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Henry Sy, also known as Sy Chi Sieng in Philippine Hokkien (Shī Zhìchéng in Mandarin), [3] was born in Jinjiang in Fujian, [7] then still under the Republic of China (ROC), on October 15, 1924. [ 8 ] [ 6 ] At age 12, he and his family moved to the Philippines during the Commonwealth Era under American colonial period , where his father set ...
SM Supermalls was pioneered by Henry Sy, a Chinese-Filipino businessman whose roots traces back to Fujian. Sy opened his first shoe store in Quiapo in 1948 and later the first store under the Shoemart (SM) name in 1958 along Carriedo. [1] In 1972, Shoemart turned into a full-line department store. [2]
Belle Corporation is Henry Sy's foray into the gaming industry in the Philippines, hoping to capitalize on the future of Pagcor's entertainment city. It is the developer of leisure and tourism destinations in the country. [19] [20] [16] – (SM owns 27%) Other Investments and Affiliations
There are urban legends about why Mercury Drug stores are non-existent inside SM Malls. [14] One story claims that Henry Sy, a businessman selling footwear who would eventually establish SM Supermalls, was rejected a rental space to sell shoes at Mercury Drug, while also claiming that Sy remembered this and as a result, secured Watsons as the pharmacy in his malls. [14]
In 2019, Forbes magazine named Villar as the new richest individual in the Philippines, with an estimated net worth of $5.5 billion, surpassing Henry Sy Sr. [24] In 2021, his net worth surged to approximately $6.7 billion despite being overtaken by the Sy siblings in Forbes' annual Philippines rich list.
The family's retail business began during the 1970s, when a shop-restaurant was established by Doña Modesta Singson-Gaisano with husband, Don Jose Sy Gaisano, located at the ground floor in a rented house in Colon, Cebu. The establishment later became known as White Gold Super Store.
The Henry Sy Sr. Hall is an academic and research building on the campus of the University of Santo Tomas in Manila, Philippines.It houses the Saints Cosmas and Damian Center for Simulation and Research of the Faculty of Medicine and Surgery and the William F. Austin Center for Ear and Hearing Healthcare.
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