December 27, 2015

Success Story: Henry Sy Sr.

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    Last updated: July 5, 2018

    We all know Henry Sy as one of the richest tycoons in the Philippines. However, not all people know what happened before all these achievements came into his life. Read up and see what made him become one of the country’s successful entrepreneurs.

    henry sy

    HENRY SY. Philippines’ richest businessman./IMAGE grabbed from financeasia.com

    Believe it or not, Henry Sy’s story was a ‘rags to riches’ kind of tale. Born in Xiamen, China in November 1924, Henry Sy was not born with a silver spoon in his mouth. Wanting to escape poverty, Henry followed his father to the Philippines only to experience a miserable youth in a foreign country. Sy struggled hard living in a foreign country as an immigrant and had to learn the local language. Determined to become successful, he worked hard day and night to provide for his needs.

    Sy started out with a small sari-sari store business that helped them in their day-to-day life. Sy and his father lived in a small space until the fruits of their labor made them successful in the following years. However, when the Philippine economy collapsed in World War II, their store burned down that forced his father to go back to China. Henry Sy stayed in the Philippines and built his own shoe business in Marikina.

    Sy did not have an overnight success: he had to enroll himself in school, change legal names, sell rejected and overrun shoes, plus many other setbacks that he had to face early in life. He did not give up and pushed through maybe because he knew that something big, which is what he has now, is about to come.

    After a series of failures in his business, Henry Sy stood back up and persevered to attain his goal. He established a small shoe store in Quiapo, Manila that marked the establishment of SM Prime Holdings. Now with three of the most valuable companies in the Philippines: SM Investments Corp. and SM Prime Holdings Inc., valued at over Php 1 trillion each, and BDO Unibank, valued at around Php635 million, he is has become the richest man in the country.

    With his inspiring story, one can learn about the ideals of success. Henry Sy tells us not to give up on our dreams, no matter how far-fetched it seems.

    Who knows, maybe yours is the next success story to tell! 


    Sources: business.inquirer.net, 4-traders.com

                 
               
               
    Recent Comments

    i need a complete details like his birth live and etc.

    3 weeks ago

    what’s the failures of sm??? we need it on our research… please 🙂

    Anonymous
    a month ago

    So Inspiring

    ★★★★★
    2 months ago

    HI

    ★★★★★
    3 months ago

    Sir Henry. You are a blessing.

    Anonymous
    3 months ago

    i’m a follower of henry sy

    ★★★★★
    4 months ago

    ESTIMATED TO BE THAT SUCCESSFUL ..
    minimum requirements:
    Atleast 10-30yrs of Continous Grind

    Resolution:
    work like a slave 24/7 today
    then live like a king later

    IN LIFE EVERYTHING IS POSSIBLE
    ONLY AND ONLY IF …
    YOU ARE WILING TO PAY THE PRICE ?

    Anonymous
    4 months ago

    TO BE PART OF THE 1%
    YOU NEED TO DO
    WHAT THE 99% WONT

    ★★★★★
    4 months ago

    Great but you need to have more accurate information like the birthdate and other stuffs.

    ★★★
    5 months ago

    its so very n iceeeeeeeeeeeee

    ★★★★★
    5 months ago

    so inspiring,and so very nice

    ★★★★★
    5 months ago

    who is the author of this pls answer now i need it

    ★★★★★
    5 months ago

    Thank you for that information it help to my assignment 👍👍👍👍👍👍👍👍👍👍👍

    ★★★★★
    5 months ago

    Thx!!!it helps in my Son’s Assignmet

    Anonymous
    5 months ago

    4 stars because good in my assignment

    ★★★★
    6 months ago

    idol kita

    Anonymous
    6 months ago

    i was inspired by the story of Mr. Henry Sy i hope and pray also with a hard work and dedication i will become successful someday

    ★★★★★
    7 months ago

    okie

    Anonymous
    7 months ago

    That’s a wonderfull stories.,i hope someday i will be like him

    Anonymous
    9 months ago

    So inspiringg..

    ★★★★★
    10 months ago

    Mr. Sy and i. Is same story, but I always pursue but never been achieve. Dreaming always but never been success. It is not bad to dream to get goal but most of all. It is not once twice trice but several-SO GODBLESS ME AND HELP ME FOR ALL. GODBLESS YOU MR. SY KONGHEWATCHAI KONGHE FATCHOI.

    Anonymous
    10 months ago

    Wow Its a Miraclre<3

    ★★★★
    11 months ago

    More details please

    Anonymous
    one year ago

    so inspiring

    Anonymous
    one year ago

    Wow

    ★★★
    2 years ago

    Give more details of the falls he encountered and the strategies he use to overcome and surpass them.

    Anonymous
    2 years ago

    cool.

    ★★★
    2 years ago

    seems too summarized

    2 years ago

    Needs more details!!!!

    2 years ago

    Yep, Lack of details. Anyways, its somewhat just like an overview of Henry’s story.

    ★★
    2 years ago

    Thanks but I need more details

    Anonymous
    2 years ago

    wow! thnx for everything. it helps me in my assignments.

    ★★★★★
    2 years ago

    Lacking more other details like how henry started shoe business. Who supported him? What happened to his father?

    2 years ago

    Like

    ★★★★★
    2 years ago

    4 stars

    ★★★★
    2 years ago
    What do you think about this article?
    ★★ ★★★ ★★★★ ★★★★★

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