Bilyonaryo - Business

Who got richer? Sy-blings, Betty Ang scrape some profits in May as Bobby Ongpin, Genomal brothers drop out

The retail and property royalty and the noodle and biscuit queen advanced their fortunes last month as inflation and election uncertainty rattled the market.
Five of the 17 Filipino billionaires on Forbes real-time ranking plus six others shed at least $100 million each.
Four did not make the $1 billion cut-off in May – the Genomal brothers Sunder, Genomal, and Ramesh (who debuted on the list last month) and Marcos crony Bobby Ongpin.
Tessie Sy and her brothers Big Boy, Hans and Herbert increased their net worth with their holding, property and banking stocks on the
green side last month.
Monde Nissin president Betty Ang increased her fortune by 20 percent as her company’s stock shot up despite mounting pressure on the firm’s margins due to rising wheat and oil prices.
This is how Filipinos on Forbes nine-zero club stacked up in May 2022:
1) Manny Villar $8.3 billion down 2.4%
2) Enrique K. Razon $6.4 billion unchanged
3) Henry Sy Jr. $2.8 billion up 3.7%
4) Hans Sy $2.5 billion up 4.2%
5) Herbert Sy $2.5 billion up 4.2%
6) Andrew Tan $2.5 billion down 3.8%
7) Harley Sy $2.3 billion unchanged
8) Tessie Sy-Coson $2.3 billion up 4.5%
9) Elizabeth Sy $2 billion unchanged
10) Ramon S. Ang $1.9 billion down 5%
11) Lance Gokongwei $1.5 billion unchanged
12) Maria Grace Uy $1.3 billion down 7%
13) Betty Ang $1.2 billion up 20%
14) Dennis Anthony Uy $1.1 billion down 8.3%
15) Tony Tan Caktiong $1.1 billion unchanged
16) Lucio Tan $1 billion down 9%
17) Iñigo Zobel $1 billion unchanged