Friday, June 22, 2012

Mang Inasal’s Edgar Sia is the Youngest Filipino Billionaire in Forbes List

He is just 35, and yet he is already a billionaire.

Edgar Sia of Mang Inasal made it to the list of the 40 Richest Filipinos for 2012 by Forbes.  He is also the youngest in the list.

Sia, an architect, who ventured into the food business is now worth $140 million or P5.8 billion.  

Still topping the list is Henry Sy of SM with a networth of $9.1 billion or a whopping P385 billion.  Sy is 116th in the world listing of richest people in the planet.

Check full list of Richest Filipinos for 2012 here.

Other names in the list of the wealthiest Filipinos are Enrique Razon, Lucio Tan, Andrew Tan, Roberto Ongpin, George Ty and Eduardo Cojuangco.

Mang Inasal was bought by food giant Jollibee Food Corporation for about P1 billion though Sia is still at the helm of its operations with 445 branches nationwide.

The company started in December 2003 in Iloilo City.  Today, it employs about 10,000 people.

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