Henry Sy was born in China in 1924 and immigrated to the Philippines. He started his business by selling shoes and established his first store, SM Quiapo, in 1958. Sy grew SM into a conglomerate with interests in real estate, retail, banking, and other industries. Some of his major accomplishments include establishing SM North EDSA, the first SM Supermall, in 1985 and opening the Mall of Asia in 2006. Sy has a net worth of $12 billion as of 2013 and supports over 1,300 college scholarships for underprivileged students. He emphasizes values like integrity, trust, and optimism in business and life.

1. Dalisay, Akeel Zean D. / ENTREP S10

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Born Shī Zhìchéng on December 25, 1924 in
Xiamen, China.
Went to Chiang Kai Shek College for his
secondary education; Associate of Arts degree in
Commercial Studies at Far Eastern University in
1950; Honorary Doctorate in Business
Management, De La Salle University in 1999.
He has six (6) children.
Chinese-Filipino businessman with interests in
retailing, real estate, hospitality, banking,
mining, education including healthcare services.

3. He started by selling rejected and overrun shoes
from Tondo, Manila.
 In 1958, established a small shoe store in
Quiapo, Manila that marked the establishment
of SM Prime Holdings.
 1972, the small shoe store became SM Quiapo,
SM's first standalone department store.
 1985, he established his first SM Supermall, SM
City North EDSA.
 2006, SM Mall of Asia, built in the reclamation
area of Pasay City, was opened to the public (3rdlargest mall in the world as of 2012).
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SM Prime Holdings
Real estate (SMDC)
SM Investments Corporation
Banco de Oro Universal Bank, China Banking Corporation
Belle Corporation (leading Philippine developer of high-end residential
and leisure properties)
Highlands Prime, Inc. (engages in developing leisure properties in the
Philippines)
National University
1999 Management Man of the Year" by the Makati Business Club
40 Richest Filipinos of 2008
Forbes magazine Heroes of Philanthropy 2009
1st Chinese-Filipino recipient of the PCE Big Brother of Filipino
Entrepreneurs award (2006)
1st Chinese-Filipino recipient of the PRA President's Award (2005)

5. The Philippines' Retail King
Philippines Richest Man for 6th year in a row
(Forbes Philippines); $570 million profit in 2012
(SM Investments)
 Net worth of $12 billion as of July 2013.
 Lucio Tan ranks 2nd with $7.5 billion
 He puts utmost importance in education.
 He supports 1,300 college scholars from
underprivileged families, many of them bright
students who come from public schools.
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“I have always believed that if we do well, we
must also do something to help others in
society.”
“When I received an honorary degree at De La
Salle University in 1999, I told the graduating
students that they were lucky to have so much
at the start of their career, much more than I
ever had.”
“We believe that it is better to give one a rod to
fish rather than just dole out fish to them. It’s
about creating opportunities for selfsufficiency.”

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“You have to have a dream, whether big or
small. Then plan, focus, work hard and be very
determined to achieve your goals. There is no
substitute for hard work. There is no such thing
as overnight success or easy money.”
“In life and in business, you need to be goodhearted and trustworthy, and to have integrity.
This is the way to build long-term relationships.
It is also important to be optimistic and to look
at challenges as opportunities.“

8.  http://en.wikipedia.org/wiki/Henry_Sy
 http://www.forbes.com/profile/henry-
sy/
 http://business.inquirer.net/135963/hen
ry-sy-9-other-taipans-top-forbes-richlist-in-ph
 http://lifestyle.inquirer.net/118101/henr
y-sys-second-chance-at-schooling

9. Dalisay, Akeel Zean D. / ENTREP S10