Razon tops Forbes richest in Philippines list
Ports and casino tycoon Enrique Razon Jr. has become the richest person in the Philippines for 2026, according to Forbes, with a net worth of $21.8 billion. He surpassed the Sy siblings, who held the top spot previously, while other major tycoons like Ramon Ang and the Co family also maintained significant rankings.
Why it matters
The shift in wealth rankings reflects changing economic trends and the performance of key industries like infrastructure, gaming, and retail in the Philippines.
MANILA, Philippines - Ports and casino tycoon Enrique Razon Jr. has unseated the Sy siblings in the Forbes list of the Philippines' 50 richest.
Razon took top spot for the first time in the Philippines' 50 richest list for 2026 by Forbes with a record net worth of $21.8 billion. He ranked No. 2 last year with a net worth of $11.5 billion.
Razon chairs listed companies including International Container Terminal Services Inc., Manila Water Co. and Solaire casino operator Bloomberry Resorts.
Sliding into the second spot this year are the Sy siblings, heirs to the SM group built by the late Henry Sy Sr., whose fortune stood at $9.2 billion, down from last year's $11.8 billion.
At No. 3 is tycoon Ramon Ang of San Miguel Corp. whose net worth stood at $3.5 billion, slightly lower from last year's $3.75 billion wherein he placed fourth.
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