Forbes.com released their list of the Top 40 Richest People in the Philippines for 2008. The richest man last year (2007) was Jaime Zobel De Ayala which was down this year as the third. Henry Sy and Lucio Tan ranks the first and second consecutively.

Here are the Top 40 Richest in the Philippines for 2008.

Henry Sy & family
Founder of the Largest Retailer in the Philippines, SM Prime Holdings
2008 Rank: 1
2007 Rank: 2
Rank increased by 1 level
Net Worth 2008: US$ 3.1 billion
Net Worth 2007: US$ 1.7 billion
Net Worth increased by US$ 1.4 billion
Age: 83

Lucio Tan & family
Conrols Eton Properties Philippines, Philippine National Bank, Fortune Tobacco, Asia Brewery, Tanduay Holdings, Philippine Airlines, Allied Bank, the Philippines, University of the East and more
2008 Rank: 2
2007 Rank: 3
Rank increased by 1 level
Net Worth 2008: US$ 1.5 billion
Net Worth 2007: US$ 1.6 billion
Net Worth decreased by US$ 100 million
Age: 74

Jaime Zobel de Ayala & family
From 1984 to 1994, he is the president and chairman of Ayala Corporation. Currently, his son, Fernando Zobel, is president of the corporation and his eldest son, Jaime Augusto Zobel de Ayala II, holds chairman and CEO
2008 Rank: 3
2007 Rank: 1
Rank decreased by 2 levels
Net Worth 2008: US$ 1.2 billion
Net Worth 2007: US$ 2 billion
Net Worth decreased by US$ 800 million
Age: 74

Andrew Tan
He runs companies such as Alliance Global Group Inc, Megaworld Corporation, Emperador Distillers Incorporation and Golden Arches Development Corporation
2008 Rank: 4
2007 Rank: 4
Net Worth 2008: US$ 700 million
Net Worth 2007: US$ 1.1 billion
Net Worth decreased by US$ 400 million
Age: 57

Tony Tan Caktiong & family
Founder and Chief Executive Officer of Jollibee
2008 Rank: 5
2007 Rank: 9
Rank increased by 4 levels
Net Worth 2008: US$ 690 million
Net Worth 2007: US$ 790 million
Net Worth decreased by US$ 100 million
Age: 58

John Gokongwei Jr. & family
Chairman of JG Summit Holdings and controls companies such as Cebu Pacific Air and Universal Robina Corporation
2008 Rank: 6
2007 Rank: 15
Rank increased by 9 levels
Net Worth 2008: US$ 680 million
Net Worth 2007: US$ 430 million
Net Worth increased by US$ 250 million
Age: 81

Eduardo Cojuangco Jr.
CEO of San Miguel Corporation
2008 Rank: 7
2007 Rank: 13
Rank increased by 6 levels
Net Worth 2008: US$ 610 million
Net Worth 2007: US$ 540 million
Net Worth increased by US$ 70 million
Age: 73

Enrique Razon Jr.
President and Chairman of ICTSI (International Container Terminal Services)
2008 Rank: 8
2007 Rank: 8
Net Worth 2008: US$ 525 million
Net Worth 2007: US$ 820 million
Net Worth decreased by US$ 295 million
Age: 48

George Ty & family
Founder of Metropolitan Bank and Trust Company (Metrobank) who also hold shares from Bank of the Philippine Islands (BPI) and Philippine Savings Bank(PSB)
2008 Rank: 9
2007 Rank: 6
Rank decreased by 3 levels
Net Worth 2008: US$ 435 million
Net Worth 2007: US$ 870 million
Net Worth decreased by US$ 435 million
Age: 75

Inigo & Mercedes Zobel
He is the chairman of Business World Publishing, chairman and president of E. Zobel, Inc., director of Mermac, Inc., president of Ayala International España, and president of Diamond Star Agro Products, Inc.
2008 Rank: 10
2007 Rank: 12
Rank increased by 2 levels
Net Worth 2008: US$ 430 million
Net Worth 2007: US$ 660 million
Net Worth decreased by US$ 230 million

Manuel Villar
He is currently Senate President of the Philippines who established Palmera and Camella Homes.
2008 Rank: 11
2007 Rank: 5
Rank decreased by 6 levels
Net Worth 2008: US$ 425 million
Net Worth 2007: US$ 940 million
Net Worth decreased by US$ 515 million
Age: 58

