
The economy of the Philippines is like a tapestry that is always changing, with threads of ambition, legacy, and strong business sense. As we move through the complicated mid-2020s, the country is becoming a stronger economic force in Southeast Asia, thanks to the vision of its most powerful business leaders. These business giants not only have a lot of money, but they also change the infrastructure, shopping habits, and consumer behavior of millions of Filipinos. Their stories are more than just stories about getting rich; they are also stories about how the country has grown, how strategies have changed, and how families have carefully managed their empires.
In a year of big changes in the global economy and the rapid growth of digital technologies, it is more vital than ever to know where enormous wealth originates from and how stable it is. The people on this list have faced these problems with a mix of strength and creativity, spreading out their investments and making their enterprises more stable for the future. Their impact is deeply felt in the daily lives of people in the archipelago, from the huge port operations to the many shopping malls, from the necessary infrastructure to the popular consumer items. It is a really interesting ecology of power, and Nubia magazine is dedicated to examining it in depth for our smart readers.
Making a list like this is never a one-time thing. Fortunes change with the stock market, new businesses, and the state of the world economy. The 2025 ranking is based on a continuous focus on areas that are important for the Philippines’ growth, such as logistics, real estate, retail, and basic infrastructure. Most of the names you will see are ones you already know, but the strategies and how duties are divided among family-owned corporations are still changing to fit a new era. This study gives us a look at wealth and power during a key point in the country’s history.
In this light, Nubia magazine looks at the country’s financial upper classes. This unique 2025 ranking is based on careful study of market capitalizations, asset valuations, and financial disclosures. We are glad to show you a full picture of the people who are not only getting rich but also shaping the future of the Philippine economy. Get ready for an interesting trip into the world of high-stakes business and unmatched power.
List Of Top 10 Richest People In Philippines 2025
1. Enrique Razon Jr.

Topping the list with a significant margin is Enrique Razon Jr., the visionary behind International Container Terminal Services Inc. (ICTSI). His fortune in 2025 shows that he was smart enough to see that global trade is the lifeblood of an island nation. ICTSI is still the foundation of his company, which has operations on six continents. However, it is his aggressive move into infrastructure and energy through Prime Infrastructure Capital Inc. that has made him the top dog. People think that Prime Infra’s work on sustainable water systems, important energy facilities, and huge renewable energy projects, especially in solar and wind power, is very important for the Philippines’ long-term growth. In addition, his Bloomberry Resorts Corporation, which runs the Solaire Resort and Casino, is still a major player in the integrated resort market, demonstrating strong recovery and growth since the epidemic. Razon’s ability to control important, non-negotiable parts of the economy makes his portfolio very strong and his place as the richest Filipino in 2025 seems immovable.
2. Manuel Villar

Manuel “Manny” Villar is still one of the richest people in the world. He was a politician who turned his political money into a business empire. Vista Land & Lifescapes, Inc., his major business, is still the biggest integrated homebuilder in the country. It helps Filipinos who want to own their own homes. But Villar’s real talent is in how he brings everything together. He has carefully grown his business into retail with AllHome, a one-stop shop for all your house and construction needs, and AllDay Supermarket, a growing chain that fits in well with his residential developments. The Villar City is his biggest project. It is a huge mixed-use development that would be a new metropolitan hub south of Metro Manila. This, together with his large interests in the water company (Prime Water) and a large portfolio of real estate holdings, means that his wealth is based on the basic needs of a rising population: shelter, food, and water.
3. Ramon Ang

The changing Ramon Ang, the President and COO of San Miguel Corporation (SMC), has kept adding new businesses and products to one of the country’s oldest and most popular corporations. San Miguel’s major companies are still making a lot of money in food, drinks, and packaging, but Ang’s legacy is based on his risky, debt-fueled investments in initiatives that help grow the country. His biggest project is the huge New Manila International Airport (NMIA) in Bulacan. It will change the way people travel and do business in the Philippines. Along with this, SMC’s infrastructure division has been very important in creating and updating highways and public transportation systems. Ang has also guided SMC’s foray into important fields including power production and petroleum refining, which has made the company an essential part of the country’s infrastructure. He is a key player in the country’s industrial success since he leads by example and is always pushing himself.
4. Lucio Tan

Lucio Tan is a well-known name in Philippine commerce and is still a powerful figure among the richest people. The Lucio Tan Group, his empire, is a good example of a conglomerate that has a lot of different businesses. Philippine Airlines (PAL), which has steadied and regained its footing in the competitive aviation sector, and Asia Brewery, a strong contender in the beverage business, are two of its most valuable assets. Fortune Tobacco, his tobacco company, is still a big money maker for him. His investments in banking (Philippine National Bank) and real estate also help him stay stable. Tan may not be as aggressive as some of his competitors when it comes to buying new businesses, but his businesses are strong because they have a lot of cash and last a long time. His wealth is proof that he has built an empire over a lengthy period of time and through several economic cycles.
5. Henry Sy Jr.

