September 9, 20214 yr 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 -- © Copyright Philstar 2021-09-09
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