The group run by the siblings has been on a deliberate diversification push, notably into infrastructure, especially power generation and telecommunications. Property tycoon Manuel Villar Jr., a former senator whose wife Cynthia and son Mark are also serving as senators, came second on the Forbes 2023 list. Filipino business tycoon Manny Villar Jr (left) seated with former Philippine President Rodrigo Duterte. He continues to diversify his portfolio and is known as one of the country’s most ambitious billionaires. Filipino billionaire Ramon Ang, President and CEO of San Miguel Corp., a major Philippine conglomerate.

Source: Forbes August 11, 2023 14:59 UTC