Forbes’ Philippines 40 Wealthiest

Here is the updated list of the Philippines’ who’s who or the wealthiest 40 from Forbes.

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While attaining wealth by providing consumers their invaluable goods and services is the most admirable trait of successful entrepreneurs, in the Philippine setting, some may have achieved their lofty status from political entrepreneurship or obtaining economic privileges from political concessions.

They are what author Joe Studwell calls as the Asian Godfathers who are “highly effective traders in rent-offering environment.”