Friday 19 July
Nov 4, 2018 @ 17:46

Bilyonaryo ranking: Gokongwei biggest loser, Tan Caktiong biggest gainer in October


John Gokongwei is the biggest loser among Forbes-ranked bilyonaryos last October.

Based on Forbes’s real time ranking as of end-October, Gokongwei saw his fortune drop by nine percent to $3.8 billion from $4.2 billion the previous month.

The country’s richest man, Henry Sy, lost a bit of his wealth from $17.1 billion to $17 billion which was still more than three times the next bilyonaryo, Camella’s Manny Villar, with $4.8 billion.

Four other bilyonaryos lost a chunk of their wealth amid the weak peso and high interest rate last month – Metrobank’s George Ty down four percent to $2.5 billion; Megaworld’s Andrew Tan down four percent to $2.4 billion; PGA Cars’ Robert Coyiuto down eight percent to $1.2 billion; and Alphaland’s Roberto V. Ongpin down eight percent $1.1 billion.

Jollibee’s Tony Tan Caktiong led the gainers during the month as his net assets climbed nine percent to $3.6 billion from $3.3 billion the previous month.

The other gainers last month were Fortune Tobacco’s Lucio Tan up 6.5 percent to $3.3 billion; San Miguel Corp.’s Ramon S. Ang up four percent to $2.8 billion; and Puregold’s Lucio Co up six percent to
$1.6 billion.

Here is how the 13 Forbes bilyonaryo’s stacked up in October:

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