The 33rd annual ranking has 2,153 billionaires on the 2019 list, down from 2,208 in 2018. The publication counts 2,153 billionaires, down 55 from 2018, and 46 percent are less wealthy than then.
The amount of billionaires around the globe and the total they're worth shrank over the past year, according to Forbes. Razon improved his ranking worldwide to 379th place from last year's 404th place.
Entrepreneur Manuel B. Villar, who made his fortune by building affordable homes for Filipinos, has been ranked by Forbes Magazine as the top Philippine billionaire with a fortune worth $5.5 billion.
The Asia-Pacific was the hardest hit, with 60 fewer billionaires, led by China, which lost 49. Mining and Oil This sector features Nigerian born Mike Adenuga who's the world's second richest black person, South Africa's only black billionaire Patrice Motsepe (worth USD2.3 billion), and another Nigerian Florunsho Alakija (worth USD1.1 billion) also has interest in the same field.
Closing in on Kuok is Tan Sri Quek Leng Chan of Hong Leong group fame, with his estimated net worth of US$9.4 billion.
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Amazon founder and chief executive Jeff Bezos remains the world's richest person, ahead of Microsoft co-founder Bill Gates and U.S. billionaire investor Warren Buffett.
She is 14th richest in Singapore and No. 1,281 globally with a fortune of US$1.8 billion.
"And this is not without basis, as Villar was able to flip his mid-sized memorial service firm into a P242-billion consolidated real estate company within a year", Mr. Cruz explained, referring to Golden Bria. Mr Wynn's ex-wife, Elaine Wynn, saw her ranking in the list fall to 1,116th place this year with an estimated worth of US$2.1 billion.
Also on the list were Jollibee Foods Corp. founder Tony Tan Caktiong and family, with a net worth of $3.9 billion (529 globally); San Miguel Corp. That's $400 billion less than a year ago.
This represents the first decrease in billionaires and their combined wealth since 2016 and only the second decrease in the past decade. USA -based investor Warren Buffett, chairman and CEO of Berkshire Hathaway Inc, ranked third with an estimated US$82.5 billion, a net worth that has actually shrunk from US$84 billion a year ago.