Emilio Yap & family
Holds and runs Manila Hotel Corporation, USAUTOCO, Inc., Philtrust Realty Corporation, Philtrust Bank, Manila Bulletin Publishing Corporation, U.S. Automotive Co., Inc., Philippine President Lines Inc. and Centro Escolar University (CEU)
2008 Rank: 12
2007 Rank: 14
Rank increased by 2 levels
Net Worth 2008: US$ 420 million
Net Worth 2007: US$ 445 million
Net Worth decreased by US$ 25 million
Age: 82

Vivian Que Azcona & family
President of Mercury Drug, the Philippines’leading drugstore
2008 Rank: 13
2007 Rank: 11
Rank decreased by 2 levels
Net Worth 2008: US$ 360 million
Net Worth 2007: US$ 670 million
Net Worth decreased by US$ 310 million

Beatrice Campos & family
Widow of Jose Campos who is one of the co-founders of United Laboratories (Unilab)
2008 Rank: 14
2007 Rank: 18
Rank increased by 4 levels
Net Worth 2008: US$ 325 million
Net Worth 2007: US$ 220 million
Net Worth increased by US$ 105 million

Luis Virata
Chairman of CLSA Exchange Capital Inc. and owns half of Nickel Asia.
2008 Rank: 15
2007 Rank: 20
Rank increased by 5 levels
Net Worth 2008: US$ 270 million
Net Worth 2007: US$ 200 million
Net Worth increased by US$ 70 million
Age: 54

Oscar Lopez & family
Controls a stake at ABS-CBN Broadcasting
2008 Rank: 16
2007 Rank: 10
Rank decreased by 6 levels
Net Worth 2008: US$ 240 million
Net Worth 2007: US$ 775 million
Net Worth decreased by US$ 535 million
Age: 78

Andrew Gotianun
Runs Filinvest Development Corporation and East West Bank
2008 Rank: 17
2007 Rank: 7
Rank decreased by 10 levels
Net Worth 2008: US$ 235 million
Net Worth 2007: US$ 860 million
Net Worth decreased by US$ 625 million
Age: 80

Alfonso Yuchengco & family
Chairs of Rizal Commercial Banking Corporation, Mapua Institute of Technology and the Yuchengco Group of Companies
2008 Rank: 18
2007 Rank: 17
Rank decreased by 1 level
Net Worth 2008: US$ 200 million
Net Worth 2007: US$ 365 million
Net Worth decreased by US$ 165 million
Age: 85

Mariano Tan & family
Holds stakes at UNILAB

2008 Rank: 19
2007 Rank: 24
Rank increased by 5 levels
Net Worth 2008: US$ 195 million
Net Worth 2007: US$ 140 million
Net Worth increased by US$ 55 million

Manuel Zamora
Nickel Asia Chairman
2008 Rank: 20
2007 Rank: 27
Rank increased by 7 levels
Net Worth 2008: US$ 130 million
Net Worth 2007: US$ 105 million
Net Worth increased by US$ 25 million
Age: 69

Menardo Jimenez & family
PLDT’s Retail business group Senior Vice president
2008 Rank: 21
2007 Rank: 22
Rank increased by 1 level
Net Worth 2008: US$ 129 million
Net Worth 2007: US$ 190 million
Net Worth decreased by US$ 61 million
Age: 76

Gilberto Duavit & family
Executive Vice President and Chief Operating Officer of GMA Network
2008 Rank: 22
2007 Rank: 21
Rank decreased by 1 level
Net Worth 2008: US$ 127 million
Net Worth 2007: US$ 191 million
Net Worth decreased by US$ 64 million
Age: 73

Alfredo Ramos
Runs National Book Store and controls Atlas Consolidated Mining & Development
2008 Rank: 23
2007 Rank: Not in the list
Net Worth 2008: US$ 126 million

Age: 64

Jon Ramon Aboitiz & family
Runs Aboitiz & Co
2008 Rank: 24
2007 Rank: Not in the list
Net Worth 2008: US$ 125 million

Age: 59

Felipe Gozon & family
GMA Network Chairman, President & CEO
2008 Rank: 25
2007 Rank: 23
Rank decreased by 2 levels
Net Worth 2008: US$ 110 million
Net Worth 2007: US$ 165 million
Net Worth decreased by US$ 55 million
Age: 68

David Consunji & family
Founder DMCI (D.M. Consunji, Incorporated)
2008 Rank: 26
2007 Rank: 19
Rank decreased by 7 levels
Net Worth 2008: US$ 105 million
Net Worth 2007: US$ 210 million
Net Worth decreased by US$ 105 million
Age: 87

