Despite European woes, the Philippines’ remittance-driven economy outperformed most of its neighbors; it grew 6.4% in the last quarter, driven by an ongoing consumer boom and a surge in tourism and outsourcing. The stock market index gained 17% in the past year. The 40 richest on this nation of islands saw their fortunes rise even faster. Their collective wealth grew over $13 billion to $47.4 billion. There are now 15 billionaires, up from 11 a year ago.
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