Henry Sy was born to a poor family in, China on December 25, 1924. He is the son of Henry H. Sy and Tan O Sia. He completed his secondary education in a school now known as Chiang kai college and earned his Associate of Arts degree in Commercial studies at FEU in 1950. In 1958, Sy established a small shoe store in Quiapo, manila that marked the establishment of SM Prime Holdings In November 1972, the small shoe store became sm quiapo, SM's first standalone department store. On November 25, 1985, he established his first supermalls north edsa He is the Philippines' richest man, gaining $5 billion in 2010, amid the global financial crisis. The huge gain was due to his holding company,SM invesments corporations, which has interests in Banco de Oro , inter alia.Forbes magazine's 2008 list of 40 wealthiest Filipinos, revealed the Sy family's net worth was $6.2 billion. Earlier, he was the second wealthiest individual in the PhilippinesAll Rights Reserved
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