Andrew Tan, Enrique Razon join list of world billionaires
03/10/2011
MANILA, Philippines - The country's mall magnate Henry Sy and tobacco king Lucio Tan remained among the world's richest, while Andrew Tan and Enrique Razon joined the elite billionaires list this year, according to Forbes Magazine.
Rising from the 201st place in 2010, Sy and his family ranked 173rd in Forbes' list of super-rich this year with a net worth of $5.8 billion.
The Sys control SM Investments Corp., which owns the Philippines' largest mall operator and bank. The conglomerate has expanded into China, leasing malls, and ventured into gaming with a $350-million casino to open in Manila soon.
Tan and his family, on the other hand, moved up to the 512th slot from 582nd previously, as their combined net worth reached $2.3 billion. The Lucio Tan group has investments in flag carrier Philippine Airlines, beer maker Asia Brewery, and cigarette manufacturer Fortune Tobacco, which merged with another giant Philip Morris recently. The group also has mining projects and a property in Hong Kong.
Meanwhile, businessmen Andrew Tan and Enrique Razon are new additions to the billionaires list. Their net worths were $2.2 billion and $1.1 billion, respectively.
Tan owns Alliance Global Group Inc., which is engaged in real estate and tourism, food and beverage and quick service restaurants.
Razon heads port operator International Container Terminal Services, whose profits almost doubled in the past year thanks to the uptick in global trade.
Rising from the 201st place in 2010, Sy and his family ranked 173rd in Forbes' list of super-rich this year with a net worth of $5.8 billion.
Tan and his family, on the other hand, moved up to the 512th slot from 582nd previously, as their combined net worth reached $2.3 billion. The Lucio Tan group has investments in flag carrier Philippine Airlines, beer maker Asia Brewery, and cigarette manufacturer Fortune Tobacco, which merged with another giant Philip Morris recently. The group also has mining projects and a property in Hong Kong.
Meanwhile, businessmen Andrew Tan and Enrique Razon are new additions to the billionaires list. Their net worths were $2.2 billion and $1.1 billion, respectively.
Razon heads port operator International Container Terminal Services, whose profits almost doubled in the past year thanks to the uptick in global trade.
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