The Sy siblings, heirs to the SM Group built by the late retail tycoon Henry Sy Sr., topped the 2025 Forbes Philippines’ 50 Richest list, with their fortune estimated at $11.8 billion.
Forbes Asia pegged the riches of the top 50 wealth owners in the Philippines this year at $86 billion, growing by more than 6 percent from $80.8 billion last year.
The Sy siblings’ net worth, however, suffered a $1.2 billion drop in the period under review, Forbes Asia said.
Ranked second is ports and casino billionaire Enrique Razon Jr., with $11.5 billion, posting a “modest increase” in his net worth.
Property tycoon and former Senator Manuel Villar retained his status as the country’s third richest, with a net worth of $11 billion.At No. 4 is Ramon Ang of the San Miguel conglomerate, with a fortune of $3.75 billion.
Rounding out the top five are Isidro Consunji & siblings of DMCI Holdings, whose net worth rose to $3.7 billion this year.
