Henry Sy net worth

Henry Sy net worth

Net Worth: $12.1 Million

About Henry Sy

Henry Sy net worth

It has been claimed that the overall amount of Henry Sy net worth reaches as high as 12.1 billion dollars. He has earned a huge part of his net worth because of his career in business. Henry Sy is considered as one of the richest business magnates in the world. In addition to that, Henry Sy is an active philanthropist. Moreover, he is involved in many philanthropic activities. Henry Sy is involved into many different spheres, such as baking, mining, real estate, health care, education and hospitality. All of these spheres have added up a lot to the overall sum of Henry Sy net worth.
Henry Sy has worked closely with the SM Malls, anchored by Shoemart Department Store and Supermarket. Currently, he is working as a chairman of SM Prime in, Inc. This company is a holding corporation which takes care of all his business activities. In 2011, Henry Sy became the wealthiest man in the Philippines, according to Forbes Magazine.
The businessman was born in 1924 in China in a very poor family. In 1950, he graduated from Far Eastern University, from which he earned his Associate of Arts degree in Commercial Studies.

In 1958 he started his business when he created a shoe store in Manila. This was the beginning of SM Prime Holdings. In 1972, the store was turned into SM Quiapo. This was the first SM department store.
In 1985, Henry Sy founded the first SM Supermall, which was SM City North EDSA. In 2010, it was stated that all of his activities earned him a net worth of 5 million dollars and at that time he was already considered as the Philippines’ richest man. One of the main sources of Henry Sy net worth is SM Investments Corporation. In 2008, Forbes Magazine stated that his net worth stood at 6.2 billion dollars. With this net worth, he was proved to be the richest Philippine man. Before that, he was always in the second place in the list as the first position was occupied by Lucio Tan.
In 1999, Henry Sy got the title of the Management Man of the Year, which was given to him by the Makati Business Club. In the same year, he got his Honorary Doctorate in Business Management from De La Salle University. Henry Sy has started his own company which helps young people from the Philippines to seek for a better future, called the SM Foundation Inc.

Now you have an idea why Henry Sy net worth is this huge


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