Architect-turned-entrepreneur Edgar Sia, the businessman behind
now-popular Mang Inasal, is Philippines' youngest in the list of top
billionaires, according to the latest in Forbes' "The Philippines 40 richest."The 35-year-old Sia, whose net worth grew to $140 million (P5.8 billion) after Mang Inasal was acquired by huge fast-food chain Jollibee, is at the list's 40th place.
Business tycoon Henry Sy and his family meanwhile are still the richest in the Philippines, topping the Forbes list of Philippine billionaires with a net worth of $9.1 billion or some P385 billion.
The Sys control SM Prime, the largest mall developer in the Philippines, with Henry Sy Jr.'s stake in the National Grid Corporation of the Philippines adding to the family's fortune, Forbes said. The Sys are 116th in a list of the world's billionaires topped by Mexican telecoms magnate Carlos Slim, who has $69 billion.
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