Philippine real estate giants among Forbes' world billionaires list |
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Philippine real estate giants among Forbes' world billionaires list

by Nadine PacisPublished: March 6, 2015Updated: March 6, 2015

Forbes' 2015 Billionaires List is out and we found out that most of the Philippines' billionaires are also real estate tycoons

It’s no huge secret that real estate is a highly lucrative business. It’s the reason why we are often advised to invest in the property market. You can make millions by getting in to the real estate game and knowing what to do with different types of properties. If you’re good enough, you can even make billions (and we’re talking about dollars here). Proof of the pudding? More than half of the Filipinos who made it in Forbes’ billionaires list have large stakes in real estate. To add the cherry on top, a prominent Philippine real estate giant is part of the top 100 richest billionaires in the world.

Below is the list of one-percenters who have profited from the real estate industry (in ascending order):


7. Manuel Villar Jr (Vista Land and Lifescapes and Starmalls)

(Photo from Forbes)

The 65 year-old former Senator is invested in both retail real estate and residential real estate. He joins the billionaire list at 1190th with a net worth of $1.6 billion. His wealth mainly comes from Starmalls and Vista Land and Lifescapes which is currently run by his son, Paolo. He will soon be venturing in retail through his “All Day Supermarts” and “All Day Marts” stores.

6. Lucio and Susan Co (Cosco)

(Photo of Lucio Co from Photo of Susan Co from Forbes)

The couple is best known for founding one of the largest supermarket chains in the country. The Puregold Price Club supermarket chain has more than 200 stores in the country. While most of their net-worth comes from retail, their holding company, Cosco, has interests in property, hotel, gaming, banking and more. They are at the 810th spot of Forbes’ list with a $2.3 billion net worth.


5. David Consunji (DMCI)

(Photo from Worldfolio)

93-year-old David Consunji makes most of his wealth from the construction and real estate industry. According to Forbes’ Consunji started as a concrete inspector and since then has constructed more than 500 buildings. His wealth rose through the increase of his DMCI Holdings’ stock. He is at the 405th spot this year, a huge jump from his 483rd ranking in 2014, with a $4.1 billion net worth.

4. George Ty (GT Capital – Federal Land Inc.)

(Photo from Worldfolio)

George Ty’s real estate company, Federal Land Inc., is under his family’s holdings company, GT Capital. GT Capital also has companies with stakes in power, and banking. In addition to these three sectors, he also has investments in Toyota Motor Philippines, and Philippine AXA Life Insurance. He has a net worth of $4.4 billion and currently ranks 369th. He previously held ranked 764th in the list.

4. Lucio Tan (Eton Properties)

(Photo from Lifestyle Asia)

Lucio Tan has a diverse portfolio under his company, LT Group. Asia Brewery, Philip Morris-Fortune Tobacco, and Philippine National Bank are under LT Group. He also recently retained his stake in Philippine Airlines. Lucio Tan also owns prominent property development company, Eton Properties. Tan ties with George Ty in the 369th ranking with a net worth of $4.4 billion.

3. Andrew Tan (Alliange Global Group - Megaworld)

(Photo from Forbes)

Andrew Tan runs the Alliance Global Group which is composed of Golden Arches Development Corporation, Emperador Distillers Incorporation, and Megaworld Corporation. Megaworld Corporation is mostly known for building townships. These are mixed-communities that combine residential, commercial, and business complexes. Tan dropped from 319th to 330th in 2015 with a net worth of $4.8 billion.

2. John Gokonwei Jr. (JG Summit – Robinsons Land Corp.)

(Photo from Forbes)

John Gokongwei’s conglomerate JG Summit Holdings, has operations in airlines, telecommunications, banking, power, hotels, and property development. His stake in real estate is via property development company Robinsons Land Inc. His sons now run JG Summit. He is on the 254th spot in the list and has a net worth of $5.8 billion.

1. Henry Sy (SM Investments Corporation - SMDC)

(Photo from iMoney)

Henry Sy retains his title as the richest man in the Philippines. The magnate is also part of the top 100 billionaires in the world for the second year in a row. Sy’s conglomerate has interests in banking, retail, shopping malls, and real estate development. On top of this, he also has a stake in the integrated resort and casino, City of Dreams Manila. Henry Sy is the 73rd richest billionaire in the world with a whopping $14.2 billion in net worth.

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