PHILIPPINES’ RICHEST 2021

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PHILIPPINES

The Philippines’ fortunes have improved significantly: the wealth of the country’s 50 wealthiest people has increased by 30% to $79 billion. Despite the effects of Covid-19, the economy grew by double digits in the second quarter of this year. Investor confidence remained high, resulting in a 13 percent increase in the benchmark stock index over the previous year.

PHILIPPINES’ RICHEST 2021