The richest man changes! Gambling tycoon Enrique Razon Jr. surpasses real estate magnate to become the wealthiest person in the Philippines.

The Philippines' wealthy landscape has undergone significant changes. Gaming and infrastructure tycoon Enrique "Ricky" Razon Jr. has ascended to the throne of the richest man in the Philippines with a net worth of approximately $11.9 billion, successfully replacing real estate developer Manny Villar