Henry Sy in Bloomberg Top 100 billionaires list


Filipino-Chinese businessman and SM Investments Corp. (SMIC) owner Henry Sy has made the list of the Top 100 Billionaires in the world.

Sy, 88, is the only billionaire from the Philippines included in The Billionaires Issue of Bloomberg Markets magazine. He was listed as No.72 with a net worth of $13.3 billion.

The magazine said the tycoon’s source of wealth is SMIC, which involves mall operations, retail, banking, property development and in hotels and conventions business. The corporation owns and operates SM shopping malls, SM Residences, Banco de Oro Unibank, and China Banking Corp.

American Bill Gates was back at No.1 with a net worth of $72.9 billion. Gates is the chairman of Microsoft Corp., an American multinational software corporation.

Mexican Carlos Slim followed Gates with a net worth of $65.5 billion. Slim controls America Movil SAB, a Mexican telecommunication company.

At No. 3 was Amancio Ortega, net worth $61.9 billion. Ortega’s source of wealth was Inditex, a Spanish multinational clothing company.

The other top billionaires were Berkshire Hathaway’s Warren Buffett ($58.2 billion); IKEA’s Ingvar Kamprad ($50.3 billion); Koch Industries’ Charles Koch ($45.2 billion) and David Koch ($45.2 billion); Oracle’s Larry Elison ($41 billion); and Wal-Mart’s Christy Walton ($36.5 billion), Jim Walton ($35.1 billion), Rob Walton ($34.2 billion) and Alice Walton ($33.5 billion).

Bloomberg Markets ranked 29-year-old Facebook co-founder Mark Zuckerberg No. 25. It said that Zuckerberg is not only the youngest billionaire but also the biggest gainer, having doubled his fortune to $24.5 billion.


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