Array
Real Estate

Where Do The 14 Richest Filipinos Live?

They prefer to live near each other

Shares
Photography: Pexels

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.

ADVERTISEMENT - CONTINUE READING BELOW

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.

CONTINUE READING BELOW
Recommended Videos

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.

ADVERTISEMENT - CONTINUE READING BELOW

*****

 

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.

More on Realliving.com.ph

Shares

Read more stories about

Latest Stories

6 Powerful Countertop Ovens to Gift Yourself This Christmas

These countertop ovens have a cooking capacity from 42 liters to 90 liters.

These Mini Christmas Trees Will Make Your Small Space Feel Festive

For anyone who's already in the mood to decorate for the holidays.

Chic Kitchen Finds Under P1,000 You Can Buy on Lazada

In case you missed it, Landmark's department store is now available on Lazada!

LJ Moreno, Jimmy Alapag Give a Tour of Their Two-Story Home in the States

The "formal living room," as LJ calls it, is spacious!

This Woman Has a Pet Cemetery in Her Home in Cebu City

This homeowner dedicated a special spot in her garden for her beloved pets.

WATCH: The Details We Love About Bea Alonzo's Christmas Tree

They added twigs to the tree to make it look more natural!

See How Andi Eigenmann Organized Her Home

She turned her bar into a sanitation area!

Colors You'll Want to Paint Your Living Room With

Make it cozy, inviting, and most importantly, restful.

See How This Homeowner Gave Her Small Kitchen a Makeover

Check out how she maximized her space!

6 Beginner-Friendly Houseplants You Can Give as Gifts This Christmas

You might even want to get an extra one for yourself!
Load More Stories

Get inspiring design ideas and handy hints.
Subscribe to our newsletter now!