Henry Sy was bornon 25 October 1924 in Manila, Philippines, Philippines. Henry Sy is #54 in List Billionaires People In The World. Henry Sy is chairman emeritus of SM Investments, one of Philippines' largest conglomerates which saw $6.7 billion in revenue in 2016. He started out by learning the ropes of retail beside his father in the family's convenience store. After saving enough money, he went out on his own and started his first business with a footwear shop. Sy has topped the Forbes Philippines Rich List for ten years in a row.
You have to have a dream, whether big or small. Then plan, focus, work hard and be very determined to achieve your goals. There is no substitute for hard work.
In 2017, Sy stepped down as chairman of SM Investments Corporation
In 2015, Forbes magazine listed him as the richest man in the Philippines, ahead of 11 other billionaires including John Gokongwei and Lucio Tan
Earlier, he was the second-wealthiest individual in the Philippines, next to Lucio Tan, and (as of 2010) 201st-wealthiest in the world
Forbes magazine's 2008 list of 40 wealthiest Filipinos revealed the Sy family's net worth was $6
He sold that stake in October 2007 for $680 million
In 2006, he bought the remaining 66% of Equitable PCI Bank which is merged with BDO today, the Philippines' third largest lender, in which he already had a 34% stake, and merged it with Banco de Oro in 2007
In August 2005, Sy's stake in the San Miguel Corporation, Southeast Asia's largest food and beverage conglomerate, reached 11%
Sy was named "Richest Man of the Year" by the Makati Business Club in 1999 and was conferred an Honorary Doctorate in Business Management by De La Salle University in January of that year
On November 8, 1985, he established his first SM Supermalls, SM City North EDSA
In November 1972, the small shoe store became SM Quiapo, SM's first stand alone department store
In 1956, Sy established a small shoe store in Quiapo, Manila that marked the establishment of SM Prime Holdings
He completed his secondary education in a school now known as Chiang Kai Shek College and earned his Associate of Arts degree in Commercial Studies at Far Eastern University in 1950
Henry Sy was born to a poor family in Ankhue Village, Jinjiang City Fujian, Province of China on October 25, 1924