Philippines’ 50 Richest

Buoyed by domestic demand and an uptick in infrastructure investments, the Philippine economy expanded by 5.4% in the first quarter of 2025, but U.S. tariffs proved to be a spoiler. The country’s benchmark stock market index dipped 7% since we last measured fortunes, though that was partially offset by a firmer peso. As a result, the collective wealth of the country’s 50 richest was up over 6% to $86 billion from $80.8 billion last year.