MANILA, Philippines – The Sy siblings – heirs to one of the biggest conglomerates in the country – are still the Philippines’ richest in 2024, according to Forbes Asia.
Their combined net worth inched down this year to $13 billion from $14.4 billion in 2023 because of the weaker peso, which Forbes Asia said affected many of the country’s wealthiest.
“While the country’s benchmark stock market index gained 2% since fortunes were last measured, the peso fell 6%. As a result, more than half of the country’s 50 richest are less wealthy this year,” Forbes Asia said in a statement on Thursday, August 8.
Here’s a list of the Philippines’ top 10 richest in 2024:
The country’s top 50 Richest have a combined wealth of $80.8 billion, almost flat from $80.4 billion in 2023. – Rappler.com