Most of us are dreaming to become rich someday that’s why we are working patiently and looking for ways on how to make more money. For students, the ultimate goal is to graduate in college and get a high paying and stable job. Have you heard a kid or a person who wants to become poor? I never heard such a person who is dreaming to become poor someday.
By the way, how do you determine if a person is rich or not? The best indicator of wealth of a person is by determining his or her net worth. It is the sum of all the person’s properties, investments and all the things that he acquires with equivalent financial aspect. The net worth can be in the form of cash, stocks, mutual fund, businesses owned, properties and all things that has financial value.
When I was a kid, I’m fascinated and wondered how people become rich. Maybe it is easier for me to understand that question if I belongs to a wealthy family. Basically, people become rich in their lifetime in two ways: self-made and inheritance.
Self-made are those rich people who accumulate wealth by building their businesses and make it grow for a long time. Meaning, they got their wealth through their hard work and good investment strategies. The best example of self-made rich person is Warren Buffet who became billionaire through his great investing techniques.
On the other hand, some people become rich through inheritance. They have been very blessed to be born in a wealthy family so their parents just give them their share of family’s wealth. One best example for this type of people is the Walton family who owns Wal-Mart, the largest supermarket in the US.
Top 40 Richest Persons in the Philippines for 2011
Back again in the Philippines, maybe you’re wondering who are the richest people in our country today. I think you already heard their names or maybe familiar with them since they have been featured in TV programs, magazines and Internet sites. The list below shows the richest persons in the Philippines as of 2011 according to Forbes. The ranking is based on their calculated net worth as of March 2011.
|Rank||Name||Net Worth ($mil)||Age|
|3||John Gokongwei Jr.||2,400||83|
|6||Jaime Zobel de Ayala||1,700||77|
|7||Enrique Razon Jr.||1,600||51|
|8||Eduardo Cojuangco Jr.||1,400||76|
|11||Tony Tan Caktiong||1,000||58|
|12||Inigo & Mercedes Zobel||980||NA|
|15||Jon Ramon Aboitiz||760||62|
|18||Vivian Que Azcona||555||NA|
|19||Robert Coyiuto Jr.||400||58|
|33||Wilfred Uytengsu Jr.||150||49|
|34||Manuel Zamora Jr.||145||71|
|35||Jacinto Ng Sr.||115||NA|
|38||Bienvenido Tantoco Sr.||95||90|
|39||Eugenio Lopez III||90||59|
|40||Edgar Sia II||85||34|
From the list above, you can see that Edgar Sia II, the man behind Mang Inasal, is the youngest among the top 40 richest persons in the Philippines. In addition, Manny Villar is the only politician included in the list. All other people are business owners and founders of their own company.