Top Billionaires
In the Philippines, two rich families make it to the Forbes list of billionaires this year. Their collective net worth is $4.1 billion. [1] This may seem paltry compared to the wealth of other billionaires in the Asia Pacific region, but consider that their combined net worth is equivalent to 1.3% of the Philippines’ GDP. [2]
The Hungry
An estimated 12.7 million are currently living in hunger in the Philippines. This assumes that the estimated level of the undernourished in India remains unchanged at 13% as last reported by the Food and Agriculture Organization of the United Nations. [3]
According to a report by the International Food Policy Research Institute (IFPRI), the Philippines ranks 34th (Serious) out of 84 countries in the Global Hunger Index (GHI). The IFPRI ranks countries on a 100-point scale, with 0 being the best score (no hunger) and 100 being the worst. [4]
[1]forbes.com
[2]cia.gov
[3]fao.org
[4]ifpri.com
In the Philippines, two rich families make it to the Forbes list of billionaires this year. Their collective net worth is $4.1 billion. [1] This may seem paltry compared to the wealth of other billionaires in the Asia Pacific region, but consider that their combined net worth is equivalent to 1.3% of the Philippines’ GDP. [2]
- Henry Sy & family have a net worth of $2.7 billion. The family controls the Philippines' largest shopping mall developer, SM Prime Holdings, and has diverse holdings in various industries including banking.
- Another family headed by Lucio Tan has a net worth of $1.4 billion. Lucio Tan & family own: the Philippines' largest cigarette maker, Fortune Tobacco; Philippine Airlines; Asia Brewery; mining operations; banks; property developments in Hong Kong.
An estimated 12.7 million are currently living in hunger in the Philippines. This assumes that the estimated level of the undernourished in India remains unchanged at 13% as last reported by the Food and Agriculture Organization of the United Nations. [3]
According to a report by the International Food Policy Research Institute (IFPRI), the Philippines ranks 34th (Serious) out of 84 countries in the Global Hunger Index (GHI). The IFPRI ranks countries on a 100-point scale, with 0 being the best score (no hunger) and 100 being the worst. [4]
[1]forbes.com
[2]cia.gov
[3]fao.org
[4]ifpri.com
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