Bloomberg Billionaires Index

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# 280 Manuel Villar $7.55B

Random fact: Ran for president of the Philippines in 2010.

Overview

Villar is the chairman of Vista Land & Lifescapes, the largest home builder in the Philippines. The Mandaluyong City-based company has built about 400,000 homes in more than 140 cities. The billionaire also owns stakes in Golden Bria Holdings, a property and death care company, and Vistamalls, a shopping mall operator.

As of :
Last change +$432k ( +0.0%)
YTD change +$234M ( +3.2%)
Biggest asset HVN PM Equity
Country / Region Philippines
Age 72
Industry Diversified
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Manuel Villar's net worth of $7.55B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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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 MV Holdings, a property and death care company. He owns about 89% of the publicly traded business though Fine Properties, Cambridge Group and directly, according to its 2021 annual report.

He also controls about 75% of Vista Land & Lifescapes, according to its 2021 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 400,000 homes in about 147 cities, according to its website.

Vista Land & Lifescapes owns most of the shares of its publicly traded subsidiary Vistamalls, according to the 2021 annual report. Villar's holding company also owns 1% of the stock, which is included here. The stake owned by Vista Land is excluded from the analysis to avoid double counting.

Villar is also calculated to own about two-thirds of AllHome Corporation and AllDay Marts based on their 2021 annual reports.

Brian Edang, a spokesperson for Vista Land & Lifescapes, confirmed the holdings without commenting further.

Biography

Birthdate: 12/13/1949
Family: Married, 3 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.