Razon is richest Filipino in Forbes listing after Villar’s web value drops $14B

Except for Ricky Razon and Manny Villar, the Forbes World’s Billionaires 2026 listing contains Lucio Tan, the six Sy siblings, Andrew Tan, Lucio and Susan Co, Tony Tan Caktiong, and Eusebio Tanco

MANILA, Philippines – Ports tycoon Enrique Razon Jr. is the Philippines’ richest individual primarily based on Forbes’ fortieth annual World’s Billionaires 2026 listing launched Tuesday night time, March 10. 

Razon was adopted by taipan Lucio Tan, whose enterprise empire spans tobacco, alcohol, banking, airways, and property.

The online value of 2025’s richest Filipino, actual property magnate Manuel Villar, dropped sharply following a scandal involving alleged deceptive disclosures of his property conglomerate Villar Land Holdings, previously Golden MV Holdings. 

Razon, 66, chairman of ports multinational Worldwide Container Terminal Providers Inc., noticed his web value enhance by $5.6 billion, or from $10.9 billion in 2025 to $16.5 billion in 2026. 

The online value of Tan, 91, went up barely from $3 billion in 2025 to $3.5 billion in 2026. His conglomerate contains Fortune Tobacco, Asia Brewery, Philippine Nationwide Financial institution, Philippine Airways, Eton Properties, amongst others.

The online value of diversified conglomerate San Miguel Company chair Ramon Ang, 72, has been comparatively regular for the previous 4 years, from $3.4 billion in 2023, $3.5 billion in 2024, $3.7 billion in 2025, to $3.6 billion in 2026. 

The 15 Filipinos on Forbes’ World’s Billionaires 2026 listing, plus their web value as of March 1, 2026, and sources of wealth, are:

1. Enrique Razon Jr.: $16.5 billion — ports/logistics 
2. Ramon Ang: $3.6 billion — diversified/meals and beverage
3. Lucio Tan: $3.5 billion — diversified 
4. Manuel Villar: $3.1 billion — actual property
5. Henry Sy Jr.: $2.5 billion — diversified
6. Hans Sy: $1.8 billion — diversified
7. Herbert Sy: $1.8 billion — diversified
8. Harley Sy: $1.7 billion — diversified
9. Andrew Tan: $1.6 billion — diversified
10. Lucio Co: $1.6 billion — retail
11. Teresita Sy-Coson: $1.6 billion — diversified
12. Elizabeth Sy: $1.5 billion — diversified
13. Susan Co: $1.5 billion — retail
14. Tony Tan Caktiong: $1.1 billion — meals
15. Eusebio Tanco: $1 billion — digital leisure, ports, training

Villar topped the Philippine rating in 2025, however his web value plummeted by $14.1 billion, or from $17.2 billion in 2025 to $3.1 billion in 2026, partly because of a revaluation of his actual property property and the affect of the monetary scandal on his shares.

The Philippines’ company regulator, Securities and Change Fee, filed prison complaints in opposition to Villar Land Holdings Corp., its associated corporations, and senior executives, accusing the group of market manipulation, insider buying and selling, and deceptive disclosures. Villar has denied the fees, saying Villar Land has “constantly upheld the best requirements of fine company governance.”

Digital gaming tycoon Eusebio Tanco, additionally chairman of STI Schooling System Holdings, who landed on Forbes’ listing in 2025 for the primary time, noticed his web value fall barely from $1.2 billion in 2025 to $1 billion in 2026 after the authorities imposed tighter laws on on-line gaming platforms. His DigiPlus at present dominates the Philippine on-line gaming sector, with a market share of round 40% within the first half of 2025.

SM Group founder Henry Sy was the richest on Forbes’ listing for a few years till his loss of life on January 19, 2019. His six youngsters — Henry Jr., Hans, Herbert, Harley, Teresita, and Elizabeth — have since changed him on the listing.

Spouses Lucio and Susan Co, cofounders of grocery store/hypermarket chain Puregold Value Membership, have seen their web value rise by roughly $400 million, or from $1.2 billion in 2024 to $1.6 billion in 2026. Lucio’s water utility agency just lately acquired Villar’s troubled PrimeWater Infrastructure Company.

Andrew Tan is head of Alliance International Group, which incorporates Megaworld, Emperador Integrated, and McDonald’s Philippines, amongst others.

Jollibee Meals Company founder Caktiong’s conglomerate now contains not simply Filipino favourite Jollibee but in addition worldwide manufacturers, together with Chinese language dim sum restaurant Tim Ho Wan. JFC additionally just lately acquired South Korean chain Compose Espresso. (READ: The place’s the fortunate 8 in Jollibee Group’s new brand?)

Elon Musk is richest, Trump is 645th

Forbes stated its 2026 listing contains “3,428 billionaires, up by 400 from final yr’s record-breaking quantity, and by far probably the most because the listing’s inception in 1987.”

“It’s the yr of the billionaire,” stated Chase Peterson-Withorn, Forbes senior editor for wealth. “The planet added multiple billionaire per day over the previous twelve months because the AI-powered inventory market increase boosted fortunes to beforehand unimaginable heights.”

American Elon Musk is the richest on the listing, with a web value of $839 billion as he strikes nearer to being the world’s first trillionaire. 

“His web value skyrocketed by half of a trillion {dollars} from final yr, because of an increase within the worth of Tesla, and SpaceX, which is aiming to go public in 2026,” Forbes stated. 

Larry Web page ($257 billion) and Sergey Brin ($237 billion), cofounders of Google, had been second and third, respectively; Amazon’s Jeff Bezos ($224 billion) was fourth; and Meta’s Mark Zuckerberg ($222 billion) was fifth. 

Forbes stated US President Donald Trump’s “fortune elevated by 27%, to an estimated $6.5 billion, thanks largely to crypto dealings and his New York fraud penalty being thrown out.” He ranked No. 645 worldwide. 

Forbes stated its World’s Billionaires listing “is a snapshot of wealth utilizing inventory costs and trade charges from March 1, 2026.” – Rappler.com