Philippines’ 10 Richest In 2020 [Updated]
Forbes list of the top 10 richest people in the Philippines for 2020 is finally out! While most of the names have remained the same since last year, there are a few new ones who made it into this ultra-exclusive list this year.
The year 2020 has brought difficult economic challenges to the country, and the renowned billionaires in the Philippines haven’t been spared from its implications. Unlike the previous years, the net worth of our country’s billionaires has slumped, and we’re not talking about a few million here. Some have evidently lost hundreds of millions to a billion from their wealth, thanks to the months of lockdown and the pandemic. While all of them maintained their rightful spots in the top 10 billionaires in the Philippines, there’s no denying that their wealth has suffered drastically; not even the strong stance of the Philippine Peso helped maintain their net-worths this year.
This year is all about losses for many of these billionaires, despite that though, they remain to be the richest in the country.