3. ENRIQUE RAZON JR: $5.8 billion. Enrique Razon is the third-richest Filipino on the Forbes’ billionaires list, with a net worth estimated at $5.8 billion, a big jump from $3.4 billion in 2016. Razon heads the International Container Terminal Services, the largest operator of ports in the Philippines, with subsidiaries listed in eastern Europe, Africa and the Americas.
4. LANCE GOKONGWEI & SIBLINGS: $4 billion. After Filipino tycoon John Gokongwei Jr. died in November 2019, his children Lance (above, left), Robina, Lisa, Marcia, Faith, Hope have taken charge of running different parts of the business group. The business group includes Cebu Pacific, Robinson Retail Holdings, the Philippines’ second-largest multi-format retailer and Universal Robina Corp, one of the Philippines’ largest food and beverages companies.
