Edgar Sia II youngest on "40 Richest Filipinos 2011 List" by Forbes Asia

    Edgar Sia II (photo), only 34, is the youngest man on Forbes Asia's list of of 40 Richest Filipinos 2011 or the Philippines' 40 Richest List for 2011.

    Edgar Sia II is the founder of the fast food chain Mang Inasal and just last October, he sold 70% of his shares in Mang Inasal to Jollibee Foods Corporation for $68.8 million. And that's the reason why he's now worth $85 million and is ranked 40th richest in the Philippines.

    Meanwhile, San Miguel Corporation Chairman Eduardo "Danding" Cojuangco Jr is now among the billionaires on Forbes's list. .

    The "richest" list came only 2 days after the Supreme Court has made it final that Danding Cojuangco's 20% shares in San Miguel are legitimate and not ill-gotten.

    The other new billionaires on Forbes Asia list are DMCI Holdings Inc. founder David Consunji, ICTSI CEO Enrique Razon Jr, businessman Roberto Ongpin, MetroBank founder George Ty and Jollibee founder Tony Tan Caktiong.

    The Philippines now has a total of 11 billionaires, from only 5 in 2010.

    SM Prime Holdings owner Henry Sy, now 86 years old, is still the richest Filipino, now on his 4th year to top Forbes' list for the Philippines. He's actually getting richer and richer. He had $3.1B net worth in 2008, $3.8B in 2009, $5B last year and (wow!) $7.2B this year.

    Philippine Airlines CEO Lucio Tan is also on his 4th year as the 2nd richest man in the Philippines.

    Here are the 40 Richest Filipinos for 2011:
    Net Worth ($mil)
    1 Henry Sy 7,200
    2 Lucio Tan 2,800
    3 John Gokongwei Jr. 2,400
    4 Andrew Tan 2,000
    5 David Consunji 1,900
    6 Jaime Zobel de Ayala 1,700
    7 Enrique Razon Jr. 1,600
    8 Eduardo Cojuangco Jr. 1,400
    9 Roberto Ongpin 1,300
    10 George Ty 1,100
    11 Tony Tan Caktiong 1,000
    12 Inigo & Mercedes Zobel 980
    13 Emilio Yap 930
    14 Andrew Gotianun 795
    15 Jon Ramon Aboitiz 760
    16 Beatrice Campos 685
    17 Manuel Villar 620
    18 Vivian Que Azcona 555
    19 Robert Coyiuto Jr. 400
    20 Mariano Tan 375
    21 Alfonso Yuchengco 370
    22 Enrique Aboitiz 310
    23 Oscar Lopez 280
    24 Jose Antonio 245
    25 Eric Recto 200
    26 Gilberto Duavit 190
    27 Menardo Jimenez 185
    28 Alfredo Ramos 180
    29 Betty Ang 165
    30 Felipe Gozon 163
    31 Tomas Alcantara 160
    32 Benjamin Romualdez 155
    33 Wilfred Uytengsu Jr. 150
    34 Manuel Zamora Jr. 145
    35 Jacinto Ng Sr. 115
    36 Frederick Dy 110
    37 Luis Virata 100
    38 Bienvenido Tantoco Sr. 95
    39 Eugenio Lopez III 90
    40 Edgar Sia II 85



    Source URL: https://mykiru1.blogspot.com/2011/06/edgar-sia-ii-youngest-on-richest.html
    Visit nEw MyKiRu IsYuSeRo for Daily Updated Hairstyles Collection

Popular Posts

My Blog List

Blog Archive