In 2018 billionaire ranking list by Forbes, Mr. Henry Sy Sr., 93 years old, was listed as the world’s 52nd richest person with a net worth of $20 billion. He is also the richest person in Philippines and has topped the Forbes Philippines Rich List for ten years in a row. His family-owned SM Investments is the largest retailer in the Philippines, with stakes in banking, property and retail. (Source: https://www.forbes.com/billionaires/list/)
Mr. Henry Sy Sr. ranked 52nd in 2018 world’s billionaire by Forbes
Mr. Henry Sy Sr., Founder of SM
Mr. Henry Sy, Sr., the founder of SM Group, is the Chairman Emeritus of SM Investments Corp. and currently Chairman of SM Development and Highlands Prime Inc. He is likewise Chairman Emeritus of BDO Universal Bank, Inc., SM Prime Holdings, Inc., and Honorary Chairman of China Banking Corporation.
He opened the first Shoemart store in 1958 and has evolved it from a shop store to a department store in 1970s. After about 10 years, SM Department Store became the pioneer of retail industry in the Philippine. Now SM is composed of 5 listed companies, is one of the largest listed companies in the Philippines and one of the largest integrated property developers in Southeast Asia. SM's major business covers areas of mall operation, retail, banking, property, and hotel & convention center management.
SM City North EDSA
SM Prime Holdings, Inc., one of the leading integrated property companies in Southeast Asia, reaches PHP 1 Trillion market value in 2017, which makes it the first Philippine company to reach this milestone in the market. Now SM owns 77 supermalls worldwide, the total GFA reach nearly 9.7 million square meters with daily foot traffic reach 4 million. Since setting foot in China in 2001, SM has invested in 8 cities. SM City Tianjin, one of world’s biggest supermalls, has soft-opened over a year and is now on world-wide leasing. In year 2018, SM China will focus on the construction of Xiamen complex and Yangzhou complex.
SM China
The recognition by Forbes again shows the strength and bright future of SM, under its plan of "Life-Style Cities", SM Group continues to pursue a vision of creating innovative and sustainable complex projects, contributing to a vibrant life for countless people.