For if there had been nothing wrong with that first covenant, no place would have been sought for another. Hebrews 8:7, NIV We only emphasize that Christian life we are in is not based on another form of religious ritual but on a covenant. The question is what type of covenant are you in? Is it a covenant of religion or a covenant of love? It should be a covenant of love. Love is a person and that is God (see 1 John 4:16). The covenant we are in is a covenant based on who He is and not on who we are. It's based on what He has done and not on what we have done. When you sign an agreement form, you understand what type of covenant or agreement you are signing in. And this is the reason why still many Christians missed the true essence of Christianity. It's because they don't understand the covenant they are in. In result, many are so called Christians are still living a life like they don't have Christ. There's no real transformation happened. They think Christian...
Bastusan? Forbes spoils Manuel Villar’s crowning as richest Filipino in tweaked ranking of Philippines 50 richest
Surprisingly, Sy, who died in January 2019, kept the bragging rights for the top spot through his six children after Forbes decided to count their individual inheritance which blocked Villar’s anticipated climb to the pinnacle. Sy ruled the list for 11 straight years.
The Sy siblings were listed in first place with a combined net worth of $17.2 billion (Forbes real time listing broke down their holdings as follows: Hans and Herbert with $2.4 billion each, Henry Jr. and Harley with $2.2 billion each, Tessie with $2.1 billion and Elizabeth with $1.9 billion).
If Forbes had stuck with its traditional ranking system of counting net worth individually and not by family members, Villar would have been undisputed numero uno on the list with $6.6 billion.
Forbes also did the same treatment with the four heirs of Metrobank founder George Ty – Arthur, Alfred, Alesandra, and Anjanette – who were also ranked collectively as siblings instead of individually. This allowed Ty, who died in November 2018 or two months after Forbes released its list that year, to remain in ninth place this year with 4 siblings combined net worth of $2.75 billion.
In its explanatory note, Forbes said :”Since 2017, we’re no longer including families in which the founder of the business has died, unless the successors are wealthy enough to make the cutoff individually; in these cases, we combine the inherited fortunes.”
This explains why the six Consunji siblings – Josefa, Isidro, Jorge, Luz, Maria Cristina and Maria Edwina – were listed on the list for the first time in 2018 after the death family patriarch David Consunji in 2017. In the 2019 list, the Consunjis ranked No. 13 with a net worth of $2 billion.
Other siblings on the 2019 list are Vivian Que Azcona and her siblings of the Mercury Drug group with a combined net worth of $1.15 billion and the Campos siblings of Unilab group – Jocelyn, Joselito and Jeffrey – with a combined net worth of $650 million.
Forbes’s Grace Cheung wrote: “Vivian Que Azcona’s net worth now includes stakes held by four of her siblings. While Vivian holds the largest slice of Mercury Drugs, each of them was wealthy enough to make the cutoff on their own, thus the added $860 million.”
Had Forbes decided to keep their old system and ranked the richest Filipinos individually, nearly half of the people on the list would not make the Top 50 list.
Source: Bilyonaryo