(FILES) Photo taken October 15, 2007 sho

(FILES) Photo taken October 15, 2007 shows Filipino tycoon Henry Sy (L) and Fernando Zobel de Ayala (R), chairman of the board of property firm Ayala Land attend the launch of an Ayala Land-run shopping mall in Manila. A shopping mall mogul has become the Philippines richest man after amassing 1.4 billion USD in past year, while his peers were hit by the global financial crisis, it was announced October 16, 2008. The fortune that Henry Sy made was the "biggest gain in absolute terms" of the country's wealthiest 40 families, who saw their collective wealth plunge 18 percent amid the world credit turmoil, Forbes magazine said in a statement. Jaime Zobel de Ayala and family slipped from first to third as their wealth suffered a massive drop of 800 million dollars, to 1.2 billion USD, Forbes said. . AFP PHOTO/Jay DIRECTO (Photo credit should read JAY DIRECTO/AFP via Getty Images)
(FILES) Photo taken October 15, 2007 shows Filipino tycoon Henry Sy (L) and Fernando Zobel de Ayala (R), chairman of the board of property firm Ayala Land attend the launch of an Ayala Land-run shopping mall in Manila. A shopping mall mogul has become the Philippines richest man after amassing 1.4 billion USD in past year, while his peers were hit by the global financial crisis, it was announced October 16, 2008. The fortune that Henry Sy made was the "biggest gain in absolute terms" of the country's wealthiest 40 families, who saw their collective wealth plunge 18 percent amid the world credit turmoil, Forbes magazine said in a statement. Jaime Zobel de Ayala and family slipped from first to third as their wealth suffered a massive drop of 800 million dollars, to 1.2 billion USD, Forbes said. . AFP PHOTO/Jay DIRECTO (Photo credit should read JAY DIRECTO/AFP via Getty Images)
(FILES) Photo taken October 15, 2007 sho
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Credit:
JAY DIRECTO / Stringer
Editorial #:
83292671
Collection:
AFP
Date created:
15 October, 2007
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Licence type:
Rights-managed
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Source:
AFP
Barcode:
AFP
Object name:
Hkg1764291