6. Aboitiz Family
The 6th richest in the country is none other than the Aboitiz Family. This family believed that the only way to keep their business succeeding is through a family effort. Their business ventures are mostly on power, banking, food, land development and biofuel. The positions have been transferred from generation to generation. Today, the elders are training their sons and daughters that family mission and vision so they can be fully guided when their turn to run company comes. Today 19 members of the family, mostly fourth- and fifth-generation, are involved in day-to-day operations.
5. Tony Tan Caktiong and Family
A net worth of $4.2B places Tony Tan Caktiong and his family on the 5th spot re the richest family in the Philippines. The family’s main business venture is on the food industry. The ever famous and the very stable Jollibee Corporation is the brainchild of Tony and his family. Jollibee is the fastest-growing Asian restaurant chain in the world, selling Filipino, Chinese, American and European dishes adapted to a modern, quick-serve, affordable format. Their Jollibee business is rapidly diversifying across the globe which brings them a huge amount of fortune. Moreover, Tony also owns stake in the fast-growing DoubleDragon Properties Corp., a real estate development company together with his good friend Edgar Sia II.