After the death of Henry Sy, his heirs have entered the list of richest Filipinos. Though the family has been on the list for 11 years now, the legacy continues with his children all being in the Forbes magazine’s 2019 wealthiest people in the Philippines.
Known for his rags-to-riches story, Henry Sy Sr.’s net worth in 2018 was at $18.3 billion. He was the 52nd richest person in the world topping other well-known Filipino tycoons.
The family owns and operates SM Investments Corp, which includes the SM shopping mall businesses, SM Prime Holdings Inc., SM Development Corporation, BDO Unibank Inc. and China Banking Corporation.
Tatang’s story is continued on by his six children, which Forbes has reported have a combined net worth of $13.3 billion.
Hans and Herbert Sy are tied at 962nd while Harley, Henry Sy Jr. and Teresita Sy-Coson are tied at 1057th place with $2.2 billion each. Elizabeth, on the other hand, is at 1227th place with $1.9 billion.
Almost half of their business earnings in 2018 were from their property arm, while banks and retail followed. Their assets have actually grown so much that they have already hit the Php1.06 trillion mark.
Photos from SM Supermalls and SM Investments