Henry Sy
Diversified

Henry Sy Net Worth

Henry Sy, born on October 25, 1924 in Manila, Philippines, is the chairman emeritus of SM Investments, one of the largest conglomerates in the Philippines with $6.7 billion in revenue in 2016. He began his business career by working in his father's convenience store and eventually saved enough money to open his own footwear shop. Sy has been the top of the Forbes Philippines Rich List for the past decade.
Henry Sy is a member of Diversified

Age, Biography and Wiki

Birth Day October 25, 1924
Birth Place Manila, Philippines, Philippines
Age 99 YEARS OLD
Birth Sign Scorpio
Native name 施至成
Residence Manila, Philippines
Education Far Eastern University
Occupation Businessman
Known for Founder of SM Group
Spouse(s) Felicidad Tan-Sy
Children 6 (inc. Teresita)
Parent(s) Henry H. Sy Tan O Sia

💰 Net worth: $18.3 Billion (2024)

In 2024, Henry Sy is estimated to have a remarkable net worth of $18.3 billion. Recognized as one of the most successful entrepreneurs in the Philippines, Henry Sy is widely known for his diverse business ventures across various industries. His business empire encompasses real estate, retail, banking, and hospitality, among others. As a true visionary and a pioneer of modern retail in the Philippines, Henry Sy's ventures have greatly contributed to the country's economic growth and development. With his diversified interests and extensive success, Henry Sy continues to be an influential figure in the business world, leaving a lasting impact on the Philippine economy.

2009 $2.7 Billion
2010 $4.2 Billion
2011 $5.8 Billion
2012 $8 Billion
2013 $13.2 Billion
2014 $11.4 Billion
2015 $14.2 Billion
2016 $12.9 Billion
2017 $12.7 Billion
2018 $19.62 Billion

Famous Quotes:

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.

Biography/Timeline

1924

Henry Sy was born to a poor family in Ankhue Village, Jinjiang City Fujian, Province of China on October 25, 1924. He is the son of Henry H. Sy and Domini Magdaraog.

1950

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.

1956

In 1956, Sy established a small shoe store in Quiapo, Manila that marked the establishment of SM Prime Holdings. In November 1972, the small shoe store became SM Quiapo, SM's first stand alone department store.

1985

On November 8, 1985, he established his first SM Supermall, SM City North EDSA.

1999

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. He organized the SM Foundation Inc., which helps underprivileged and promising young Filipinos.

2005

In August 2005, Sy's stake in the San Miguel Corporation, Southeast Asia's largest food and beverage conglomerate, reached 11%. He sold that stake in October 2007 for $680 million.

2006

Sy is considered a tai-pan. The Sy group is the operator of Banco de Oro and owner of Chinabank. 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. The merger created the Philippines' second largest financial institution with resources of close to $17 billion.

2010

He is the Philippines' richest man, gaining $5 billion in 2010, amid the global financial crisis. The huge gain was due to his holding company, SM Investments Corporation, which has interests in Banco de Oro, inter alia. Forbes magazine's 2008 list of 40 wealthiest Filipinos revealed the Sy family's net worth was $6.2 billion. Earlier, he was the second-wealthiest individual in the Philippines, next to Lucio Tan, and (as of 2010) 201st-wealthiest in the world.

2017

In 2017, Sy stepped down as chairman of SM Investments Corporation.

Some Henry Sy images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.