40 Richest Filipinos

In Pictures: Jaime Zobel de Ayala -$2 billion, Henry Sy-$1.7 billion, Lucio Tan-$1.6 billion

The year's biggest gainer is Manuel Villar, the Philippine senate president, who is worth $940 million, up from $110 last year. He got a big boost from the public offering of Vista Land & Lifescapes. Seven other tycoons including Tony Tan Caktiong and Enrique Razon Jr. saw their fortunes jump by at least $100 million. Fifteen others are wealthier than last year.

But not all rich listers fared as well. Fourteen are worth less than in 2006 but for reasons that often have to do with estate planning and better reporting. John Gokongwei gave away half his shares in JG Summit, the conglomerate he founded, to his family's foundation.

Here's the complete list according to Forbes magazine:

Richest Filipinos

1. Jaime Zobel de Ayala & family
2. Henry Sy & family
3. Lucio Tan & family
4. Andrew Tan
5. Manuel Villar
6. George Ty
7. Andrew Gotianun
8. Enrique Razon Jr.
9. Tony Tan Caktiong & family
10. Oscar Lopez & family
11. Vivian Que Azcona & family
12. Inigo & Mercedes Zobel
13. Eduardo Cojuangco Jr.
14. Emilio Yap & family
15. John Gokongwei Jr. & family
16. Enrique Aboitiz & family
17. Alfonso Yuchengco & family
18. Beatrice Campos
19. David Consunji & family
20. Luis Virata
21. Gilberto Duavit Jr. & family
22. Menardo Jimenez & family
23. Felipe Gozon & family
24. Mariano Tan & family
25. Ramon del Rosario Jr.
26. Ronaldo & Rosalinda Hortaleza
27. Manuel Zamora
28. Betty Ang
29. Tomas Alcantara & family
30. Frederick Dy
31. Wilfred Steven Uytengsu Sr.
32. Salvador Zamora
33. Oscar Hilado & family
34. Philip T. Ang
35. Magdaleno Albarracin Jr.
36. Jesus Tambunting
37. Antonio Roxas
38. Manuel Pangilinan
39. Marixi Rufino-Prieto & family
40. Lourdes Montinola