Real Estate one common denominator of 14 PH tycoons among Forbes’ richest worldwide
Just saw an article about "14 PH tycoons among Forbes’ richest worldwide", and tried to check if real estate is the common denominator. Behold the list! Real estate is one of the common denominators! See ifno below. I highlighted real estate or real estate related items and then also added notes where needed since I knew for a fact or did some digging. Enjoy reading!
#1 Henry Sy Sr., whose SM Investments Corp. controls the country’s largest banking, shopping mall and retail businesses, had a net worth of $12.7 billion. (GCA: plus SMDC is under their wing)
#2 John Gokongwei Jr., who had a net worth of $5.8 billion. The Gokongwei family controls JG Summit Holdings Inc., aproperty, airline, food and beverage conglomerate.
#3 Lucio Tan, with a fortune of $3.7 billion. Tan’s LT Group is in beverages, banking, tobacco and real estate
The remaining Filipino billionaires who made it to this year’s list:
George Ty (banking, property, automotive): $3.5 billion
Enrique Razon Jr. ( ports, casinos): $3.4 billion
Tony Tan Caktiong (fast food, real estate): $3.4 billion
David Consunji (construction, power, property): $3.1 billion
Andrew Tan (property, gaming, liquor, fast food): $2.5 billion
Robert Coyiuto Jr. ( insurance, power, automotive): $1.5 billion (GCA: understand has some stakes in Robinsons Land)
Manuel Villar Jr. (property, retail): $1.5 billion
Ramon Ang (food, beverage, infrastructure, property): $1.4 billion
Eduardo Cojuangco Jr. (cement, agriculture): $1.2 billion