This half Chinese, half Pilipino entrepreneur is of course, not only the No. 1 richest man in the Philippines but also the most famous man in the Philippines because of his very famous successful and well loved Malls which have branches nationwide or have spread on the entire Philippine – the SM Malls or SM Supermalls.
The SM Mall is now the national Mall of the Philippines which have 37 branches nationwide or across the Philippines and four branches in China where the half bloodline of this Chinese-Pilipino entrepreneur resides. Of course, what I am talking about is none other than Mr. Henry Sy.
Because of this success of him in retail business (actually, the SM Supermalls are group of retail businesses residing within one commercial building), the Philippine Retail Association have bestowed him the title “The Father of Philippine Retail” ,only last 2005. Many retail business entrepreneurs have strive to be as successful as Henry Sy’s SM Supermalls but still failed because SM Supermalls holds already the appeal of Pilipino masses. However, there is another Philippine Malls that have an edge against SM Supermalls – The Robinsons Malls. The Robinsons Malls likewise SM Supermalls have many branches across the Philippines and sometimes it established its Malls head to head to SM Supermalls.
Now, one of his large SM Supermalls that exist today is the SM Mall of Asia