Tycoons and Businesses: Forbes’ List Top 20 Richest People in the Philippines

Tycoons and Businesses: Forbes’ List Top 20 Richest People in the Philippines

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8. Andrew Tan

Philstar
Philstar

Andrew Tan stands as the 8th richest person in the Philippines with a net worth equal to $3.4B. He has accumulated all of this wealth through his first venture in the brandy industry. Today, his holdings in Global Alliance has diversified interest pin beverage, real estate development, gaming and food investments. This holdings actually owns the country’s McDonald’s franchise and listed brandy company Emperador.

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7. Jaime Zobel de Ayala and Family

Millionaire Acts
Millionaire Acts

The 7th richest family in the family whose net worth is equal to $3.5B is none than the family of Jaime Zobel de Ayala. The family’s Ayala Corporation booked a total $475M in profits in 2015. These is only a part of all their investments and business ventures. The family is also into banking, telecommunications, real estate, educations, and hotels. As of 2015, the Ayalas also bought 33% of Malaysia development and construction company MCT, which develops low- and middle-income housing. Today, since Jamie, has retired from all his executive positions, he has transferred all of it to his children.

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