Razon is the richest Filipino on Forbes world’s billionaires list

By Alexandria Grace C. Magno, Reporter

Ports and casino tycoon Enrique K. Razon, Jr. saw his net worth surge over 50% to $16.5 billion, making him the richest Filipino on the Forbes 2026 World’s Billionaires List.

According to the Forbes list, there were 15 billionaires from the Philippines, led by Mr. Razon.

Mr. Razon climbed 52 spots to 175th out of 3,428 billionaires in the global list, which was topped by tech mogul Elon Musk. He was the only Filipino in the top 200 billionaires in the world.

Based on Forbes’ estimates as of March 10, Mr. Razon’s net worth stood at $16.5 billion, 51.38% higher from $10.9 billion a year earlier.

Mr. Razon is the chairman of International Container Terminal Services Inc. (ICTSI), the Philippines’ largest ports operator by revenue, with subsidiaries across the Asia-Pacific, Eastern Europe, Africa, and the Americas.

His Bloomberry Resorts opened a second Solaire casino in Metro Manila in 2024, while he increased infrastructure investments by acquiring control of Manila Water and has stakes in a gas field and bulk water facilities.

Ramon S. Ang, chairman and chief executive officer of conglomerate San Miguel Corp. (SMC), ranked 1189th on the Forbes list with an estimated net worth of $3.6 billion. His wealth slipped by 2.7% from $3.7 billion a year ago.

LT Group, Inc. Chairman Lucio C. Tan landed on the 1223rd spot, with his net worth up by 16.67% to $3.5 billion from $3 billion a year earlier.

Property tycoon and former Senate President Manuel B. Villar, Jr. fell 1259 spots to 1376th place from 117th place a year ago. Last year, he was the highest ranking Filipino in the Forbes billionaire’s list. His estimated net worth plunged by 81.98% to $3.1 billion, from $17.2 billion last year.

The World’s Billionaires List also included the six children of the late Henry Sy, Sr., who founded the SM Group.

Henry T. Sy, Jr. was ranked 1,676th with a net worth of $2.5 billion, followed by Hans T. Sy at 2,274th place with $1.8 billion, Herbert T. Sy at 2,274th as well with $1.8 billion, Harley T. Sy at 2,386th with $1.7 billion, Teresita T. Sy-Coson at 2,481st with $1.6 billion, and Elizabeth T. Sy at 2,600th with $1.5 billion.

Alliance Global Group, Inc. Chairman Andrew L. Tan landed on 2,386th place with a $1.7 billion net worth.

Puregold Price Club founder Lucio L. Co ranked 2,481st with a $1.6-billion net worth, while his wife Puregold Chairman Susan P. Co was at 2,600th place with a $1.5-billion net worth.

Tony Tan Caktiong, chairman of fast food giant Jollibee Foods Corp., ranked 3,185th with a $1.1-billion net worth.

Gaming, education, and shipping tycoon Eusebio H. Tanco landed on the 3,332nd spot with a $1-billion net worth. He is the chairman of DigiPlus Interactive Corp. and STI Education Systems Holdings, Inc.

This year’s Forbes Billionaires list includes a record 3,428 entries, up 400 from last year’s high and the largest since it began in 1987.

The total wealth of the world’s billionaires surged to $20.1 trillion this year from $16.1 trillion in 2025, with 20 people worldwide now holding 12-figure fortunes.

Mr. Musk topped the list for the second year running as the richest billionaire, with a net worth of $839 billion.

The Forbes World’s Billionaires List used stock prices and exchange rates from March 1, 2026.