Philippines' wealthiest man and the SM Group Founder Henry Sy Sr. passed away Saturday morning, January 19.
SM Group founder Henry Sy Sr. passed away earlier today at the age of 94. SM Supermalls Senior VP Steven Tan says: "With deep sadness, I would like to inform the group that our beloved Chairman Tatang, Mr. Henry Sy Sr, passed away peacefully in his sleep early Saturday morning. Please pray for the eternal repose of his soul." BIOGRAPHY: Henry T. Chi Sieng Sy Sr. ( October 25, 1924 - January 19, 2019) was a Chinese-Filipino business magnate, investor, and philanthropist. He was involved in the industries of real estate, hospitality, banking, mining, education, and health care. He was responsible for the establishment of SM Malls, anchored by Shoemart Department Store and Supermarket. He was the founder of SM Prime Holdings, the holding corporation for all his business interests in his vast business empire. In 2015, Forbes magazine listed him as the richest man in the Philippines, ahead of 11 other billionaires including John Gokongwei and Lucio Tan.
