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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4. George Ty and Family

Forbes
Forbes

The family who earned big from banking industry is Georgy Ty’s family. With a net worth of $4.25B, he and his family owns the 4th spot on the Philippines’ Richest Family. GT Capital Holdings has interests in banking, auto, property development, power generation and insurance. More than that, the family also owns Metrobank, and hotels under the Grand Hyatt and Marco Polo brands. As a young adult, he was once refused a bank loan and he used this painful experience as encouragement to build a bank, and venture into banking later on in his life.

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3. Lucio Tan and Family

FHM.com.ph
FHM.com.ph

The 3rd Richest Family in the country is none other than Lucio Tan and his family. His main business venture, Asia Brewery has been doing very good and has actually gained a 50% increase in income last year upon partnering an international brand. Today, LT Group has interests in tobacco, spirits, banking and property development. He has also gained ownership of the Philippine Airlines, the country’s longest established airline.

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