Forbes: Janet Lim Napoles is 9th Richest Woman in Asia; Richest Woman in Philippines

  11/12/2014 | 3:25 0 Posted in Local Issues 

janet_napoles_rich11/12/2014 – Manila | If you think that the Philippines has no place in Asia when talking about richest people, let alone richest women, you are wrong. Forbes reported that Janet Lim Napoles slipped into the top 10 lists of wealthiest women in Asia before the PDAF scam scandal broke out.

According to the source, Napoles had a total personal ill-gotten wealth of $987 million good for 9th place in the top ten richest women in Asia. Napoles is also $24 million richer than the former First Lady and Congresswoman Imelda Romualdes Marcos, who has $965 million in total personal wealth.

Napoles accumulated majority of her wealth over the course of many years from Philippine government’s budget, through and with the association of several politicians especially senators Ramon “Bong” Revilla Jr, Jinggoy Estrada, and Juan Ponce Enrile, report said.

The following is the list of Top 10 Richest Women in Asia.

  1. Savitri Jindal, Asia’s richest woman and the widow of the founder of steel and power conglomerate O P Jindal Group, is the richest billionaire mother with a net worth of $12.2 billion
  2. Ms Yang Huiyan, 30, comes in at 196th on Forbes’ 2014 billionaires list. Worth $8.75 billion.
  3. Ms Pansy Ho, 51, is 212th on Forbes’ latest billionaires list. She is the daughter and heir apparent of casino tycoon Stanley Ho, and the richest woman in Hong Kong. Worth $6.89 billion.
  4. Ms Chan Laiwa, 73, also known as Chen Lihua, comes in at 234th on the Forbes’ billionaires list. Ms Chen is the founder of Fu Wah International Group, one of China’s largest commercial property developers. Worth $4.87 billion.
  5. SoHo China CEO Zhang Xin, 48, is 408th on the Forbes list. Together with her entrepreneur husband Pan Shiyi, she founded SoHo, central Beijing’s largest property developer best known for its iconic building designs. Worth $3.85 billion.
  6. Ms Angela Leong, 52, 609th on Forbes’ billionaires list, is worth US$2.8 billion. She is the mother of five of casino tycoon Stanley Ho’s children
  7. Ms Lee Boo Jin, 43, a daughter of Samsung Group chairman Lee Kun Hee, is the CEO of Hotel Shilla, a chain of luxurious hotels and duty-free shops. She is 1284th on the Forbes list. Worth $2.2 billion.
  8. Perenna Kei, a Chinese businesswoman and billionaire with a net worth of $1.3 billion.
  9. Janet Lim Napoles, a Filipino businesswoman and government contractor worth $965 million.
  10. Karen Agustiawan, is the president and CEO of Indonesia’s state oil and gas company Pertamina. Worth $925 million.

Majority of Napoles’ assets are currently frozen as per order of the Senate and the Supreme Court while she is detained for alleged massive corruption.

/Dina Macuja/ Assisted Press Manila

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