Sy heirs retain top spot in Philippines’ 50 richest list

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The heirs of late retail magnate Henry Sy Sr. added $2.7 billion to their fortunes this year, staying at the top spot with a combined net worth of $ 16.6 billion, according to Forbes’ new list released Thursday. Philstar.com / Enrico Alonzo

 

MANILA, Philippines — The Sy siblings dominated Forbes Magazine’s latest list of 50 richest people in the Philippines, with the country’s tycoons defying pandemic headwinds after seeing their collective wealth rise 30% to $79 billion this year.

 

The heirs of late retail magnate Henry Sy Sr. added $2.7 billion to their fortunes this year, staying at the top spot with a combined net worth of $ 16.6 billion, according to Forbes’ new list released Thursday.

 

The 71-year-old former senator Manuel Villar, who has built a multi-billion dollar retail and property empire, retained the second spot after seeing his wealth rise by $1.7 billion to $6.7 billion.

 

Full Story: https://www.philstar.com/business/2021/09/09/2125976/sy-heirs-retain-top-spot-philippines-50-richest-list

 

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