JOHN GOKONGWEI ZOOMS TO THE TOP! ZOBEL DE AYALA FALLS FURTHER IN THE TOP 40 RICHEST!

Henry Sy of Mall titan SM Group remains to be the country's richest man alive with stakes in Banking and finance (BDO and China Bank) and Property Development (SM Prime, SMIC, SMDC).  He is followed a mile away by Lucio Tan whose stakes include Banking (PNB, Allied Bank), Airline (PAL), Tobacco (Fortune Tobacco) , Hard drinks ( Asia Bwerey, Tanduay Holdings), Property Development (Enton Properties)and Academe (University of the East). 

Catching the third spot is the ever controversial Digitel owner John Gokongwei which zoomed to the top beating Telecom rival Ayala Group's Jaime Zobel de Ayala (owns Globe Telecom). Gokongwei's business include Telecom (Digitel), Airline (Cebu Pacific Air), Food and Drinks (Universal Robina), Property Development (Robinsons Land), Power (JG Summit Petrochemical) and Banking (Robinsons Bank).

Here is the complete list of the Philippines' 40 Richest as published by Forbes Magazine:

1. Henry Sy - $7.2 billion

2. Lucio Tan - $2.8 billion

3. John Gokongwei, Jr. - $2.4 billion

4. Andrew Tan - $2 billion

5. David Consunji - $1.9 billion

6. Jaime Zobel de Ayala - $1.7 billion

7. Enrique Razon Jr. - $1.6 billion

8. Eduardo Cojuangco Jr. - $1.4 billion

9. Roberto Ongpin - $1.3 billion

10. George Ty - $1.1 billion

11. Tony Tan Caktiong - $1 billion

12. Inigo and Mercedes Zobel - $980 million

13. Emilio Yap - $930 million

14. Andrew Gotianun - $795 million

15. Jon Ramon Aboitiz - $760 million

16. Beatrice Campos - $685 million

17. Manuel Villar - $620 million

18. Vivian Que Azcona - $555 million

19. Robert Coyiuto Jr. - $400 million

20. Mariano Tan - $375 million

21. Alfonso Yuchengco - $370 million

22. Enrique Aboitiz - $310 million

23. Oscar Lopez - $280 million

24. Jose Antonio - $245 million

25. Eric Recto - $200 million

26. Gilberto Duavit - $190 million

27. Menardo Jimenez - $185 million

28. Alfredo Ramos - $180 million

29. Betty Ang - $165 million

30. Felipe Gozon - $163 million

31. Tomas Alcantara - $160 million

32. Benjamin Romualdez - $155 million

33. Wilfred Uytengsu, Jr. - $150 million

34. Manuel Zamora Jr. - $145 million

35. Jacinto Ng, Sr. - $115 million

36. Frederick Dy - $110 million

37. Luis Virata - $100 million

38. Bienvenido Tantoco, Sr. - $95 million

39. Eugenio Lopez III - $90 million

40. Edgar Sia II - $85 million