Henry Sy

Date of Birth: December 25, 1924

Zodiac Sign: Capricorn

Date of Death: January 19, 2019

Biography

Henry Sy Sr. was a Filipino-Chinese business magnate, investor, and philanthropist. Known as the “Father of Philippine Retail,” Sy was the founder of SM Investments Corporation, one of the largest conglomerates in the Philippines, with interests in retail, banking, and property development. Born in Fujian, China, Sy moved to the Philippines at a young age and started his career by helping his father in a small sari-sari store. Through sheer hard work and determination, he expanded his business endeavors, opening the first Shoemart store in Manila in 1958. This store eventually grew into a chain of SM Supermalls, now a household name in the Philippines. Sy’s business acumen extended beyond retail; he also founded BDO Unibank and developed numerous real estate properties. His legacy continues through his children, who have taken the reins of his business empire.

5 Interesting Facts about Henry Sy

1. Henry Sy was consistently ranked as the richest person in the Philippines by Forbes for eleven consecutive years until his death.

2. He initially wanted to study in the United States but had to abandon those plans due to financial constraints.

3. He founded the first SM Supermall in Quezon City in 1985, which became a cornerstone of his retail empire.

4. Sy was a philanthropist who contributed to various educational initiatives, including scholarships and school buildings.

5. Despite his enormous wealth, he was known for his humble lifestyle and work ethic, often visiting his stores to oversee operations personally.

5 Most Interesting Quotes from Henry Sy

1. “There is no such thing as overnight success or easy money. If you fail, do not be discouraged; try again.”

2. “I never dreamed about success. I worked for it.”

3. “We are not just building malls. We are building communities.”

4. “Business is not about earning money; it’s about making a difference.”

5. “You have to have a dream, whether big or small. Then plan well, focus, work hard, and be very determined to achieve your goals.”

Highest Net Worth Achieved

At the peak of his career, Henry Sy Sr.’s net worth was estimated at $19 billion (USD) by Forbes.

Children

Henry Sy Sr. had six children: Teresita Sy-Coson, Elizabeth Sy, Henry Sy Jr., Hans Sy, Herbert Sy, and Harley Sy. Many of his children are actively involved in running the family’s conglomerates, ensuring the continuity of his business legacy.