Henry Sy is still the richest man in the Philippines with a net worth of $5 billion, $1.2 billion more than last year, according to Forbes. Henry Sy is the owner of the SM Primeholdings, the operator of the currently 35 SM malls in the Philippines and of other related businesses. Following in the list is Lucio Tan with a net worth of $2.1 billion. Some of his business are Philippine Airlines, Allied Bank, PNB, Asia Brewery, and a lot more. Furthermore, John Gokongwei is the 3rd on the list with a net worth of $1.5 billion. He is the owner of Cebu Pacific Air and Sun Cellular. Comleting the top 5 list are Jaime Zobel de Ayala and Andrew Tan with a net worth of $1.4 billion and $1.2 billion, respectively.