50 richest Pinoys: Erramon, Mikel return but as part of Aboitiz clan; Tanco back; Lhuillier, Araneta drop out; Ricardo Po heirs, Wenceslao widow inherit slots

Two prominent bilyonaryo names have made a comeback to the latest 50 richest Filipinos list a year after failing to make the cut.

Erramon and Mikel Aboitiz got bumped off the list in 2021 but are now back on super-rich countdown but not as individuals but as part of their expanded clan.

Forbes ranked the Aboitiz family at No. 5 with a net worth of $2.9 billion (Erramon had a net worth of $50 million and Mikel with $135 million in 2021).

The Aboitizes were actually listed as one by Forbes from 2013 to 2016 as the family’s wealth peaked at $5 billion.

Another returnee is former Philippine Stock Exchange director Eusebio Tanco who came back strong with a net worth of $450 million or more than double his $250 million value in 2020.

Pawnshop king Philippe Jones Lhuillier ($220M million in 2021) and property and fast food tycoon Jorge Araneta ($215 million in 2021) were bumped off this year’s list.

Bilyonaryo couple Benedicto and Teresita Yujuico are at the back end of this year’s compilation with a net worth of $220 million.

Two bilyonaryos passed away and their heirs took over their seats among the super-rich.

Century Foods founder Ricardo Po, 90, passed away in October 2021. His sons – Ricardo Gabriel, Teodoro Alexander, Christopher and Leonardo Arturo – ranked No. 16 with net worth of $1.2 billion.

Property developer Delfin J. Wenceslao, 77, died in September 2021. His wife, Sylvia, is listed at No. 39 with a net worth of $340 million.

Yuchengcos build new solar power plant in Bohol

PetroGreen Energy Corp., the renewable energy arm of Yuchengco-led PetroEnergy Resources Corp. (PERC), launched its planned 27 megawatts of direct current (MWDC) Dagohoy solar power project (DSPP) in a 22-hectare site in Bohol.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.

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