Henry Sy Sr. still richest FilipinoRetail tycoon Henry Sy Sr. took the No. HENRY SY SR. (MB FILE)Forbes noted that the 91-year-old tycoon first entered the retail market in 1958 with a footwear shop in Manila. 2 spot on the list with a net worth of $6.8 billion, up from $5.5 billion last year. The year’s biggest winner percentage-wise is new billionaire Edgar Sia II who is now the country’s top 17 richest man with US$1.2 billion net worth. The 39-year-old saw his wealth increase by 200 percent, thanks to DoubleDragon Properties, the fast-growing real estate development company he owns with Tony Tan Caktiong, the top six richest man with fortune of US$4.3 billion.

Source: Manila Bulletin August 25, 2016 16:11 UTC