Rolando & Rosalinda Hortaleza
Founder of Splash Corporation
2008 Rank: 27
2007 Rank: 26
Rank decreased by 1 level
Net Worth 2008: US$ 90 million
Net Worth 2007: US$ 110 million
Net Worth decreased by US$ 20 million
Age: 49/51

Eugenio Lopez III & family
ABS-CBN Chairman and Chief Executive Officer
2008 Rank: 28
2007 Rank: Not in the list
Net Worth 2008: US$ 85 million
Age: 56

Betty Ang
Presindent of Monde Nissin famous for Lucky Me!
2008 Rank: 29
2007 Rank: 28
Rank decreased by 1 level
Net Worth 2008: US$ 80 million
Net Worth 2007: US$ 100 million
Net Worth decreased by US$ 20 million

Tomas Alcantara & family
Runs Alsons Consolidated Resources , Inc. and Manila Economic and Cultural Office
2008 Rank: 30
2007 Rank: 29
Rank decreased by 1 level
Net Worth 2008: US$ 75 million
Net Worth 2007: US$ 90 million
Net Worth decreased by US$ 15 million
Age: 62

Lourdes Montinola & family
Far Eastern University Chairperson. His Son Aureli is the CEO of the Bank of Philippines Islands
2008 Rank: 31
2007 Rank: 40
Rank increased by 9 levels
Net Worth 2008: US$ 68 million
Net Worth 2007: US$ 30 million
Net Worth increased by US$ 38 million
Age: 80

Salvador Zamora
President and CEO of Nickel Asia
2008 Rank: 32
2007 Rank: 32
Net Worth 2008: US$ 67 million
Net Worth 2007: US$ 55 million
Net Worth increased by US$ 12 million
Age: 62

Philip Ang
Nickel Asia Shareholder
2008 Rank: 33
2007 Rank: 34
Rank increased by 1 level
Net Worth 2008: US$ 63 million
Net Worth 2007: US$ 50 million
Net Worth increased by US$ 13 million
Age: 67

Wilfred Steven Uytengsu Sr. & family
Founder of Alaska Milk
2008 Rank: 34
2007 Rank: 31
Rank decreased by 3 levels
Net Worth 2008: US$ 55 million
Net Worth 2007: US$ 60 million
Net Worth decreased by US$ 5 million
Age: 81

Enrique Aboitiz & family
Aboitiz Transport System CEO
2008 Rank: 35
2007 Rank: 16
Rank decreased by 19 levels
Net Worth 2008: US$ 50 million
Net Worth 2007: US$ 375 million
Net Worth decreased by US$ 325 million
Age: 86

Frederick Dy
Controls Security Bank Corporation and City Industrial Corp. and is the vice chairman of St. Luke’s Medical Center.
2008 Rank: 36
2007 Rank: 30
Rank decreased by 6 levels
Net Worth 2008: US$ 49 million
Net Worth 2007: US$ 70 million
Net Worth decreased by US$ 21 million
Age: 53

Bienvenido R. Tantoco Sr. & family
Operates Starbucks Coffee in the Philippines and Rustans; and the Sole franchisee of Marks & Spencer
2008 Rank: 37
2007 Rank: Not in the list
Net Worth 2008: US$ 45 million
Age: 87

Jesus Tambunting
CEO of Planters Development Bank
2008 Rank: 38
2007 Rank: 36
Rank decreased by 2 levels
Net Worth 2008: US$ 40 million
Net Worth 2007: US$ 47 million
Net Worth decreased by US$ 7 million
Age: 71

Manuel Pangilinan
Chairman of Philippine Long Distance Telephone Company (PLDT)
2008 Rank: 39
2007 Rank: 38
Rank decreased by 1 level
Net Worth 2008: US$ 39 million
Net Worth 2007: US$ 35 million
Net Worth increased by US$ 4 million
Age: 62

Marixi Rufino-Prieto & family
Current chairperson of Philippine Daily Inquirer
2008 Rank: 40
2007 Rank: 39
Rank decreased by 1 level
Net Worth 2008: US$ 30 billion
Net Worth 2007: US$ 33 billion
Net Worth decreased by US$ 3 million
Age: 68

Included from 2007’s list but not included in the 2008’s list:
Ramon del Rosario Jr. Previous Rank 25th
Oscar Hilado & family Previous Rank 33th
Magdaleno Albarracin Jr. Previous Rank 35th
Antonio Roxas Previous Rank 37th

Not included from 2007’s list but Included in the 2008’s list:
Alfredo Ramos – Currently 23rd
Jon Ramon Aboitiz & family – Currently 24th
Eugenio Lopez III & family – Currently 28th
Bienvenido R. Tantoco Sr. & family – Currently 37t

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