November 18, 2017

Sy, Zobel in Forbes’ list of Asia’s Richest Families 2017

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  • Two Filipino families once again claim their spots in the Asia’s Richest Families 2017 list by Forbes.

    With a net worth of $20.1 billion, the Sy family went up to the 9th spot from being on the 12th last year. Their net worth also saw an increase from last year’s $12.8 billion. The family owns the country’s largest retail and property conglomerate, SM Investments Corporation.

    Also read: Success Story: Henry Sy Sr.

    Henry Sy, Sr., founder of SM Group and Chairman Emeritus of SM Investments Corp. /IMAGE SM Prime website

    While their net worth went up from $5.1 billion last year to $6.13 billion, the Zobel family didn’t see a rise in the rankings this year. From being the 37th richest in 2016, the family behind Ayala Corporation landed on the 43rd spot this year.

    Jaime Zobel de Ayala, Chairman and CEO of Ayala Corporation /IMAGE Eisenhower Fellowships website

    Also read: The Empire that Started it All: The Ayala Success Story

    India’s Ambani family, which controls Indian telecom, power, and finance conglomerate Reliance Group, topped the list with a net worth of $44.8 billion.

    The Korean clan behind Samsung Electronics, the Lee family went down to being the 2nd richest family in Asia with a net worth of $40.8 billion.

    Here’s the list of Forbes’ ten richest families in Asia along with their net worth:

    1. Ambani family, India, $44.8 billion
    2. Lee family , South Korea, $40.8 billion
    3. Kwok family, Hong Kong, $40.4 billion
    4. Chearavanont family, Thailand, $36.6 billion
    5. R. Budi & Michael Hartono, Indonesia, $32 billion
    6. Lee (Shau Kee) family, $29 billion
    7. Kwek family, Malaysia, $23.3 billion
    8. Cheng family, Hong Kong, $22.5 billion
    9. Sy family, Philippines, $20.1 billion
    10. Chirathivat family, Thailand, $19.3 billion

    Sources: Forbes website, ABS-CBN News,, PhilStar
    Images grabbed from: SM Prime Website, Eisenhower Fellowships website

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