rising geopolitical tensions around the world.
Enrique Razon Jr. has overtaken Manuel Villar Jr. to become the richest individual in the Philippines after a remarkable surge in stock prices that propelled his ports business past the P700 billion mark.
Tycoon Manuel Villar Jr. remains the richest Filipino with a net worth of $11 billion (P620 billion), according to the latest wealth list of Forbes Magazine.