BREAKING: Henry Sy dies at 94

Henry Sy passes away at 94 / photo from Google

Manila, Philippines – Richest Filipino, Henry Sy, passed away early Saturday morning, January 19 at the age of 94.

In a message to employees, SM Prime Holdings President Jeffrey Lim said: “With deep sadness, I would like to inform the group that our beloved Chairman Tatang, Mr. Henry Sy Sr, passed away peacefully in his sleep early Saturday morning. Please pray for the eternal repose of his soul. There are no further details at the moment.”

Sy, Chairman of SM Investments, one of the country's largest conglomerates, topped the 2018 Forbes list of Richest Filipinos with a net worth US$18.3 billion as of 2018.

He was also the chairman emeritus of Highlands Prime, Inc., BDO Unibank, Inc., and was honorary chairman of China Banking Corporation.

Sy is survived by his wife Felicidad Tan and his children Tessie, Hans, Harley, Elizabeth, Herbert and Henry Jr.

It was 1956 when Sy started his empire from a small shoe store in Quiapo, Manila where SM Quiapo began, the first SM store.

Tributes for Sy poured on social media.

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