Six business tycoons from the Philippines led by SM group patriarch Henry Sy made it to Forbes Magazine’s 2012 list of richest people on the planet.
The list includes Lucio Tan, Andrew Tan, Enrique Razon Jr., Eduardo Cojuangco Jr. and Roberto Ongpin. It was the first time for Cojuangco and Ongpin to join the roster of the world’s billionaires (in US dollar terms).
Forbes published on March 7 its latest gallery of the world’s richest people, an all-time high 1,226 billionaires, who were worth a record $4.6 trillion. When the magazine started this tradition of counting billionaires around the world 25 years ago there were only 140 names.