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:
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 |