# Forbes 2024: The richest change in the Philippines past Casino Tycoon According to Forbes' latest annual tally, several figures in the gaming industry are making big moves, placing themselves on the Philippines' list of the 50 richest people, with Enrique K. Rajon Jr., now chairman and CEO of Bloomberry Resorts Corporation, coming in second. Rajon's net worth has surged by about $3 billion over the past year to a whopping $11.1 billion, largely thanks to International Container Terminal Services, a powerful shipping venture that has seen its shares rise nearly 80%. Casino and Real Estate Tycoon Are seeing big gains: Rajon's expansion in the casino sector, including the recent opening of a new Soler Resort North in Quezon City, adds to his real interest in various industries such as real estate and utilities. He was followed by another real estate giant, Manuel Villar, who came in third with a fortune of $10.9 billion after a $1.2 billion increase. Villar said he plans to open two new integrated casino resorts in Manila in the coming years, which is expected to further strengthen his portfolio. Other celebrities include Lance Gorkonway, who holds a significant stake in Universal Hotels and Resorts, his brothers, and Andrew Tan, founder of Alliance Global Group, which invests in Newport World Resorts, with a $1.8 billion fortune. As reported by Inside Asian Gaming, the Sy family remains No. 1 with a total wealth of $13 billion, but down from $14.4 billion a year earlier. Their wealth primarily comes from major players in the retail and real estate sectors, SM Investment Corporation and SM Prime Holdings. In addition, their partnership with Melco Resorts & Entertainment Ltd highlights their continued interest in City of Dream Manila. Forbes noted that the cumulative wealth of the listing elite is little changed year-over-year, amounting to around $80.8 billion. This stability comes amid a range of economic challenges and reflects the important role the gaming sector plays in the dynamics within the Philippines. Strategic Investments and Future Prospects: Consistently recognized as one of the biggest gainers, Rajon has been strategically influential in the gaming industry, particularly in Soler Resorts and Casino and newly launched Soler Resorts North. His business insights have become evident as he capitalizes on a global trade rebound that has significantly boosted his main business, international container terminal services. Manuel Villa Jr. plans to invest around $1 billion to further strengthen its influence in gaming, with the goal of opening the resort, which it plans to do by mid-2025. Meanwhile, Dennis UY has seen a decline in its position despite continuing to push for gaming and hospitality ventures. [홀짝게임](https://www.homeplate.kr) The changes highlight the dynamic nature of the Philippines' wealth and the dynamics of investment, with casino and real estate investments continuing to play a pivotal role in shaping the financial environment for the wealthiest individuals in the country. According to Forbes' latest annual tally, several figures in the gaming industry are making big moves, placing themselves on the Philippines' list of the 50 richest people, with Enrique K. Rajon Jr., now chairman and CEO of Bloomberry Resorts Corporation, coming in second. Rajon's net worth has surged by about $3 billion over the past year to a whopping $11.1 billion, largely thanks to International Container Terminal Services, a powerful shipping venture that has seen its shares rise nearly 80%. Casino and Real Estate Tycoon Are seeing big gains: Rajon's expansion in the casino sector, including the recent opening of a new Soler Resort North in Quezon City, adds to his real interest in various industries such as real estate and utilities. He was followed by another real estate giant, Manuel Villar, who came in third with a fortune of $10.9 billion after a $1.2 billion increase. Villar said he plans to open two new integrated casino resorts in Manila in the coming years, which is expected to further strengthen his portfolio. Other celebrities include Lance Gorkonway, who holds a significant stake in Universal Hotels and Resorts, his brothers, and Andrew Tan, founder of Alliance Global Group, which invests in Newport World Resorts, with a $1.8 billion fortune. As reported by Inside Asian Gaming, the Sy family remains No. 1 with a total wealth of $13 billion, but down from $14.4 billion a year earlier. Their wealth primarily comes from major players in the retail and real estate sectors, SM Investment Corporation and SM Prime Holdings. In addition, their partnership with Melco Resorts & Entertainment Ltd highlights their continued interest in City of Dream Manila. Forbes noted that the cumulative wealth of the listing elite is little changed year-over-year, amounting to around $80.8 billion. This stability comes amid a range of economic challenges and reflects the important role the gaming sector plays in the dynamics within the Philippines. Strategic Investments and Future Prospects: Consistently recognized as one of the biggest gainers, Rajon has been strategically influential in the gaming industry, particularly in Soler Resorts and Casino and newly launched Soler Resorts North. His business insights have become evident as he capitalizes on a global trade rebound that has significantly boosted his main business, international container terminal services. Manuel Villa Jr. plans to invest around $1 billion to further strengthen its influence in gaming, with the goal of opening the resort, which it plans to do by mid-2025. Meanwhile, Dennis UY has seen a decline in its position despite continuing to push for gaming and hospitality ventures. The changes highlight the dynamic nature of the Philippines' wealth and the dynamics of investment, with casino and real estate investments continuing to play a pivotal role in shaping the financial environment for the wealthiest individuals in the country.