Philippines Billionaires

This list show the 2 known Billionaire in the Philippines according to forbes magazine.

Henry Sy & family

Net Worth:$2.7 bil
Fortune:self made
Source:malls
Age:84
Country Of Citizenship:Philippines
Residence:Manila
Industry:Diversified
Education:NA,
Marital Status:married, 6 children

The richest man in the Philippines arrived there at age 13 from China to help out at father's small convenience store. Saved to start a small shoe store in Manila and built it into one of the country's largest retailers. Now controls the Philippines' largest shopping mall developer, SM Prime Holdings, which opened its 31st mall last year, run by son Hans Sy; country's largest bank, Banco de Oro Unibank, run by daughter Teresita Sy-Coson. Shares fortune, which includes stakes in a dozen companies with wife and children. Last year bought a 60% stake in Manila's National University for an undisclosed sum. In December family's SM Investment Corp. announced plans to start building casinos in Manila.

Lucio Tan & family

Net Worth:$1.4 bil

Fortune:self made
Source:diversified
Age:74
Country Of Citizenship:Philippines
Residence:Manila
Industry:Diversified
Education:Far Eastern University, Bachelor of Arts / Science,
Marital Status:married, 6 children

Former chemical engineer from China mopped floors to pay for school. Now owns the Philippines' largest cigarette maker, Fortune Tobacco; Philippine Airlines; Asia Brewery; mining operations; banks; property developments in Hong Kong. Cigarettes and alcohol continue to do well during the downturn, but his property company, Eton, has been hit by lower property values and rents in Hong Kong and other parts of Asia. Being prosecuted by the Presidential Commission on Good Governance, which claims that much of Tan's wealth belonged to former president Ferdinand Marcos and should be returned to the country. Hobbies include flying helicopters.

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