Look back of 2013 top Pinoy billionaires and companies

2013_0425_darnel2

Here’s a look back on the list of Filipinos who made it in Forbes world’s richest billionaires in 2013, four of them, listed in top 500.

Rank Name Net Worth Age Source
68 Henry Sy & family $13.2 B 89 diversified
248 Lucio Tan & fmaily $5.2 B 79 diversified
258 Enrique Razon, Jr. $4.9 B 53 ports
345 Andrew Tan $3.95 B 61 diversified
503 David Consunji & family $2.8 B 92 construction
554 George Ty & family $2.6 B 81 banking
736 Lucio and Susan Co $2 B retailing
931 Robert Coyiuto, Jr. $1.6B 60 power
1031 Tony Tan Caktiong & family $1.4 B 60 fast food
1175 Andrew Gotianun family $1.2 B 86 real estate
1175 Roberto Ongpin $1.2B 76 diversified

These Pinoy companies joined the ranks of Forbes’ Global 2000 Leading Companies in 2013:

Rank Company Sales Profits Assets Market Value
694 San Miguel $16.6 B $0.7 B $25.1 B $7 B
915 SM Investments $5.3 B $0.6 B $13.6 B $16.6 B
1060 PLDT $4 B $0.9 B $9.9 B $15.1 B
1142 BPI $1.4 B $0.4 B $23.9 B $9.1 B
1308 MERALCO $6.8 B $0.4 B $5.3 B $9.2 B
1642 Aboitiz EquityVentures $1.6 B $0.5 B $4.6 B $7.8 B
1666 Metroppolitan Bank & Trust $1.5 B $0.3 B $21.7 B $6 B
1784 Ayala $2.5 B $0.3 B $11.9 B $8.2 B

In sharp contrast to the billionaires, the National Statistical Coordination Board, released its latest bleak report based on the 2012 full year poverty statistics of the country. The report estimates poverty incidence or the proportion of poor families to the total number of families.

The report states that about one out of every five Pinoy families (19.7 percent) was poor in 2012, with the estimated number of poor families has risen from 3.8 million in 2006 to 4.2 million in 2012.

The NSCB report points out that in 2012, a Filipino family of five needed PhP 5,513 to meet basic food needs every month and Php 7,890 to stay above the poverty threshold (basic food and non-food needs) every month. These respective amounts represent the food and poverty thresholds, which increased by 12.4 percent from 2009 to 2012.

In 2012, on the average, incomes of poor families are short by 26.2 percent of the poverty threshold. This means that a poor family with five members needed a monthly additional income of PhP 2,067 to move out of poverty in 2012.

While many appreciate the result of the study, it makes one wonder if it has taken into account the monthly household cost of electricity and water. These factors alone will debunk the result, and put more families below the threshold of poverty level. Just thinking aloud here.

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