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Top 5 Richest Men In The Philippines 2008

1. Henry Sy, Sr. with $4.0 billion

  • born December 25, 1924
  • 843rd richest man of the world (2008)
  • 14th richest man in Southeast Asia (2008)

  • acknowledge as the Philippine's "Retail King"

  • founder and chairman of SM (shopping malls known as "Shoe Mart"- currently 27 stores) Prime Holdings which is considered to be the largest retailer in the country

  • controls Banco de Oro, Universal Bank and China Banking Corporation

  • bought the remaining 66% of Equitable PCI Bank

2. Lucio Tan with $2.3 billion

  • born July 17, 1934

  • known as one of the Philippine's prominent business magnate

  • has about 300 companies which deal with liquor, tobacco, aviation, banking and real estate. To only name a few are:

  1. Asia Brewery - 2nd largest brewer in the Philippines
  2. Tanduay Holdings - one of the world's largest rum makers
  3. Fortune Tobacco - the largest tobacco company in the Philippines
  4. Philippine Airlines or PAL - is the national airline of the Philippines and is the first commercial airline in Asia
  5. University of the East or UE - considered as one of the most financially stable universities in the Philippines when talking about assets
  6. Philippine National Bank or PNB - the country's 5th largest bank
  7. Allied Bank - the country's 8th largest bank
  8. Eton Properties Philippines - Lucio Tan Group's grobal real estate brand

3. Jaime Zobel de Ayala with $2.0 billion

  • born 1934

  • 1984 to 1994 - served as Chairman and Chief Executive Officer (CEO) of Ayala Corporation which is the largest conglomerate in the Philippines (founded in 1834)

  • 2006 - retired as a Chairman

  • currently - CEO of the corporation

  • 2007 - Jaime tied with Heny Sy (number 1 richest man in the country) as the country's richest person

  • serves as Chairman of the Bank of the Philippine Islands (BPI), Globe Telecom, Inc., and Integrated Microelectronics, Inc.

  • serves as Vice-Chairman of Ayala Land, Inc., Manila Water Co., and the Ayala Foundation, Inc.

4. Eduardo Cojuangco, Jr. with $840 million

  • born June 10, 1935

  • also known as Danding Cojuangco

  • since July 17, 1998 - Executive Chairman and CEO of San Miguel Corporation which is the largest food and beverage corporation in the Philippines

  • since October 21, 1998 - Executive Chairman and CEO of Ginebra San Miguel, Inc.

  • since July 13, 2001 - Chairman of Coca-Cola Bottlers Philippines, Inc.

  • since May 22, 2001 - Chairman of San Miguel Purefoods Company, Inc.

  • owner of Gooree Stud at Mudgee, New South Wales which is a Thoroughbred racing and breeding operation whose horses compete in Australia and New Zealand

5. George Ty with $830 million

  • founded Metropolitan Bank and Trust Company (known as Metrobank) in 1962 which is currently considered to be the largest bank in terms of assets and capital in the country.

  • has stakes in the Bank of the Philippines Islands (BPI) and Philippine Savings Bank which is a Metrobank subsidiary

  • was the owner of G.T. International Tower (an office skyscraper) in Makati, Philippines (G.T. stands for George Ty)

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