Youngest billionaire

Among the new billionaires is port operator Enrique Razon, 51, whose net worth jumped to $1.6 billion from $975 million in 2010. He is also the country’s youngest billionaire.

A minimum of $85 million was needed to make the list this year, up from last year’s $50 million.

Richest 11

Following Sy on the list is tobacco magnate Lucio Tan, 77, with a net worth of $2.8 billion. Tan owns the national flag carrier Philippine Airlines and Hong Kong-based Eton Properties.

John Gokongwei, 83, founder of JG Summit, a conglomerate with interests in airlines, telecoms, power, banking and real estate, and owner of Robinson’s department stores, is third with $2.4 billion.

Andrew Tan, 58, of the Alliance Global Group, owner of the country’s McDonald’s franchise, is fourth with a net worth of $2 billion.

David Consunji, 90, who founded construction company DMCI Holdings in 1954, is in fifth place with $1.9 billion. He climbed up the list from 12th place last year.

Jaime Zobel de Ayala, 77, chairman emeritus of Ayala Corp., one of the country’s largest conglomerates, is sixth with a net worth of $1.7 billion, followed by Razon, at 7th.

Eduardo Cojuangco Jr., 76, who controls food and beverage conglomerate San Miguel Corp. (SMC), is in eighth place with $1.4 billion, followed in 9th place by Ongpin.

The Supreme Court recently affirmed with finality Cojuangco’s hold on 20 percent of the shares of stock in SMC, ruling that it wasn’t ill gotten, as alleged by the Presidential Commission on Good Government.

In 10th place is Metrobank founder George Ty, 78, with $1.1 billion.

The last billionaire on the list is Jollibee Foods’ Tony Tan Caktiong, 58, with a billion dollars.