Age – 93
Source Of Wealth – diversified, Self Made
Residence – Manila, Philippines
Citizenship – Philippines
Marital Status – Married
Children – 6
Education – Bachelor of Arts / Science, Far Eastern University
The country’s richest man, Henry Sy is even richer as the value of his publicly traded conglomerates, SM Investments and SM Prime Holdings, have increased by 17% and 20%, respectively over the past year. The companies announced record income from banking and retail businesses and two new mall partnerships in 2014. Its growth plans involve building “micro-cities” around some of its existing mall properties with the objective to build 10 mixed-use townships by 2020 as part of an estimated $11 billion expansion. Sy also has a stake in privately-owned electricity firm National Grid Corp., which supplies power to the entire country. Sy’s eldest daughter, Teresita Sy-Coson, has been actively involved in expanding the firm’s retail sector and chairs BDO Unibank. Sy got his start at a young age working at his family’s convenience store and later opened his first business, a footwear shop.
*Bilyonaryo rankings based on Forbes.com real-time results as of January 15, 2019.