Meet the Richest Women In The Philippines (Updated 2018)
The top of the list is a generous giver!
Asia is a growing market for the rich and famous. There are now more billionaires in Asia than anywhere else in the world. And it is no surprise that more women are conquering the riches of the world, now more than ever. In fact, you will find that there are plenty of such women in Asia. So if you’ve ever wondered who the richest women in the Philippines are, here’s a comprehensive list:
Richest women in the Philippines 2018
7. Juliette Romualdez
Forbes Philippines 50 Richest 2018 ranking: 45
Net worth: PHP 7.8 billion
Main company: Benguet Corporation
Ms Romualdez’s late husband, Benjamin “Kokoy” Romualdez, bought Benguet Corp in 1974 from the previous American owners. Now, their son, Daniel Andrew, runs the oldest mining company established in 1902 as CEO. Ms Romualdez owns a minor stake in the company. Forbes also attributes her wealth to the sale of her minority stake in BDO Unibank in 2012, which is the country’s largest bank. The 82-year-old resides in the capital, Manila.
6. Betty Ang
Forbes Philippines 50 Richest 2018 ranking: 32
Net worth: PHP 14.6 billion
Main company: Monde Nissin
Dropping from 20th place last year, the CEO and founder of Monde Nissin still boasts considerable wealth. Most Filipinos have probably consumed their products at some point, as Lucky Me! instant noodles were voted as the favourite noodle brand. The F&B giant owns many lines of produce after partnering with Indonesian bread-products company, Nippon Indosari, in 2016.
5. Vivian Que-Azcona
Forbes Philippines 50 Richest 2018 ranking: 31
Net worth: PHP 15.7 billion
Main company: Mercury Drugs
The current standing of Mercury Drugs belies the pharmaceutical company’s humble beginnings. Mariano Que hauled a push-cart distributing affordable medicine in war-torn Manila. Since her father’s entrepreneurial startup in 1945, Ms Que-Azcona is the chairman of the company which has 1,200 branches across the country.
4. Beatrice Campos
Forbes Philippines 50 Richest 2018 ranking: 20
Net worth: PHP 37.8 billion
Main company: United Laboratories (Unilab)
Unilab was started by Beatrice dee Campos and her late husband, Jose, in 1945. Since then, the revenue in 2016 of PHP 41.9 billion means Unilab is the country’s largest pharmaceutical company. However, Forbes also pointed out another source of wealth in FnB manufacturer, Del Monte Pacific. Her son, Joselito Campos Jr, is the managing director and CEO. Del Monte Pacific launched its first IPO in February 2018.
3. Mercedes Gotianun
Forbes Philippines 50 Richest 2018 ranking: 17
Net worth: PHP 64.9 billion
Main company: Filinvest Development
The 90-year-old started a firm with her late husband, Andrew Gotianun Sr, in 1955 selling second-hand cars. Now, she sits as chairman emeritus of Filinvest Development. Their portfolio is diverse, with interests in different industries like sugar, real estate, banking and hospitality. Their daughter, Josephine, is the current CEO.
2. Susan Co
Forbes Philippines 50 Richest 2018 ranking: 13
Net worth: PHP 81 billion
Main company: Puregold Price Club
The only married couple in this list, Lucio and Susan Co are founders of supermarket chain Puregold Price Club. The self-made billionaires own more than 350 stores across the Philippines. They also have interests in the gaming, hotels and wine distribution industries.
1. Mercedes Zobel
Forbes Philippines 50 Richest 2018 ranking: 11
Net worth: PHP 135 billion
Main company: Ayala Corp
Mercedes’ wealth is tied to her brother, Inigo. The 62-year-old is a cousin to prominent and affluent Jaime Zobel de Ayala. She and her brother inherited shares of Ayala Corp from their late aunt. The Philippines’ oldest conglomerate has interests in telecom, real estate, education, finance, healthcare, and utilities. Inigo is also a director of Top Frontier Investment Holdings (TFHI), which is the largest shareholder of San Miguel. Ms Zobel is well-known for her philanthropy, as she donates PHP 32 million yearly to projects for education, healthcare and the arts.
There’s our list of the richest women in the Philippines 2018! Share with your friends if you need to prove you were right!
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