Forbes: Henry Sy richest Filipino for 8th straight year

MANILA, Philippines - Shopping mall mogul Henry Sy topped the latest Forbes magazine list of 50 richest Filipinos for the eighth consecutive year with a net worth of $14.4 billion.

"At age 90, Henry Sy, the country’s richest man, still is chairman of his retail and property juggernaut SM Prime Holdings," Forbes said.

Sy's estimated net worth in 2014 was $12.7 billion.

John Gokongwei Jr. rose up from the fifth spot in 2014 to the second spot this year with a net worth of $5.5 billion, up from his $4.9 billion net worth last year.

Ranking third is Alliance Global Group Inc.’s Andrew Tan whose wealth slid to $4.5 billion from $5.1 billion last year.

From last year's second spot, tobacco and airline magnate Lucio Tan slid to the fourth spot with a net worth of $4.3 billion, down from $6.1 billion last year.

International port magnate Enrique Razon Jr. took this year's fifth spot with a net worth of $4.1 billion, a drop from $5.2 billion last year.

Other Filipinos who completed the top 10 were George Ty ($4 billion), Aboitiz family ($3.6 billion), Jaime Zobel de Ayala ($3.5 billion), David Consunji ($3.2 billion) and Tony Tan Caktiong ($2.2 billion).

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