The family has a diversified source of wealth. Henry Sy was Philippines’ richest person for 11 consecutive years. When he died in 2018 he had a net worth of $19 billion.
Henry Sy was a Filipino businessman and investor. He died on 19 January, 2019. He was the founder of SM Investments which owns 49 SM malls, 62 departmental stores, 56 supermarkets and 200 grocery stores.
He was the owner of Bano de Oro which was the second largest bank in Philippines. He owned real estate properties.
In 1972, he launched SM Quiapo as his first departmental store. In 1985, he opened SM Supermall. In 1990s he opened more shopping malls. In 1994 he registered SM Prime Holdings.
In order to help the elderly, youth and disabled Henry Sy established SM Foundation.
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