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Villar lone Filipino in Bloomberg’s list of world’s richest 500

BUSINESS tycoon Manuel B. Villar has surfaced as the only Filipino listed in Bloomberg Billionaire Index, ranking as the 382nd of the world’s top 500 richest people as of January 9, 2021.

Villar’s fortune, consisting of businesses in real estate, retail, and utilities, is estimated to be worth US$6.76 billion—managing to grow US$92.7 million or 1.4 percent from the same day last year despite the stock market crash triggered by pandemic in 2020.

The Bloomberg list ranks Tesla’s Elon Musk as the world’s richest with a total net worth of US$209 billion, followed by Amazon’s Jeff Bezos with $186 billion, and Bill Gates with $134 billion.

Villar has also been ranked by Forbes Magazine as the Philippines’ richest individual in September 2020.

Villar is the Founder and Chairman of Vista Land & Lifescapes, the largest home builder in the Philippines.

The firm has built about 300,000 homes in more than 140 cities.

He also has stakes in Golden Bria Holdings, a property and death care company, and Vistamalls, a shopping mall operator.

He also owns 89 percent of Golden Bria though Fine Properties, Cambridge Group and directly. He also controls about 75 percent of Vista Land through Fine Properties, Althorp Holdings, Manuela Corporation and directly.

Vista Land owns most of the shares of its publicly traded subsidiary Vistamalls while Villar’s holding company also owns 1n percent of the stock. The tycoon is also calculated to own 68 percent of AllHome Corporation.