Despite lockdowns, Philippine business tycoons saw their wealth grow
1 of 18 Despite the lockdowns from a deadly pandemic, the Philippine tycoons were able to grow their wealth. This is the list of billionaires from the Philippines in Forbes’ Billionaires list and their estimated wealth. Image Credit: Supplied
2 of 18 MANUEL VILLAR JR, $7.2 billion: Manuel “Manny” Bamba Villar Jr. was once an impoverished child who sold seafood, and a now business tycoon behind the Villar Group. The company has interests in real estate, malls, hospitality and education. He served as the Senate President from 2006 to 2008, was elected senator from 2001 to 2013. Previously, he represented the district of Las Piñas–Muntinlupa from 1992 to 1998, and Las Piñas s at-large district from 1998 to 2001.
Manny Villar remains wealthiest Filipino in Forbes list, PH now has 17 billionaires
enablePagination: false (STOCK PHOTO)
Metro Manila (CNN Philippines, April 7) Former lawmaker and real estate magnate Manny Villar is still the richest Filipino in the Forbes World s Billionaires List this 2021.
He is among the 17 Filipinos in the international publication s list, up from last year s 15. Forbes listed 2,755 billionaires worldwide this 2021, also higher from the 2,095 the year prior.
Villar placed 352nd worldwide, with a net worth of $7.2 billion (around ₱349.7 billion) this year. Villar is behind real estate conglomerate Vista Land & Lifescapes, which has delved into the development of subdivisions, condominiums, malls, convenience stores, and even coffee chains.
ENRIQUE K. RAZON, JR. chairman International Container Terminal Services, Inc
MANY BILLIONAIRES around the world, including the Philippines, became richer even as many economies suffered due to the coronavirus pandemic, according to
Forbes.
Forbes on Wednesday released its annual worldâs billionaires list which had a record 2,755 billionaires, with 493 newcomers. Their combined wealth stood at $13.1 trillion, more than 60% higher than the $8 trillion a year ago.
âIt was also the first time that the combined net worth of the worldâs billions crossed into double-digit trillions. The pace at which huge fortunes have been created is astonishing,â Kerry A. Dolan,
Forbes assistant managing editor-wealth, said in a statement.
Most billionaires got richer amid pandemic — Forbes msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
SunStar
20M vaccine doses to be procured for business sector. (File photo)
+ The business community in Cebu is expecting the vaccination of economic frontliners soon.
Cebu Chamber of Commerce and Industry president Felix Taguiam said many groups are offering like the Go Negosyo of Presidential Adviser for Entrepreneurship Joey Concepcion and the International Container Terminal Services Inc. (ICTSI) Foundation.
“As to my knowledge, price is not the issue. It’s about availability and the sooner the better. Businesses are even now joining the Department of Health and the ‘Project Balik Buhay’ vaccination program which will start soon,” he said.
Taguiam said the business sector really needs the jabs soonest as Cebu is seeing the downtrend in cases.