Razon recorded an estimated net worth of $21.8 billion, placing him first in the annual ranking for the first time. He previously ranked second, with his fortune estimated at $11.5 billion in the prior edition. The ports operator saw its shares more than double over the past year, helping Razon add $10.3 billion to his wealth. Andrew Tan, chairman of Alliance Global Group Inc., ranked 14th with an estimated fortune of $1.8 billion. Philippine Billionaires Face Broader Market PressureAlthough several gaming-linked entrepreneurs retained prominent rankings, the overall wealth of the Philippines’ richest individuals declined during the year.