Stuck in a rut for 2 straight years: Lucio Tan, Ayala, Gotianun, Gokongweis, Ongpin are top losers in Philippines’ Richest List 2021
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Stuck in a rut for 2 straight years: Lucio Tan, Ayala, Gotianun, Gokongweis, Ongpin are top losers in Philippines’ Richest List 2021

Even the country’s richest are not immune to the impact of COVID-19, most of whom suffered a second straight year of shrinking fortunes.

Even the country’s richest are not immune to the impact of COVID-19, most of whom suffered a second straight year of shrinking fortunes.

Based on Forbes’ latest ranking of 50 richest Filipinos, bilyonaryo Lucio Tan had the biggest cut among the country’s elite with a $300 million or 14 percent fall in net worth to $1.9 billion in 2021.

The owner of bankrupt Philippine Airlines has fallen to No. 12 on the list with his assets down by more than half from $4.4 billion before the pandemic.

No. 5 richest Filipino Jaime Zobel de Ayala, the father of brothers Jaime Augusto and Fernando, also lost $300 million or eight percent to $3.3 billion. Don Jaime had a net worth of $3.7 billion in 2019.

Filinvest group’s Mercedes Gotianun shed $250 million or 17 percent to $1.25 billion. Gotianun, who plunged nine places to 20th in this year’s list, has lost 43 percent of her wealth from $2.2 billion in 2019.

Bilyonaryo Lance Gokongwei and his siblings – Robina, Lisa, Faithe Marcia and Hope – remained at No. 4 on the list despite giving up $100 million or 2.5 percent to $4 billion in 2021. The Gokongweis have lost $1.3 billion since the pandemic.

Balesin Resort owner Roberto “Bobby” Ongpin was the fifth biggest loser after his net worth retreated $100 million or eight percent to $1.1 billion. Ongpin’s pockets are 42 percent lower from $1.75 billion in 2019.

The Top 10 biggest losers based on Forbes’ Philippines Richest List 2021:

1) Lucio Tan down $300 million to $1.9 billion

2) Jaime Zobel de Ayala down $300 million to $3.3 billion

3) Mercedes Gotianun down $250 million to $1.25 billion

4) Lance Gokongwei & siblings down $100 million to $4 billion

5) Roberto V. Ongpin don $100 million to $1.1 billion

6) Roberto Coyiuto Jr. down $55 million to $835 million

7) Injap Sia down $25 million to $675 million

8) Carlos Chan down $20 million to $240 million

9) Wilfred Uytengsu down $15 million to $235 million

10) Alfredo Yao down $10 million to $200 million

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