18. Oscar Lopez and Family
A net worth of $1B made Oscar Lopez and his family to be in this list. His name is actually one of the most respected names in the business industry in the country and even internationally. Oscar stands as the Chairman Emeritus of the Lopez Holdings Company, whose main ventures are into broadcasting, telecommunications and cable. As a matter of fact, the very stable and highly income generating company of ABS-CBN is also a subsidiary of the Lopez’s.
17. Dean Lao
Businesses in the Philippines are really diverse. From food, to media, the 17th richest individual in the country owe his success to the Chemical industry. Dean Lao, a man whose net worth is equal to $1.1B owes his success to the different chemicals he has invented and invested his effort into. The different chemicals produced under the D&L Industries are those used in food, plastics, cleaning and aerosol products. Today he is serving as the Chairman Emeritus of the company.