He was followed by port and casino magnate Enrique Razon Jr. with $5.2 billion. The Aboitiz family has a net worth of $3.6 billion. Shares of flagship Aboitiz Equity Ventures, which he chaired, more than doubled in the year 2010. Despite a general slide in net worth, ... founder Edgar Saavedra after the contractor saw a first-half net loss. The second richest is Asia Brewery and Fortune Tobacco owner Lucio Tan, whose net worth was placed at $6.1 billion. Today, InLife is the biggest Filipino insurance company in terms of assets and net worth. Mr. Aboitiz and brother Mikel were ranked as 33rd richest Filipino by Forbes magazine in its 2018 list released on September, with a net worth of $265 million. In 2020, roughly 15,298,070 households – about 11.8% of American households – was a millionaire household. About Jon Ramon Melendez Aboitiz. Billionaire in 3 MinutesPaulino Aboitiz started ACO as an abaca trading and general merchandise business in Ormoc, Leyte during the late 1800s. Andrew Tan […] Despite a general slide in net worth, heirs of the late taipan Henry Sy, Sr. – namely Teresita, Elizabeth, Henry Jr., Hans, Herbert and Harley of the SM Group – remained on top with a combined wealth of $13.9 billion or ₱670 billion. Aboitiz Power invested $1 billion on new power plants. InLife’s bancassurance partner, Union Bank, is owned by Aboitiz Equity Ventures, which also has interests in power, property, food and biofuel. The Walton family dwarfs all other families in terms of net worth, with an estimated net value of $130 billion as per Forbes' list. MALL magnate Henry Sy remains the Philippine’s richest man, with an estimated net worth of $12.7 billion, according to Forbes magazine. How many US households had $1,000,000 or more in 2020? Their net worth is now at $1.7 billion (P82.4 billion) after experiencing minimal losses from their net worth of … Photo: Aboitiz websitePrevious <<>> Next Puregold’s owners, husband-wife duo Lucio and Susan Co, made their way to position 10 on the rich list, up four places from 2019. Filipino businessman and past president of the Aboitiz & Co., and Aboitiz Equity Ventures Inc., Jon Ramon Aboitiz had an estimated net worth of $125 million. The three companies’ related history and mutual interests highlight the enduring power of purpose in business. In 2020, median household net worth in the United States was $121,411. A total of 32 listees in the 2020 Forbes Philippines Rich List saw their net worths decline. With the Tys out, the Cos are in. The three families are also behind the biggest conglomerates in the Philippines. 7) Aboitiz familyAboitiz keeps it in the family with 19 members involved in day-to-day operations in its power, banking, food and beverage, and property businesses. 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