The World’s Billionaires - #234 Henry Sy & family

March 12, 2009 | By admin |

#234 Henry Sy & family

Net Worth:$2.7 bil
Fortune:self made
Source:malls
Age:84
Country Of Citizenship:Philippines
Residence:Manila
Industry:Diversified
Education:NA,
Marital Status:married, 6 children

The richest man in the Philippines arrived there at age 13 from China to help out at father’s small convenience store. Saved to start a small shoe store in Manila and built it into one of the country’s largest retailers. Now controls the Philippines’ largest shopping mall developer, SM Prime Holdings, which opened its 31st mall last year, run by son Hans Sy; country’s largest bank, Banco de Oro Unibank, run by daughter Teresita Sy-Coson. Shares fortune, which includes stakes in a dozen companies with wife and children. Last year bought a 60% stake in Manila’s National University for an undisclosed sum. In December family’s SM Investment Corp. announced plans to start building casinos in Manila. Forbes

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