There are 2,153 billionaires on the Forbes 2019 ultra-rich list and roughly 90 percent of them are men.
The number of women on Forbes’ annual list of the world’s richest have tripled to 243 in the last ten years but they are still a minority.
The Philippines has two female bilyonaryos – Tessie Sy-Coson with $2.2 billion and Elizabeth Sy with $1.9 billion – who made their debut on Forbes list in 2019.
They were classified together with billionaires who inherited and were growing their wealth. Tessie and Elizabeth, together with their four brothers, inherited a big chunk of their late father’s fortune, 11-time richest Filipino Henry Sy, whose fortune peaked at $20 billion in 2018.
Based on Forbes’ report, Tessie is co-chair of SM Investments and chair of BDO. She is the eldest child and daughter of Sy and was married to the late lumber tycoon Louis Coson. Elizabeth is an adviser of SM Investments and runs the family lleisure, tourism and hotel business.
The world’s richest woman in 2019 is L’Oréal heiress Bettencourt Meyers with a fortune of $49.3 billion, good for number 15 on Forbes list.
But Forbes expects MacKenzie Bezos to take world’s richest woman title with the her anticipated split from the world’s richest man, Amazon’s Jeff Bezos, who has a net worth of $131 billion in 2019.