Sy still RP’s wealthiest; RP’s top 40 now 39% richer

SINGAPORE—The Philippines’ 40 richest are now worth $22.8 billion, up 39 percent from $16.4 billion a year ago, according to the 2010 Forbes Asia Philippines Rich List.
The buoyant economy, which grew 7.3 percent in the first quarter of this year, coupled with the 17-percent rise in the stock market since last year, contributed to the growth in wealth of the country’s richest tycoons.
The biggest dollar gainer this year and sitting firmly at pole position again is 85-year-old mall mogul Henry Sy. He has held the richest Filipino title four times, including this year, since Forbes Asia published the inaugural list of the country’s richest in 2006.
Article:
http://businessmirror.com.ph/index.php?option=com_content&view=article&id=27365:sy-still-rps-wealthiest-rps-top-40-now-39-richer&catid=23:topnews&Itemid=58

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