Led by Henry Sy Sr., John Gokongwei Jr., and Lucio Tan, a record number of Filipinos—14 in all—made it to the 2017 Forbes World's Billionaires List, according to a new ranking released by the U.S. business magazine Monday evening. That is the highest number of Filipinos on the global wealth list.
They form part of the record 2,043 billionaires in Forbes' 31st annual ranking of the world's billionaires as featured in the March 28,
There were 11 Filipinos on the list last year, 10 of whom are still part of the list this year. The only Philippine tycoon who didn't make it to the list is Puregold group chairman Lucio Co and his wife Susan. New names include Ramon Ang, Eduardo Cojuangco Jr., Roberto Ongpin, and Edgar "Injap" Sia II.
The combined net worth of the 14 Filipino billionaires is $45.8 billion, which is higher than the aggregate fortune of $41.5 billion of the 11 Filipinos on the list last year. On average, the net worth of each billionaire on the list fell from $3.8
Globally, Bill Gates remains
This story originally appeared on Entrepreneur.com.ph.
* Minor edits have been made by the Townandcountry.ph editors.