The man who started a shoe store in Manila in 1958 is ranked as the wealthiest Filipino with a net worth of $5 billion according to Forbes magazine. The 85 year old Henry Sy tops the list of wealthiest again. The Philippines largest mall developer is also expanding in China where the fourth mall should opened later in the year. In addition, the stock of his SM investment rose by 25 percent this year. Today SM has 32 branches located in Manila and other key locations. Following Mr. Sy was Lucio...
Full Story: The Examiner
