Tuesday, Aug 04, 2020 | Last Update : 05:50 PM IST

133rd Day Of Lockdown

Maharashtra45019628703015842 Tamil Nadu2632222022834241 Andhra Pradesh166586886781537 Karnataka139571625002594 Delhi1384821242544021 Uttar Pradesh97362553931778 West Bengal78232548181731 Telangana6766048609551 Gujarat64684476632504 Bihar5956738508336 Rajasthan4555532051719 Assam4527633429109 Haryana3717330470440 Odisha3629723074248 Madhya Pradesh3428524099900 Kerala268731527885 Jammu and Kashmir2200614032407 Punjab1852711882442 Jharkhand135004794125 Chhatisgarh9820725661 Uttarakhand7800453890 Goa6816487656 Tripura5389360527 Puducherry3982241156 Manipur292017667 Himachal Pradesh2818165813 Nagaland21296574 Arunachal Pradesh175810633 Chandigarh116070619 Meghalaya9022645 Sikkim6882971 Mizoram4962660
  World   Asia  19 Jan 2019  Philippines' richest man Sy dies at 94

Philippines' richest man Sy dies at 94

AFP
Published : Jan 19, 2019, 1:51 pm IST
Updated : Jan 19, 2019, 1:51 pm IST

The Philippines' wealthiest man Henry Sy died on Saturday, his conglomerate has announced.

The 94-year-old, from the Chinese city of Xiamen, founded the Philippines' largest shopping centre chain (Photo:File)
 The 94-year-old, from the Chinese city of Xiamen, founded the Philippines' largest shopping centre chain (Photo:File)

Manila: The Philippines' wealthiest man Henry Sy, who rose from being a penniless Chinese immigrant to leading a multi-billion dollar business empire, died on Saturday, his conglomerate has announced.

The 94-year-old, from the Chinese city of Xiamen, founded the Philippines' largest shopping centre chain. He had a net worth of USD 19 billion as of Friday, according to Forbes.com magazine.

 

"Henry Sy... passed away peacefully in his sleep early Saturday morning. There are no further details at the moment," his SM group said in a statement to AFP.

Sy put up his first shoe store in downtown Manila in 1956, a business which later grew into a diversified empire with interests in property, banking, mining, education, and health care among others.

In recent years he has turned over the day-to-day running of his businesses to his children although he remained chairman emeritus of SM Investments, one of the country's largest conglomerates.

Tags: henry sy
Location: Philippines, National Capital Reg, Manila