Edgar Sia II youngest on "40 Richest Filipinos 2011 List" by Forbes Asia

Edgar Sia II (photo), only 34, is the youngest man on Forbes Asia's list of of 40 Richest Filipinos 2011 or the Philippines' 40 Richest List for 2011.

Edgar Sia II is the founder of the fast food chain Mang Inasal and just last October, he sold 70% of his shares in Mang Inasal to Jollibee Foods Corporation for $68.8 million. And that's the reason why he's now worth $85 million and is ranked 40th richest in the Philippines.

Meanwhile, San Miguel Corporation Chairman Eduardo "Danding" Cojuangco Jr is now among the billionaires on Forbes's list. .

The "richest" list came only 2 days after the Supreme Court has made it final that Danding Cojuangco's 20% shares in San Miguel are legitimate and not ill-gotten.

The other new billionaires on Forbes Asia list are DMCI Holdings Inc. founder David Consunji, ICTSI CEO Enrique Razon Jr, businessman Roberto Ongpin, MetroBank founder George Ty and Jollibee founder Tony Tan Caktiong.

The Philippines now has a total of 11 billionaires, from only 5 in 2010.

SM Prime Holdings owner Henry Sy, now 86 years old, is still the richest Filipino, now on his 4th year to top Forbes' list for the Philippines. He's actually getting richer and richer. He had $3.1B net worth in 2008, $3.8B in 2009, $5B last year and (wow!) $7.2B this year.

Philippine Airlines CEO Lucio Tan is also on his 4th year as the 2nd richest man in the Philippines.

Here are the 40 Richest Filipinos for 2011:

		Net Worth ($mil)
1	Henry Sy	7,200
2	Lucio Tan	2,800
3	John Gokongwei Jr.	2,400
4	Andrew Tan	2,000
5	David Consunji	1,900
6	Jaime Zobel de Ayala	1,700
7	Enrique Razon Jr.	1,600
8	Eduardo Cojuangco Jr.	1,400
9	Roberto Ongpin	1,300
10	George Ty	1,100
11	Tony Tan Caktiong	1,000
12	Inigo & Mercedes Zobel	980
13	Emilio Yap	930
14	Andrew Gotianun	795
15	Jon Ramon Aboitiz	760
16	Beatrice Campos	685
17	Manuel Villar	620
18	Vivian Que Azcona	555
19	Robert Coyiuto Jr.	400
20	Mariano Tan	375
21	Alfonso Yuchengco	370
22	Enrique Aboitiz	310
23	Oscar Lopez	280
24	Jose Antonio	245
25	Eric Recto	200
26	Gilberto Duavit	190
27	Menardo Jimenez	185
28	Alfredo Ramos	180
29	Betty Ang	165
30	Felipe Gozon	163
31	Tomas Alcantara	160
32	Benjamin Romualdez	155
33	Wilfred Uytengsu Jr.	150
34	Manuel Zamora Jr.	145
35	Jacinto Ng Sr.	115
36	Frederick Dy	110
37	Luis Virata	100
38	Bienvenido Tantoco Sr.	95
39	Eugenio Lopez III	90
40	Edgar Sia II	85




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