Aquino Legacy: Wealth of richest tripled
Aquino Legacy: Wealth of richest tripled
The country’s few rich became richer while wages and incomes remained low for millions of working Filipinos in the last five years. This would be one of the clear legacies of the Aquino administration, research group IBON said.
What government claims to have been inclusive growth benefited only a few families and corporations. The wealth of the 10 richest Filipinos has more than tripled at 250% from Php650 billion in 2010 to Php2.2 trillion in 2015. Twelve Filipino billionaires have joined the world’s billionaires listed in Forbes Magazine, among them Henry Sy who rose from 97th a year ago to 73rd wealthiest in the world in 2015.
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