Businessman from the Philippines tops the 10 richest in ASEAN list 2015

by Imran Saddique - Apr 21, 2015

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While tycoons from China and India dominate the richest in Asia list, these 10 billionaires will find solace in topping the regional list in the Association of Southeast Asian Nations (ASEAN).

Chinese Filipino businessman Henry Sy Sr. tops the list in the Philippines and across ASEAN with an accumulated wealth estimated by Forbes to be $14.2 billion. The self made billionaire of SM Investments Corporation has retained his top spot as his fellow countrymen moved around the listings from last year.

The list reflects the position of the economic powerhouses in ASEAN with 5 out of the 6 largest economies making up the top 10 richest, with only Vietnam missing out. More than half the list contain businessmen of Chinese ancestry.

Here is the list in full:

ASEAN’s Top 10 richest 2015

1. Henry Sy (Philippines)

Net worth: $14.2 billion
Global ranking 73
Source of wealth: Diversified

Henry Sy holds on to richest person in the Philippines and with the continued growth of SM Investments Corp takes over the the title of richest person in ASEAN. One of his recent ventures, City of Dreams Manila Resort and Casino cost $1.3 billion to develop. The resort was promoted by Hollywood stars including Robert De Niro and Leonardo Di Caprio.

2. Dhanin Chearavanont (Thailand)

Net Worth: $13.6 billion
Global Ranking 81
Source of wealth: Food

The Thai businessman based in Bangkok and with ancestral roots in Shantou (China) previously held the title of richest person in ASEAN but has slipped to second in the list. Recently rebuffed by British retailer Tesco Plc after he signaled he wants to buy its most valuable international unit, its Thai business.

3. Charoen Sirivadhanabhakdi (Thailand)

Net worth: $13.2 billion
Global Ranking 87
Source of wealth: Beverages

4. Robert Kuok (Malaysia)

Net worth: $11.3 billion
Global ranking 110
Source of wealth: Diversified

5. Anand Krishnan (Malaysia)

Net worth: $9.7 billion
Global ranking (129)
Source of wealth: Telecom

6. Robert & Philip Ng (Singapore)

Net worth: $9.6 billion
Global ranking 131
Source of wealth: Real Estate

7. R. Budi Hartono (Indonesia)

Net worth: $9 billion
Global ranking 142
Source of wealth: Banking, tobacco

8. Michael Hartono (Indonesia)

Net worth: $8.7 billion
Global ranking 151
Source of wealth: Tobacco, banking

9. Goh Cheng Liang (Singapore)

Net worth: $6.8 billion
Global ranking 199
Source of wealth: Paints

10. John Gokongwei (Philippines)

Net worth: $5.8 billion
Global ranking 254
Source of wealth: Diversified

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While tycoons from China and India dominate the richest in Asia list, these 10 billionaires will find solace in topping the regional list in the Association of Southeast Asian Nations (ASEAN). Chinese Filipino businessman Henry Sy Sr. tops the list in the Philippines and across ASEAN with an accumulated wealth estimated by Forbes to be $14.2 billion. The self made billionaire of SM Investments Corporation has retained his top spot as his fellow countrymen moved around the listings from last year. The list reflects the position of the economic powerhouses in ASEAN with 5 out of the 6 largest economies...

henry-sy While tycoons from China and India dominate the richest in Asia list, these 10 billionaires will find solace in topping the regional list in the Association of Southeast Asian Nations (ASEAN).