Henry Sy - Ceo Philippines

Henry Sy - $4.0 billion -He owns SM group with 27 shopping malls in the Philippines and several others in China. He also owns Banco de Oro Universal Bank and has substantial shares in China Banking Corp. and Equitable PCI Bank. He also owns Highlands Prime Holdings, a high-end property developer.

Henry Sy, Sr. (born December 25, 1924) is the founder and chairman of SM Prime Holdings, the largest retailing corporation in the Philippines. He earned his Associate of Arts degree in Commercial Studies at Far Eastern University in 1950. Acknowledged as the country’s "Retail King," he has come a long way from the modest shoe store he set up in Quiapo in 1946, to become the owner of the Philippines’s biggest chain of shopping malls.

Henry Sy is the wealthiest individual in the Philippines and (as of 2007) 349th in the world. Forbes magazine estimates his wealth at $2.6 billion, but some estimate Sy's assets to total US$5 billion far higher than the $1.7 billion that forbes estimates. Some say that he controls 40-60% of companies worth more than US$15 billion.

Sy is considered a Tai-Pan or tycoon of Asia. As of 2006, Forbes magazine ranked him as the 14th richest person in Southeast Asia; "Henry Sy and family" is ranked the 74th richest in the "Asia and Australia" region, and 512th richest in the world. (In the absence of evidence to support such higher claims, the Forbes numbers should taken as a "best-guess" estimate for the time being.)

Sy controls the Banco de Oro, Universal Bank, and China Banking Corporation. In 2006, he bought the remaining 66% of Equitable PCI Bank, the Philippines 3rd largest lender, in which he already had a 34% stake, and has merge it with Banco de Oro Universal Bank in 2007. The merger created the Philippines's second largest financial institution with resources of close to $17billion dollars.

The Sy family has a personal stake of $4 billion in these 3 banks. Mr. Sy has recently sold his 11% stake in San Miguel Corporation, Southeast Asia's largest food and beverage conglomerate for $680 million.

Henry Sy, Sr., was named "Management Man of the Year" by the Makati Business Club and was conferred an Honorary Doctorate in Business Management by De La Salle University-Manila in January 1999. He organized the SM Foundation Inc., which helps underprivileged but promising young Filipinos.

Sy's retail chain is SM Prime Holdings, known as "Shoe Mart" or simply "SM". Several of his children now hold senior management positions in his companies, although he has groomed daughter Teresita Sy-Coson as his successor.

Sy's holding company, SM Investments Corp., has consistently been cited as one of the Philippines best-managed companies. On May 20, 2006, The SM Mall of Asia, built in the reclamation area of Pasay City, was opened to the public.[4] It is the sixth-largest mall in the world.

Lucio Tan - $2.3 billion -He owns Philippine Airlines, the country's flag carrier. His business interests include tobacco (Fortune Tobacco Corp.), beer and liquor (Asia Brewery Inc. and Tanduay Holdings Inc.), and banking (Philippine National Bank and Allied Banking Corp).

Lucio Tan (born July 17, 1934) is a prominent Filipino business magnate. He owns Asia Brewery, the 2nd largest brewer in the Philippines, Tanduay Holdings, one of the world's largest rum makers, Fortune Tobacco, the largest tobacco company in the country, Philippine Airlines, University of the East one of the most financially stable university in the Philippines in terms of assets, Philippine National Bank, the 5th largest bank in the country, Allied Bank the Philippines' 8th largest lender, Eton Properties Philippines the Global Real Estate brand of the Lucio Tan Group. These companies are just a few of some 300 companies that Mr. Tan controls. The total value of his business empire according to some estimates would not be less than US$20 billion, and he controls 40 to 60% of that.

He also owns Eton Properties Philippines which is groomed to rise as one of the top realty developers in the Philippines.

He is credited for returning Philippine Airlines to profitability by some, after years of losses Not true, according to majority of Filipino business executives in Manila.

After President Gloria Macapagal sought his advice, an op-ed piece in the Wall Street Journal said:

... Mr. Tan -- the archetypal "imperial dragon" -- is such a terrible well from which to draw economic advice. He first got really rich in the 1970s, thanks to various tax breaks and favors bestowed by former Philippine strongman