Henry Sy Net Worth (Updated 2025).

Henry Sy, born in Xiamen, China, began his entrepreneurial journey at a young age. In 1936, at just 12 years old, he immigrated to the Philippines with his family, bringing only $100 in his pocket. He started his first business, a small shoe store called Shoemart, in 1958, using the $225 he had saved from his previous job.

Sy’s business acumen and work ethic quickly propelled him to success. He expanded his shoe store into a full-fledged department store, which eventually became the first SM Store in 1961. This marked the beginning of his empire, SM Investments Corporation, which now includes SM Prime Holdings, BDO Unibank, and other notable businesses.

**Henry Sy’s Current Net Worth (2025)**

Henry Sy, the late Filipino-Chinese businessman, had an estimated net worth of $13.9 billion as of 2025, according to Forbes. This made him the wealthiest person in the Philippines and one of the richest in the world.

**Career**

Sy’s career spanned over six decades, starting with a small shoe store in 1956. He expanded his business into real estate, banking, and retail, founding SM Investments Corporation in 1958. By the time of his death in 2019, SM had grown into one of the Philippines’ largest conglomerates.

**Other Ventures**

In addition to SM, Sy had interests in various other businesses. He owned a stake in BDO Unibank, the Philippines’ largest bank by assets. He also had investments in property developer SM Prime Holdings, and in the food and beverage industry through Universal Robina Corporation.

**Assets**

Sy’s assets included a significant stake in SM Investments Corporation, as well as properties under SM Prime. He also owned a collection of luxury cars and a private jet. His residences included a mansion in Forbes Park, Makati, and a beach house in Tagaytay.

**Annual Income**

Sy’s annual income varied greatly over the years, largely depending on the performance of his businesses. In 2018, Forbes estimated his earnings at $1.4 billion, making him the highest-paid person in the Philippines that year. However, his income fluctuated significantly from year to year.

Frequently Asked Questions about  Henry Sy

Frequently Asked Questions: Henry Sy Net Worth

1. What is Henry Sy’s net worth?

Henry Sy’s net worth is estimated to be around $18.3 billion.

2. How did Henry Sy make his fortune?

Henry Sy made his fortune through his business empire, SM Investments Corporation, which includes shopping malls, retail stores, and hotels. He started his business with a small shoe store in 1958 and gradually expanded it into a major retail and property empire.

3. What is SM Investments Corporation?

SM Investments Corporation is a holding company founded by Henry Sy. It has interests in retail, banking, and property development. Its subsidiaries include SM Prime Holdings, BDO Unibank, and SM Retail.

4. When did Henry Sy pass away?

Henry Sy passed away on January 19, 2019, at the age of 94.

5. Who is the current chairman of SM Investments Corporation?

After Henry Sy’s passing, his son, Hans Sy, took over as the chairman of SM Investments Corporation.

6. What is the total number of SM malls in the Philippines?

As of 2021, there are over 70 SM malls in the Philippines.

7. What is the largest SM mall in the Philippines?

The largest SM mall in the Philippines is SM City North EDSA in Quezon City. It is also one of the largest malls in the world.

8. Did Henry Sy have any philanthropic endeavors?

Yes, Henry Sy was known for his philanthropic work. He established the SM Foundation, which focuses on education, healthcare, and disaster response. He also donated to various causes and institutions throughout his life.

9. What is the Henry Sy Sr. Hall of the De La Salle University named after?

The Henry Sy Sr. Hall of the De La Salle University is named after Henry Sy. He graduated from the university with a degree in Business Administration in 1954.

10. What is the Henry Sy Sr. Museum located in?

The Henry Sy Sr. Museum is located in the SM City Clark in Pampanga, Philippines. It showcases the life and works of Henry Sy, as well as the history of SM and the Philippines.