Entertainment

With net worth of $8 billion, Henry Sy is the richest man in the Philippines and 116th in the world


The Philippines’ richest man, Henry started out in his father’s bodega and then opened a shoe store. He now controls the Philippines’ largest mall developer, with 42 locations; has 5 in China, including one that opened last year. Shares in SM Investments, which makes up bulk of his fortune, popped 50% in past year. BDO Unibank, run by daughter Teresita Sy-Coson, is the country’s largest bank.

Here is the list of the billionaires in the Philippines in 2012 according to Forbes:

1. Henry Sy $8 B

2. Lucio Tan $ 3.5 B

3. Andrew Tan $2.1 B

4.  Enrique Razon Jr. $1.9 B

5. Eduardo Cojuangco $1.3 B

6. Roberto Ongpin $1 B

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