The Que-Azcona family, owners of Mercury Drug, the Philippines’ largest drugstore chain, made a significant debut in Forbes Magazine’s 2025 list of the 50 richest Filipinos, ranking sixth following the death in April of Vivian Que-Azcona, who had led the company founded by her father, Mariano Que, after World War II.
In 2024, the Que-Azcona family, alongside her siblings, was ranked 14th on the same list with an estimated wealth of USD1.7 billion.
This year, Forbes reported that the family’s wealth saw a notable increase, contributing to a larger gain in the collective wealth of the Philippines’ richest, which rose 6 percent to USD86billion. A third of this USD5.2 billion increase came from a substantial upward revision of the Que-Azcona family’s estimated fortune.
The Sy siblings, with their vast business interests ranging from SM shopping malls to BDO Unibank, remain the country’s wealthiest, despite a USD1.2 billion drop in their fortune, bringing their total to USD 11.8 billion.
Meanwhile, the Que-Azcona family’s ascent into the top 10 pushed the Aboitiz family out of the number 10 spot. With a stagnant wealth of USD 2.2 billion, the Aboitiz family slipped to 12th, falling behind the Ty siblings, who control Metrobank, its subsidiaries and other businesses.
Among the biggest gainers this year were spouses Dennis Anthony and Maria Grace Uy of Converge, whose wealth surged 76 percent to an estimated USD1.6 billion.
Davao-based businessman Dennis Uy, who did not make the cut this year, is focusing on reducing the debt of his telecom company, DITO CME Holdings.
Forbes compiled the list using financial data obtained from families, stock exchanges, analysts, and other sources, noting that the rankings include family fortunes shared among extended members, unlike its billionaire list.
