# @forbes on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DNEpzzEuq2p
- **Gondola URL:** https://gondola.cc/posts/33200727-forbes-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/636cfd78b1.jpg
- **Posted:** 2025-08-07T23:45:14.000+00:00
- **Account Owner:** Forbes (@Forbes) — https://gondola.cc/Forbes

## Caption

Buoyed by domestic demand and an uptick in infrastructure investments, the #Philippine economy expanded by 5.4% in the first quarter of 2025, but U.S. tariffs proved to be a spoiler. The country’s benchmark stock market index dipped 7% since we last measured fortunes, though that was partially offset by a firmer peso. As a result, the collective #wealth of the country’s 50 richest was up over 6% to $86 billion from $80.8 billion last year.

The Sy siblings, heirs to the SM group built by the late retail tycoon Henry Sy Sr., retained the top spot despite their #fortune falling by $1.2 billion—the biggest drop in dollar terms—to $11.8 billion. 

Read more about the #Philippines’ 50 Richest 2025 at the link in our bio. (Photo: Ore Huiying/Bloomberg)

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## Tags

wealth, philippines, philippine, fortune

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