Sy Siblings are the richest in the Philippines, with a net worth of $13 billion. Their wealth primarily comes from SM Investments and SM Prime, which are expanding into geothermal energy projects.

The group traces its roots to Henry Sy Sr., who sold overrun shoes in 1958 at a store in Manila he aptly called Shoemart. Following his death in 2019, his six children—Teresita, Elizabeth, Henry ...

The Sy siblings also made the list, with Henry Sy Jr. (1,523rd, $2.3 billion) leading them, followed by Hans Sy (1,657th, $2.1 billion), Herbert Sy (1,731st, $2 billion), Harley Sy ...