Henry Sy

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Henry Sy, Sr. is a Filipino Chinese business tycoon and entrepreneur, most famous for founding the SM Malls, the Philippines largest group of malls. Aside from the mall industry, Henry also owns numerous companies in the areas of real estate, banking, education, mining, retailing, and hospitality, resulting in him being recognized as the wealthiest person in the Philippines, with an estimated personal wealth of 13 billion dollars. He is also dubbed as the “Father of Philippine Retailing” due to owning the largest group of malls in the country.

Achievements

Why Henry Sy is Extraordinary

Success is not based on your history—it is based on your perception. No matter where or which family you came from, it should not stop you from achieving your goals in life. This is the story of Henry Sy, one of the world’s richest people.

A Summary of Henry Sy’s Success Story

Henry Sy, Sr. is a Filipino Chinese business tycoon and entrepreneur, most famous for founding the SM Malls, the Philippines largest group of malls. Aside from the mall industry, Henry also owns numerous companies in the areas of real estate, banking, education, mining, retailing, and hospitality, resulting in him being recognized as the wealthiest person in the Philippines, with an estimated personal wealth of 13 billion dollars. He is also dubbed as the “Father of Philippine Retailing” due to owning the largest group of malls in the country.

Henry’s amazing rags to riches story has earned him great respect from almost everyone in the business world. In addition to this, Henry is well-known for investing in and growing his SM Malls during the time of the financial crisis in the Philippines, a feat that so few in the world have come to accomplish. His philosophy and principles in business have made him a very effective and successful entrepreneur, and have established for him a reputation that has made him an example of what it means to be a businessman.

Four words can be used to describe Henry in general: creative, diligent, persistent, and optimistic. Throughout his life, Henry has encountered numerous challenges and obstacles that if we were to go through them, we would definitely quit; however, due to his persistent attitude and amazing foresight in seeing the good out of any bad situation, as well as filtering through the advice of the people surrounding him, Henry is able to become confident in any decisions he makes.

In spite of his status as a wealthy businessman, Henry is a very humble person, always attributing his success to the people around him who helped him get to where he is today. He also respects people from all walks of life, and never gets embarrassed to be seen even with the janitors of his mall. Having gone through a poor and struggling life himself, Henry knows exactly what it feels to live in want, thus he always gives a hand to those in need.

With all the success that Henry has received in his career as a businessman, he never forgets to give back to the very people who helped him achieve the very things he is enjoying today—his fellow Filipinos. Henry actively participates in the work of the SM Foundation, the philanthropic arm of his business.

Through the SM Foundation, Henry is able to reach out to the poor members of the community and give them hope through various programs, such as scholarships and relief operations. He has also collaborated with several non-governmental organizations throughout the Philippines and China in constructing public schools for the poor in these countries’ rural areas.

Henry is very loyal to the Philippines, the country he grew up in. In many of the interviews made with Henry, he has strongly expressed a belief that there is still hope for the Philippines to rise back up into its glory days, and he has been doing his part in seeing this happen by boosting the country’s tourism industry.

When he was interviewed regarding his investment at the Mall of Asia (one of the largest malls in the world) during the time of financial depression, he said:

“It's investment that manifests my strong confidence in the Philippine future. I hope this biggest mall project will have a positive impact on the Philippine economy and I hope to encourage other business people to invest, too. Not everything I do is purely for money. Of course, as a businessman and as head of publicly listed companies, we have to earn, but at this point in my life, there are other considerations more important besides just money. I took a risk and invested in SM Mall of Asia because I wanted to create something that could contribute to Philippine tourism growth.”

A Quote for People Who Want Success

Throughout his career as a businessman, Henry has never forgotten the very foundations that enabled him to get to the success that he is enjoying today. He always recalls how without the opportunities that opened along his way, he would never have gotten to where he is. He often stresses the importance of being persistent in achieving your dreams, because without it you will easily quit in the face of pressure. He states of his life:

“As a kid, I had the will to strive for excellence and to overcome the hard environment, but I never imagined attaining big success. Whatever I have achieved did not happen overnight; ever since my teen years I have devoted many, many years of my life to non-stop studying, diligent work, and dreaming of a better future.”

Henry Sy’s inspiring story is a motivating factor that we can use to achieve our dreams and goals in life. The story of a young boy coming from a poor family who dreamt of being a catalyst for change by becoming wealthy is a strong example for many of us who are hoping to make our mark in history.

Top Reasons why Henry Sy is Extraordinary

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