The stellar performance of the over 200 companies under the SM Group—from retail, property to banking—have contributed to make tycoon Henry Sy Sr., its founder, the richest man in the Philippines, according to the 2018 Forbes Philippines Rich list.
He had a real time net worth of $18.6 billion as of December 5 and has been ranked number one in the Forbes Philippine Rich List for 11 years in a row.
Read more: https://business.inquirer.net/261923/sys-got-it-all-for-the-filipinos