Philippines’ former richest man Manuel Villar drops out of top 5 after $8.6B loss
Over the last year, Villar has seen his wealth shrink to $2.4 billion from $11 billion and his property firm, Villar Land, face criminal complaints from the Philippine Securities and Exchange Commission (SEC). Troubles emerged last May when trading in the firm’s shares was suspended due to delays in submitting its audited financial reports. It … Read more