12. Robert Coyiuto, Jr.
$1.65B made Robert to be the 12th richest person in the country today. He privately held Prudential Guarantee & Assurance, one of the largest nonlife insurance companies in the country. Not only that, he is also into luxury cars; he owns PGA cars, a Philippines-based distributor of luxury-car brands like Audi, Porsche, Lamborghini and Bentley. Moreover, he holds a 30% stake in National Grid Corporation of the Philippines, the privately-held firm consortium responsible for the power grid for the entire country.According to Forbes, the source of his wealth lies in his “power”.
11. Enrique Razon Jr.
With a business venture on Ports, Enrique Razon Jr., has been the 11th richest person in the Philippines with a net worth of $1.7B. He has inherited this business from his dad and from his grandfather. Up to date, he chairs the International Container Terminal Services (ICTSI), the country’s largest port operator, which also operates through subsidiaries in eastern Europe, Africa and the Americas. Moreover, his hospitality firm, Bloomberry Resorts Co., includes its crown jewel, the Solaire Casino and Resort in the Philippines.