MANILA, Philippines – Nine of them were in the 2014 list, a retail power couple returns, plus a former senator join the ranks of Filipinos in the Forbes billionaires’ list for 2015. From 97th in 2014’s ranking, mall magnate Henry Sy, 90, climbed to 73rd spot in the list of the world's 1826 billionaires. Sy still remains the richest man in the Philippines. His net worth of $14.2 billion is due to the continuous growth of his SM Investments Corporation, the largest retailer in the Philippines with over 200 individual outlets around the country.
Sy’s conglomerate started from a humble footwear shop, and now has interests in real estate development, shopping malls, and banking. His recent venture, City of Dreams Manila resort and casino, opened in December 2014. The resort cost $1.3 billion to develop and consists of 950 rooms, 365 tables, and 1,700 slot machines. Sy’s daughter, Teresita Sy-Coson, ranked 33rd in Forbes annual “50 Power Businesswomen in Asia” list. The other 11 Filipino billionaires in the Forbes list are (and their net worth in billions of US dollars):