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Philippines’ former richest man Manuel Villar drops out of top 5 after $8.6B loss

Manuel Villar, once the Philippines' wealthiest individual, has slipped to No. 9 on Forbes' rankings of the country's billionaires after his flagship's stock collapsed and wiped $8.6 billion from his net worth.

Philippines’ former richest man Manuel Villar drops out of top 5 after $8.6B loss

We haven't written up this one. VnExpress Business has the full story — the link below goes straight to it.

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