Bloomberg Billionaires Index

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# 258 Manny Villar $6.76B

Random fact: Some of Vista's homes cost less than $20,000.

Overview

Villar is the chairman of Vista Land & Lifescapes, the largest home builder in the Philippines. The Mandaluyong City-based company has built more than 300,000 houses in about 140 cities. The billionaire also owns stakes in Golden Bria Holdings, a property and death care company, and Starmalls, a shopping mall operator.

As of :
Last change +$14.7M ( +0.2%)
YTD change +$2.26B ( +50.3%)
Industry Diversified
Biggest asset HVN PM Equity
Citizenship Philippines
Age 69
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Manny Villar's net worth of $6.76B can buy ...

0
troy ounces of gold
0
barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Villar's fortune is derived from his majority stake in Golden Bria Holdings, a residential property and death care company. He owns 89% of the publicly traded business though Fine Properties, Cambridge Group and directly, according to its 2018 annual report.

He also controls about 72% of Vista Land & Lifescapes, according to its 2018 annual report. These shares are held through Fine Properties, Althorp Holdings, Manuela Corporation and directly, according to the same report. Vista is the largest home builder in the Philippines having built more than 300,000 houses in about 140 cities, according to its website.

Vista Land & Lifescapes owns most of the shares of its publicly traded subsidiary Starmalls, according to Starmalls' 2018 annual report. Villar's holding company also owns 1% of the stock, which is included here. The stake owned by Vista is excluded from the analysis to avoid double counting.

Villar is calculated to own 70% of AllHome Corporation based on his pre-IPO shareholding, as disclosed on the company website, and the terms of the October 2019 offering.

Brian Edang, a spokesperson for Vista Land & Lifescapes, confirmed the sharecounts used in this analysis without commenting further.

Biography

Birthdate: 12/13/1949
Family: Unmarried, No children
Education: University of the Philippines, University of the Philippines

Villar was born in Manila on Dec. 13, 1949. His father worked for the government and his mother was a fishmonger. Villar helped his mother sell fish at a local market as a young boy and credits his mother with teaching him what it takes to be an entrepreneur, according to the Senate of the Philippines website.

He obtained degrees in business administration and accountancy from the University of the Philippines before taking at job as an accountant at Sycip Gorres and Velayo. Soon after he left to start a seafood delivery business.

In 1975, Villar bought two trucks to begin transporting gravel in Las Pinas. This led to housing development. Villars strategy was to provide house and land packages to low income earners. By 1984 he had also founded Golden Haven, a chain of cemeteries.

He entered politics in 1992 and unsuccessfully ran in the 2010 presidential election.

His death care business Golden Haven and Bria Homes merged in 2017.

Villar's married and has three children.

Milestones
  • 1949 Manuel Villar is born.
  • 1975 Purchases two trucks to start gravel transport business.
  • 2006 Becomes Senate president.
  • 2017 Golden haven acquired Bria Homes.