www.republika-online.com

Loading...

Rich or poor?

Republika

AS IT STANDS | By Roman Floresca

How rich or how poor can do you want to be? For the millions of us who are simply a part of the so-called middle class, we can only gape in awe at the millions, nay billions of pesos these people are worth.

Let’s take for instance the world’s richest person, Jeff Bezos, president and CEO of Amazon. How much do you think he’s worth? Ruchi Gupta, a financial analyst working with Market Realist, estimated Bezo’s income to be about P183,149 every second, which a lowly Filipino family cannot hope to earn in one year.

Let’s leave the Americans for their wealth is far too great. Let’s take the case of Filipino families whose names and pictures we see everyday. Let’s talk about the case of the Sy family which is now headed by Teresita Sy-Coson after the father died sometime ago. In the latest Forbes listing, the Sy’s family income fell by a whopping $3.3 billion (P164 billion) to a whopping $13.9 billion (P688 billion). How the pandemic really put a dent on people’s finances especially mine who’s mobility is greatly hampered by this pandemic.

Even my favorite property tycoon Manny Villar saw the family’s net worth drop by a gargantuan $1.6 billion (P79 billion) to $5 billion (P247.5 billion). Other rich persons also suffered losses in millions of pesos.

There were some who were able to make money despite the slowdown of the economy. Edgar Sia II is this year’s biggest gainer with an increase of 75 percent or $300 million (P14.85 billion) in his net worth which has climbed up to $700 million (P34.65 billion).

All in all the combined wealth of the country’s richest fell by $60.6 billion (P3 trillion) to $78 billion (P3.86 trillion).

So there you have it the country’s wealthiest individuals.


Same Category

OpEd

Cayetano’s exit

Republika
OpEd

Trump: One-term president only?

Republika
OpEd

A call to record legacy services overseas

Republika
OpEd

Goodbye old ways

Republika