Henry Sy, who became a billionaire by parlaying a shoe store into the biggest retailer in the Philippines, has died. He was 94.

He died in his sleep this morning, his daughter Teresita Sy-Coson and Jose Sio, chairman of SM Investments Corp. said. Sy had a net worth of US$7.2 billion, according to the Bloomberg Billionaires Index, making him the richest person in the Philippines.

Read more: https://theaseanpost.com/article/henry-sy-dies-94