Where Do The 14 Richest Filipinos Live?
They prefer to live near each other
Like birds that flock together, most of the 14 extremely wealthy Philippine business tycoons who made it to the Forbes 2017 Global Billionaires List also prefer to live near each other.
Eight of them stay in just four exclusive residential neighborhoods in Makati city, according to information in their respective companies' records. Three live in Forbes Park, another three reside in Dasmariñas Village, one stays in Rockwell Center and another one reported an address along Ayala Avenue.
Forbes Park and Dasmariñas Village, both of which were developed by the Zobel de Ayala family, were the billionaires' top residential choices. Interestingly, no member of the family made it to the Forbes billionaires list despite owning the country's oldest and most valuable property company.
Plotting the addresses on a map, we found that the eight billionaires live within a confined territory with a radius of just 1.5 kilometers or a total area of 7.5 square kilometers. That is just 1.2 percent of the total area of Metro Manila.
The eight tycoons' combined net worth amounted to $32.1 billion. In local currency, that's about Php1.6 trillion, or almost half the Philippine government's Php3.35 trillion budget for 2017.
The six other billionaires are spread out across several cities in Metro Manila. Three live in Quezon City and one each stay in Las Piñas, Mandaluyong and San Juan. Though all live in exclusive communities and none of them live in close proximity to each other.
Lorenzo Kyle Subido is a staff writer of Entrepreneur PH
This story originally appeared on Entrepreneur.com.ph.
* Minor edits have been made by the Realliving.com.ph editors.
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