Ultra bilyonaryos had a mixed performance in September with most maintaining their positions despite the Philippine Stock Exchange’s recovery from a recent downturn.
Forbes’ real-time billionaires list reflected a 2.5 percent month-on-month increase in the combined net worth of Filipinos, reaching $39.7 billion in September.
The PSE also rebounded by 2.6 percent, closing at 6,321 during the same period, with a final-week rally after coming close to the 6,000-mark.
Property tycoon Manny Villar and the siblings Big Boy and Elizabeth Sy were the sole gainers during this period.
In contrast, ports and casino tycoon Enrique K. Razon Jr. and real estate and brandy and whiskey magnate Andrew Tan experienced declines
Eight of the 13 Pinoy billionaires retained their wealth levels last month.
Here is the list of Filipino billionaires on Forbes as of September 30: