Henry Sy’s heirs top 2019 list of richest in PH – Forbes
Robie de Guzman • September 26, 2019 • 1350
MANILA, Philippines – The children of the late SM Group founder Henry Sy Sr. have emerged as the richest in the country in 2019, according to Forbes magazine.
Forbes’ list of Philippines’ 50 Richest, which was released on Wednesday, showed the Sy heirs claiming the top spot with a combined net worth of $17.2 billion, displacing property magnate and former Senator Manny Villar to second.
Sy held the top spot for 11 consecutive years until he passed away last January 19 at the age of 94. He left his colossal fortune to his six children Teresita, Elizabeth, Henry Jr., Hans, Herbert and Harley.
Villar followed with $6.6 billion, John Gokongwei, Jr., who owns Robinsons mall chains and budget carrier Cebu Pacific came third with $5.3 billion.
Port operator Enrique Razon, Jr. placed fourth, followed by Ayala Group’s Jaime Zobel de Ayala, LT Group founder and chairman Lucio Tan, Jollibee Food Corp. chairman Tony Tan Caktiong, and San Miguel Corp.’s Ramon Ang.
Completing the top ten in PH richest list are the children of the late Metrobank founder George Ty and Andrew Tan of Alliance Global which owns the McDonald’s franchise in the country.
Other groups that made it to the list of the country’s richest are the children of builder David Consunji at 13th spot, and the children of Mercury Drug founder Mariano Que at 18th place.
The heirs of Unilab Pharmaceutical company – Jocelyn, Joselito and Jeffrey Campos – ranked 23rd with a combined net worth of $650 million.
Forbes noted that aside from Henry Sy, 4 other long-time members of the country’s richest passed away including Metrobank and GT Capital’s George Ty, Unilab’s Beatrice Campos, Gilberto Duavit of GMA Network and Jon Aboitiz of the Aboitiz Group.
The global magazine said their passing created a new class of second-generation successors who secured a spot on this year’s list.
“The Sy siblings best illustrate this shift,” Forbes said, citing as well the Ty siblings and Campos siblings.
Davao-based tycoon Dennis Uy, meanwhile, debuted on Forbes’ list at 22nd for his estimated fortune of $660 million. Uy founded Udenna which has interests in shipping, logistics, oil, real estate, education and gaming.
Seven-year-old YouTube star Ryan and his toys | Photo courtesy to Ryan ToysReview via Forbes
MANILA, Philippines — American business magazine, Forbes, on Monday (December 3) released its list of Youtube Top Earners for 2018 and guess who ranked first?
Forbes on its website named 7-year-old Ryan as the highest-paid YouTube star of 2018 by just playing with toys. Yes, that’s right!
Since it’s launch in 2015, Ryan’s YouTube channel “Ryan ToysReview” has been earning millions of dollars.
From 2016 to 2017, Ryan ranked 8th among the highest-paid YouTube entrepreneurs after earning a total of $11 million in revenue.
In 2018, Forbe’s listed him as the top earner with a whopping $22 million in revenue in the last 12 months up to June 2018.
His popularity, Forbe’s noted, enabled him to establish his own toy line under the brand ‘Ryan’s World’ which sells exclusively at Walmart across the United States.
Most of Ryan’s videos follow an un-boxing pattern where Ryan is featured opening toys and giving his initial impression of it.
And what’s good about it? Most of the toys Ryan reviews goes to a local charity.
Forbes, known for its lists and rankings, said all earnings are pretax and fees for agents, managers and lawyers are not deducted. Most of the money comes from advertising that goes with the videos.
Following Ryan in 2018’s list of highest-paid Youtube stars include:
Jake Paul ($21.5M)
Dude Perfect ($20M)
Daniel Middleton ($18.5M)
Jeffree Star ($18M)
Evan Fong ($17M)
Logan Paul ($14.5M)
In a Tweet, Forbe’s said: “The world’s highest-paid YouTube star: Ryan ToysReview has generated 26B views and earned $22M in the last year thanks to his signature line of stuffed animals, collectibles and apparel now selling at Walmart.” – Marje Pelayo
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