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He was the Philippines' richest man, gaining $5 billion in 2010, after the 2007–2008 financial crisis. The huge gain was due to his holding company, SM Investments, which possessed interests in BDO, inter alia. [18]
Forbes listed him as the fifth richest person in the Philippines in 2023, with an estimated net worth of US$3.2 billion. [5] Early career and education
This list of members of the Congress of the Philippines by wealth includes only the fifty richest current members of the Congress of the Philippines based on their statement of assets, liabilities and net worth as of December 31, 2018 for the House of Representatives and as of December 31, 2019 for the Senate.
In 2019, Forbes magazine named Villar as the new richest individual in the Philippines, with an estimated net worth of $5.5 billion, surpassing Henry Sy Sr. [24] In 2021, his net worth surged to approximately $6.7 billion despite being overtaken by the Sy siblings in Forbes' annual Philippines rich list. [25]
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ICT, BLOOM, MWC and APX are listed in the Philippine Stock Exchange. Razon also owns MORE Power, Iloilo City's sole power distributor since 2019. [3] In 2020, Forbes named Razon the third richest Filipino and the 565th individual in the world, with a personal wealth of $12.2 billion. [4]
Forbes magazine annually lists the world's wealthiest individuals – "The World's Richest People". [1] What follows is the list of billionaires (in U.S. dollars ) in Southeast Asia , issued for 2024.
Gokongwei joined the board of SP New Energy Corp. (SPNEC) in May 2024. SPNEC is a subsidiary of Solar Philippines, the largest solar energy provider in the Philippines. [22] Gokongwei has been a director of Manila Electric Co. (Meralco) since 2013 when JG Summit acquired ownership in the power utility firm. [23]