Thirty-four-year-old Edgar Sia II of Mang Inasal joins 39 other entrepreneurs in Forbes’ list of richest pinoys.
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| Image courtesy of Mang Inasal |
Forbes’ has released the list of the Philippines’ 40 Richest People and the latest addition this year is Mang Inasal proprietor Edgar Sia II who is only 34 years old.
Sia established the very Pinoy fast food chain dubbed as the first barbecue fast food chain in the country eight years ago in IloIlo when he was only 26 years old. Now, Mang Inasal is the Philippines’ third largest fast food chain with 380 stores.
Last year, he sold 70 percent of his store’s shares to Jollibee Food Corporation for $68 million earning him a net worth of $85 million catapulting him to the prestigious Forbes’ Richest list.
Here are the 40 Richest Filipinos for 2011 and their net worth in million dollars:
1. Henry Sy – 7,200
2. Lucio Tan - 2,800
3. John Gokongwei Jr. - 2,400
4. Andrew Tan – 2,000
5. David Consunji - 1,900
6. Jaime Zobel de Ayala - 1,700
7. Enrique Razon Jr. - 1,600
8. Eduardo Cojuangco Jr. - 1,400
9. Roberto Ongpin - 1,300
10. George Ty - 1,100
11. Tony Tan Caktiong - 1,000
12. Inigo & Mercedes Zobel - 980
13. Emilio Yap - 930
14. Andrew Gotianun - 795
15. Jon Ramon Aboitiz - 760
16. Beatrice Campos - 685
17. Manuel Villar - 620
18. Vivian Que Azcona - 555
19. Robert Coyiuto Jr. – 400
20. Mariano Tan - 375
21. Alfonso Yuchengco - 370
22. Enrique Aboitiz - 310
23. Oscar Lopez - 280
24. Jose Antonio - 245
25. Eric Recto – 200
26. Gilberto Duavit - 190
27. Menardo Jimenez - 185
28. Alfredo Ramos - 180
29. Betty Ang - 165
30. Felipe Gozon - 163
31. Tomas Alcantara - 160
32. Benjamin Romualdez - 155
33. Wilfred Uytengsu Jr. - 150
34. Manuel Zamora Jr. - 145
35. Jacinto Ng Sr. - 115
36. Frederick Dy - 110
37. Luis Virata - 100
38. Bienvenido Tantoco Sr. - 95
39. Eugenio Lopez III - 90
40. Edgar Sia II - 85
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