(January 8, 2021) – The rich remain rich.
Former senator and business tycoon Manny Villar retained his spot as the richest Filipino, according to the latest Bloomberg Billionaires Index.
Bloomberg data showed that Villar has a total net worth of $6.72 billion or about P322 billion. Despite the economic difficulties brought by the COVID-19 pandemic, he managed to keep his businesses afloat, seeing only a minimal drop from his $6.92 billion net worth last year.
The 71-year-old Villar is the only Filipino on the list, placing 383rd among 500 of the world’s top billionaires. He slid 123 spots from last year when he placed 260th.
The latest Bloomberg Billionaires Index showed that Tesla Inc. founder Elon Musk is now the world’s richest person with $194.8 billion, surpassing Amazon’s Jeff Bezos, who has held the top spot for several years now.
Villar founded the family-owned real estate developer Vista Land & Lifescapes. Bloomberg reported he also has stakes in Golden Bria Holdings, a death care company engaged in the development and sale of memorial lots and columbarium facilities.
He is also involved in shopping mall operator Vistamall and retail businesses under All Value Holdings, which includes home improvement store AllHome, All Day supermarkets and convenience stores, and Coffee Project.
The rest of Villar’s family, meanwhile, are serving positions in the government. His wife Cynthia is currently in her second term in the Senate, their son Mark, who was previously elected as representative of Las Piñas, is secretary of the Department of Public Works and Highways (DPWH), while their daughter Camille is now Las Piñas’ representative in Congress.
Villar also emerged as the richest Filipino on Forbes’ list last year.
(Cherry Salazar/PM)
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