SM Prime decides to maintain its capital expenditures for 2021 at ₱80 billion. The integrated property developer likewise elects three new independent directors to its board, which include former Bangko Sentral ng Pilipinas governor Amando Tetangco Jr.
Manuel “Manny” B. Villar Jr.
MANILA, Philippines, April 7 (The Philippine Inquirer/ANN) – Seventeen tycoons from the Philippines – led for the third straight year by “brown taipan” Manuel “Manny” B. Villar – made it to Forbes magazine’s 2021 list of wealthiest people on the planet.
Forbes, which has been counting persons with net worth of at least $1 billion for the last 35 years, announced a record-breaking roster of 2,755 billionaires, including 493 newcomers.
This was seen as unprecedented by any measure, especially in a period when the COVID-19 pandemic has continued to wreak havoc on the global economy.
Altogether, these billionaires are worth $13.1 trillion, up from $8 trillion on the 2020 list. Still at the top of the heap is outgoing Amazon CEO Jeff Bezos, who has an estimated net worth of $177 billion while Tesla and SpaceX founder Elon Musk pole-vaulted into the number two spot with an estimated wealth of $151 billion, up from No. 31 last year.
Manny Villar remains wealthiest Filipino in Forbes list, PH now has 17 billionaires
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Metro Manila (CNN Philippines, April 7) Former lawmaker and real estate magnate Manny Villar is still the richest Filipino in the Forbes World s Billionaires List this 2021.
He is among the 17 Filipinos in the international publication s list, up from last year s 15. Forbes listed 2,755 billionaires worldwide this 2021, also higher from the 2,095 the year prior.
Villar placed 352nd worldwide, with a net worth of $7.2 billion (around ₱349.7 billion) this year. Villar is behind real estate conglomerate Vista Land & Lifescapes, which has delved into the development of subdivisions, condominiums, malls, convenience stores, and even coffee chains.
Philippines sees 17 tycoons on Forbes global billionaire list; their wealth grew despite pandemic gasiantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gasiantimes.com Daily Mail and Mail on Sunday newspapers.
At the dinner feted by Credit Suisse for Dioceldo Sy’s upcoming birthday.
Noted entrepreneur Dioceldo Sy prides himself on the quality of the strong relationships he has engendered over his decades in the business. As president and CEO of Ever Bilena, he has set the course of the company by constantly strengthening the market position of his cosmetics via the dynamics he has created with his partners, stakeholders, and consumers. He knows one has to continuously be expending efforts on all these fronts; and being a “give and take” kind of person, it has led to genuine friendships that go beyond business.