维拉尔财富一夜蒸发118亿美元，恐将被蔡启文超越

Core Insights - Manny Villar's net worth has significantly decreased by $11.8 billion following the resumption of trading for Villar Land shares, as estimated by Forbes [2][4] - Villar is now among the biggest losers among billionaires globally over the past two days, with his net worth dropping from a peak of $17.5 billion earlier this year to $5.4 billion [4] - The decline in Villar's wealth poses a risk of being surpassed by San Miguel Corp. President, Ramon Ang, who currently has a net worth of $3.5 billion [6] Company Performance - Villar Land's stock price surged to a historical high of 2,498 pesos per share earlier this year, driven by a reported profit of 999 billion pesos, largely due to a revaluation of 366 hectares of land acquired from Villar's private holding company [4] - Following regulatory scrutiny over the valuation of 1.3 trillion pesos, trading of Villar Land shares was suspended in March, and the auditing firm requested the cancellation of the revaluation [4] - Since resuming trading on November 14, Villar Land's stock price has dropped by more than half, with the company's market capitalization shrinking from approximately 1.5 trillion pesos to 725.28 billion pesos as of November 15 [4][5] Market Context - The significant drop in Villar's wealth and the stock price of Villar Land reflects a broader trend of volatility in the real estate sector, particularly in the Philippines [4][5] - The company's statement to the Capital Markets Integrity Corp. indicated no major information or events to explain the stock price decline, highlighting the uncertainty in the market [5]