Page 91 - Forbes - Asia (September 2018)

THE LIST

35. EDGAR SAAVEDRA
$245 MILLION T
MEGAWIDE CONSTRUCTION
AGE: 43
36. MICHAEL COSIQUIEN
$240 MILLION T
MEGAWIDE CONSTRUCTION
AGE: 44

37. MANUEL ZAMORA JR.
$235 MILLION T
NICKEL ASIA
AGE: 78

38. WILFRED STEVEN
UYTENGSU JR.
$230 MILLION
ALASKA MILK
AGE: 56
THERMAL POWER PLANT, 39. JOSE MA. CONCEPCION
SARANGANI $215 MILLION
DMCI is building a thermal power plant in CONCEPCION INDUSTRIAL AGE: 60
Sarangani for a subsidiary of Japan’s JGC
Corp. It will serve the city of General Santos 40. WALTER BROWN
and its energy-short surrounding province. LIGHT RAIL STATION, ANTIPOLO $200 MILLION S
DMCI is building a light rail station in Antipolo, which will ATOK-BIG WEDGE AGE: 79

Isidro Consunji, 69, is acting chairman of be the first station of the capital’s light rail system to be
DMCI Holdings following the death last located outside Manilla. 41. NECISTO SYTENGCO
year of his father, David, the founder of the $180 MILLION Ì
conglomerate. The oldest of 8 siblings, Isidro SBS PHILIPPINES AGE: 64
also helms Semirara, a mining and power 42. ALBERTO VILLAROSA
company. $170 MILLION Ì
SECURITY BANK
AGE: 67

43. P.J. LHUILLIER
$160 MILLION T
CEBUANA LHUILLIER
AGE: 73
44. RAFAEL SIMPAO
$155 MILLION Ì
SECURITY BANK
AGE: 74

45. JOSIE NATORI
$150 MILLION Ì
THE NATORI CO.
AGE: 71

APO AGUA INFRASTRUCTURA 46. JERRY LIU
The Aboitiz Group is building one of the Philip- $145 MILLION Ì
CIRTEK AGE: 70
pine’s biggest water supply facilities in Davao,
a city that has experienced a water shortage 47. JULIETTE ROMUALDEZ
CEMENT PLANT, NORZAGARAY since 2016. $140 MILLION
In anticipation of the building boom, Erramon Aboitiz is BANCO DE ORO
putting $300 million more across its cement plants over AGE: 82
the next five years through his family’s Aboitiz Group, 48. GILBERTO DUAVIT

including a recently expanded plant in Norzagaray. $ 135 MILLION T
GMA NETWORK
AGE: 83

49. MENARDO JIMENEZ
$130 MILLION T
which allows rival groups to submit counterpropos- ed Aboitiz InfraCapital in 2017. As the government GMA NETWORK
als, but favors San Miguel by allowing it to match moved away from the PPP model, the Aboitiz infra- AGE: 85
new of ers. structure arm pivoted toward water, acquiring Lima 50. FELIPE GOZON
$125 MILLION T
“We have a great momentum now; the sense of Water and a minority stake in Balibago Waterworks
GMA NETWORK

urgency from government and from our people is System. hese add to an earlier Aboitiz venture, AGE: 78
palpable,” Ang says by email. Apo Agua Infrastructura in Davao City, one of the
SUP MORE THAN 10% TDOWN MORE THAN 10%
Family-group patriarch Erramon Aboitiz found- Philippines’ largest private bulk water suppliers. F ÌNEW TO LIST 3RETURNEE

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