Edgar Sia II youngest on "40 Richest Filipinos 2011 List" by Forbes Asia

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Edgar Sia II (photo), only 34, is the youngest man on Forbes Asia's list of of 40 Richest Filipinos 2011 or the Philippines' 40 Richest List for 2011.

Edgar Sia II is the founder of the fast food chain Mang Inasal and just last October, he sold 70% of his shares in Mang Inasal to Jollibee Foods Corporation for $68.8 million. And that's the reason why he's now worth $85 million and is ranked 40th richest in the Philippines.

Meanwhile, San Miguel Corporation Chairman Eduardo "Danding" Cojuangco Jr is now among the billionaires on Forbes's list. .

The "richest" list came only 2 days after the Supreme Court has made it final that Danding Cojuangco's 20% shares in San Miguel are legitimate and not ill-gotten.

The other new billionaires on Forbes Asia list are DMCI Holdings Inc. founder David Consunji, ICTSI CEO Enrique Razon Jr, businessman Roberto Ongpin, MetroBank founder George Ty and Jollibee founder Tony Tan Caktiong.

The Philippines now has a total of 11 billionaires, from only 5 in 2010.

SM Prime Holdings owner Henry Sy, now 86 years old, is still the richest Filipino, now on his 4th year to top Forbes' list for the Philippines. He's actually getting richer and richer. He had $3.1B net worth in 2008, $3.8B in 2009, $5B last year and (wow!) $7.2B this year.

Philippine Airlines CEO Lucio Tan is also on his 4th year as the 2nd richest man in the Philippines.

Here are the 40 Richest Filipinos for 2011:
Net Worth ($mil)
1 Henry Sy 7,200
2 Lucio Tan 2,800
3 John Gokongwei Jr. 2,400
4 Andrew Tan 2,000
5 David Consunji 1,900
6 Jaime Zobel de Ayala 1,700
7 Enrique Razon Jr. 1,600
8 Eduardo Cojuangco Jr. 1,400
9 Roberto Ongpin 1,300
10 George Ty 1,100
11 Tony Tan Caktiong 1,000
12 Inigo & Mercedes Zobel 980
13 Emilio Yap 930
14 Andrew Gotianun 795
15 Jon Ramon Aboitiz 760
16 Beatrice Campos 685
17 Manuel Villar 620
18 Vivian Que Azcona 555
19 Robert Coyiuto Jr. 400
20 Mariano Tan 375
21 Alfonso Yuchengco 370
22 Enrique Aboitiz 310
23 Oscar Lopez 280
24 Jose Antonio 245
25 Eric Recto 200
26 Gilberto Duavit 190
27 Menardo Jimenez 185
28 Alfredo Ramos 180
29 Betty Ang 165
30 Felipe Gozon 163
31 Tomas Alcantara 160
32 Benjamin Romualdez 155
33 Wilfred Uytengsu Jr. 150
34 Manuel Zamora Jr. 145
35 Jacinto Ng Sr. 115
36 Frederick Dy 110
37 Luis Virata 100
38 Bienvenido Tantoco Sr. 95
39 Eugenio Lopez III 90
40 Edgar Sia II 85



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About M.I.

Mykiru is an entertainment blogger, having been named recently as one of the Top 10 Pinoy Showbiz Resources in the Philippines. For 8 years now, Mykiru has been delivering the latest, the hottest and most trending issues in the country.
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