Bloomberry Resorts’ Enrique Razon Jr. has emerged as the richest Filipino on the 40th annual Forbes World’s Billionaires list, leading a group of Philippine business leaders included in the global ranking of the world’s wealthiest individuals.
According to the Forbes list, the 66-year-old ranked 175th worldwide, with an estimated net worth of $16.5 billion. Razon’s fortune is largely tied to his stakes in port operator International Container Terminal Services Inc. and gaming firm Bloomberry Resorts Corp., the company behind the Solaire casino properties in the Philippines.
Andrew Tan, founder of property developer Megaworld, and whose business empire includes Resorts World Newport, ranked #2386, with an estimated net worth of $1.7 billion.
Eusebio Tanco, chairman of DigiPlus Interactive Corp., was also featured in the ranking, at #3332, with an estimated net worth of $1 billion.
Several other Filipino business leaders also appeared in the global ranking. Real estate magnate (and aspiring casino mogul) Manuel Villar placed #1376, with a fortune estimated at $3.1 billion, while Henry Sy Jr. of the SM Group (linked to City of Dreams Manila under Belle Corp) ranked #1676, with about $2.5 billion.