The Sy siblings, who are the children of the late retail tycoon Henry Sy Sr., have one of the biggest fortunes in the country. Henry Sy Jr. is in charge of SM Prime Holdings’ most important asset, its property development arm, as the company’s chairman. SM Prime is more than just the famous retail malls; it is a full-service property developer that works on residential, commercial, and tourism-related developments. SM Prime has continued to build its mall presence in the Philippines and China under his leadership. It has also aggressively grown its residential brand, SM Development Corporation (SMDC). By strategically combining malls, homes, and offices, we can construct ecosystems that work together to create value. His management makes sure that the places where Filipinos shop, live, and work stay a powerful and profitable force.
6. Hans Sy

Hans Sy has been the operational backbone of the SM group for a long time. He is typically credited with making sure that its core assets work well and grow strategically. He is a specialist at carefully managing and growing SM’s huge real estate holdings. He is very important to the strategic planning of new malls and the renovation of old ones. He makes sure that they stay modern, useful, and appealing to both tenants and shoppers. His supervision also includes SM’s entry into other important industries, such as the very lucrative SM Banking Group (BDO Unibank) and the strategic holdings of SM Investments Corporation. Hans Sy’s expertise is in making his father’s enterprise work better and grow, which keeps operational excellence as a vital competitive advantage.
7. Herbert Sy

Herbert Sy has always been the sibling most concerned with the heart of the SM empire: running the stores. He is in charge of the huge network of SM Department Stores, SM Supermarkets, Savemore Markets, and Hypermarkets as a director of SM Retail, Inc. In the cutthroat retail world of 2025, his job is more important than ever. He has to deal with the problems that come with e-commerce, changing customer tastes, and complicated supplier chains. With his help, SM Retail has kept coming up with new ideas, like combining online and in-store purchasing and opening new stores to reach customers of all economic levels. His leadership makes sure that millions of Filipinos still think of shopping when they hear the name SM.
8. Harley Sy

Harley Sy has a lot of power in the SM group because of its strategic investments and aspirations to branch out into areas other than retail and real estate. He has played a big role in the SM Group’s growth in the tourist and leisure industries, especially with the high-end Mall of Asia (MOA) complex and its hotels, attractions, and venues. He is also in charge of looking into new business areas and technology integrations that can keep the corporation safe in the future. Harley Sy is very important for making sure that the family’s huge fortune stays relevant and grows over time. He does this by investing in new industries and using the strengths of the group’s many enterprises.
9. Teresita Sy-Coson

Teresita “Tessie” Sy-Coson is widely seen as the matriarch and a significant strategic leader among the Sy siblings. She has a lot of power. She is the Vice Chairperson of SM Investments Corporation (SMIC), which means she is in charge of setting the overall strategic direction for the whole company. Her most important legacy is that she helped turn BDO Unibank from a tiny family-owned bank into the country’s largest universal bank. She is one of the most powerful business people in the Philippines, regardless of gender, because she is still involved with BDO and has a place at the top decision-making table of SMIC. Her ability to think critically and manage money in a prudent but strategic way has been very important in helping the SM Group get through times of rapid growth and economic turmoil.
10. Andrew Tan

Andrew Tan, who started Alliance Global Group, Inc. (AGI), is in the top 10. Three strong pillars support his fortune. The first is Megaworld Corporation, which is the country’s biggest builder of integrated urban townships. It is still adding to its portfolio of live-work-play communities. The second is Emperador Inc., a huge worldwide spirits company that owns famous brands like Whyte & Mackay, which gives him a strong foothold in the global liquor industry. Golden Arches Development Corporation, the master franchisee of McDonald’s in the Philippines, is the third most important asset. McDonald’s is a fast-food chain that people always love. Tan’s plan to control certain high-consumption areas, such real estate, booze, and food, keeps him among the richest people in the country.


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