What do malls, fried chicken, and imported brandy have in common? They’re all part of what keeps some of the richest Filipino businessmen on the Forbes’ new list of billionaires in 2025.
A total of 3,028 billionaires are included in this year's list, which is 247 more than in 2024. “Not only are there more of them, but they’re richer than ever, worth $16.1 trillion in total—up nearly $2 trillion over 2024,” Forbes said. In the Philippines, familiar names continue to cash in on real estate, retail, logistics, and fast food.
Real estate giant Manuel Villar leads the pack again at the 117th spot with an estimated net worth of $17.2 billion from his extensive holdings in Vista Land, Golden MV, and AllHome. Close behind is ports and gaming magnate Enrique Razon Jr., who lands at 227th with a net worth of $10.9 billion, thanks to his international operations through International Container Terminal Services Inc. (ICTSI).
Notably, members of the Sy family continue to occupy a significant chunk of the list as heirs of the late Henry Sy Sr. Five of them—Henry Jr., Hans, Herbert, Harley, and Teresita—rank within the top 2,000, with shared interests in SM Investments, one of the country’s largest conglomerates spanning malls, banking, and property.
READ: 15 Filipinos Rank on Forbes’ Billionaires List in 2025
117. Manuel Villar – $17.2 billion – Real Estate
227. Enrique Razon Jr. – $10.9 billion – Logistics
979. Ramon Ang – $3.7 billion – Food and Beverage
1219. Lucio Tan – $3 billion – Diversified
1573. Henry Sy, Jr. – $2.3 billion – Diversified
1626. Hans Sy – $2.2 billion – Diversified
1688. Herbert Sy – $2.1 billion – Diversified
1850. Harley Sy – $1.9 billion – Diversified
1850. Teresita Sy-Coson – $1.9 billion – Diversified
2019. Elizabeth Sy – $1.7 billion – Diversified
2110. Andrew Tan – $1.6 billion – Diversified
2356. Lucio Co – $1.4 billion – Retail
2479. Susan Co – $1.3 billion – Retail
2479. Tony Tan Caktiong – $1.3 billion – Food and Beverage
2623. Eusebio Tanco – $1.2 billion – Digital Entertainment, Ports, Education
Globally, tech moguls Elon Musk, Mark Zuckerberg, and Jeff Bezos continue to top the list, a reminder that innovation continues to shape the world’s largest fortunes even as legacy businesses continue to thrive.
*This story originally appeared on Spot.ph. Minor edits have been made by the Preview.ph editors.
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