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	<title>Henry Sy Sr. Archives - THEPHILBIZNEWS</title>
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	<title>Henry Sy Sr. Archives - THEPHILBIZNEWS</title>
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		<title>Long live the &#8216;Lechon Queen&#8217; of the Philippines</title>
		<link>https://thephilbiznews.com/2022/11/07/long-live-the-lechon-queen-of-the-philippines/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=long-live-the-lechon-queen-of-the-philippines</link>
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		<dc:creator><![CDATA[Alithea De Jesus]]></dc:creator>
		<pubDate>Mon, 07 Nov 2022 06:24:11 +0000</pubDate>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Benigno De Roca]]></category>
		<category><![CDATA[Boy Lechon]]></category>
		<category><![CDATA[Henry Sy Sr.]]></category>
		<category><![CDATA[Lechon Queen of the Philippines]]></category>
		<category><![CDATA[Lydia Pasion-De Roca]]></category>
		<category><![CDATA[Lydia&#039;s Lechon]]></category>
		<category><![CDATA[Lydias Baclaran]]></category>
		<category><![CDATA[Lydias Roces Avenue]]></category>
		<category><![CDATA[Lydias Timog Avenue]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=37956</guid>

					<description><![CDATA[By Alithea De Jesus Not many know the story behind the success of Lydia&#8217;s Lechon, which is synonymous with Pambansang Lechon. Hence, the owner and founder earned the moniker &#8220;Lechon Queen&#8221;. Of course, who doesn&#8217;t know the famous Lydia&#8217;s Lechon now that started in Baclaran along Roxas Boulevard? But behind the success of this restaurant [&#8230;]]]></description>
										<content:encoded><![CDATA[
<p><strong>By Alithea De Jesus</strong></p>



<p>Not many know the story behind the success of <a href="https://web.facebook.com/lydiaslechonrestaurant">Lydia&#8217;s Lechon</a>, which is synonymous with Pambansang Lechon. Hence, the owner and founder earned the moniker &#8220;Lechon Queen&#8221;. </p>


<div class="wp-block-image">
<figure class="alignleft size-full is-resized"><img fetchpriority="high" decoding="async" src="https://thephilbiznews.com/wp-content/uploads/2022/11/Lydias-Lechon-1.jpg" alt="" class="wp-image-37967" width="403" height="282" srcset="https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Lydias-Lechon-1.jpg 948w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Lydias-Lechon-1-300x210.jpg 300w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Lydias-Lechon-1-768x539.jpg 768w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Lydias-Lechon-1-150x105.jpg 150w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Lydias-Lechon-1-696x488.jpg 696w" sizes="(max-width: 403px) 100vw, 403px" /><figcaption><strong>Mrs. Lydia Pasion De Roca at the sidewalk, her &#8220;first store&#8221;</strong></figcaption></figure></div>


<p>Of course, who doesn&#8217;t know the famous Lydia&#8217;s Lechon now that started in Baclaran along Roxas Boulevard? But behind the success of this restaurant is a 12 years old sidewalk lechon vendor who survived the business for 57 years and was even able to thrive at the height of the pandemic.  <br><br>Started with a meager capital, Lydia Pasion de Roca, founder and matriarch of Lydia’s Lechon has an inspiring story that many budding and current entrepreneurs can learn from.<br><br>Turning back the pages of the history of her 1965 journey, De Roca only got ₱500 pesos capital, but this didn&#8217;t stop her from pursuing her simple goal to provide good education to her three children by selling lechon on the sidewalk to the passers-by and the ones who go to the Baclaran Church. <br><br>Armed with her persistence, courage, consistency and passion, the &#8220;Lechon Queen&#8221; was able to entice famous people to try her lechon like the late ex-President Ferdinand Marco, Sr. and his family, Henry Sy of SM and other famous personalities in the media, film and business industry who all happened to be devotees of Baclaran Church.</p>



<p><strong>Faith and Action</strong></p>



<p>As an ardent devotee of Baclaran Church, De Roca never misses any novena and mass since she started her sidewalk business. Sometimes she would even let her children Darly and Ricky sleep under the table where she sells lechon and covered them with newspaper so that customers would not see them resting under the table just to attend the novena and mass. <br><br>She admits that it is her hard work and guts that made Lydia’s a household name in lechon. But it was not a walk in the park for her, because there were occasions that she had to move and hide away from the sidewalk and then come back again to ensure she avoided getting into trouble with the enforcers who did not want any obstructions along the sidewalk. </p>


<div class="wp-block-image">
<figure class="alignright size-full is-resized"><img decoding="async" src="https://thephilbiznews.com/wp-content/uploads/2022/11/Lydias-Lechon-2.jpg" alt="" class="wp-image-37968" width="407" height="513" srcset="https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Lydias-Lechon-2.jpg 659w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Lydias-Lechon-2-237x300.jpg 237w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Lydias-Lechon-2-150x190.jpg 150w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Lydias-Lechon-2-300x379.jpg 300w" sizes="(max-width: 407px) 100vw, 407px" /><figcaption><strong>The Lechon Queen (second from left) moved from the sidewalk to a small stall along Roxas Boulevard near Baclaran Church</strong></figcaption></figure></div>


<p>Speaking to THEPHILBIZNEWS, De Roca said, “Hindi naman pwedeng gawa ka lang ng gawa. Kailangan marunong ka ding humingi ng awa sa Dios. At hindi din naman Pwedeng dasal ka lang ng dasal, kasi nasa Dios ang awa pero nasa tao ang gawa.&#8221;<br><br>“Hindi ako nakakalimot tumawag sa taas para magpasalamat sa Dios. Biniyayaan Niya ako ng mabait na asawa at mga anak, ng negosyo na pinalago din Niya sa pamamagitan ng kanyang pagtulong at paggawa ng paraan na mapalapit ako sa mga taong tumulong sa aming lahat. Wala na akong hihingin pang iba sa Kanya kundi mapagpatuloy namin at mapangalagaan ang Kanyang pinagkatiwala sa aming pamilya”, De Roca pointed out. <br><br>Apart from that, De Roca noted that her discipline and hands on in the business play a big role. “Alas-5 pa lang gising na ako. Hindi porket lumaki na ang negosyo pababayaan ko na lang. Kung kailangan akong magkatay, magkakatay ako. At pagdating sa timplahan ng mga pang-lechon talagang tinututukan ko ultimo pagbili at pagpili ng gulay, baboy at iba pang mga sangkap.”</p>



<p><strong>Overcoming Trials</strong></p>



<p>Just like any mortal beings, Lydia De Roca had her own fair share of trials. One was when his son Ricky got sick and had to be admitted to the hospital. De Roca explained, “Ayaw nilang iadmit ang anak ko kasi wala akong pangdeposito sa ospital. Pero sabi ko kaya kong bayaran. Syempre hindi ko naman pababayaan ang anak kong magkasakit at mamatay na lang ng basta basta dahil sa kahirapan. Awa ng Dios nakaraos kami, at ayun unti-unti kong nabayaran ang utang namin sa ospital.” She added, “Hindi lang sa ospital ako nagkaproblema, pati sa din eskwelahan. Ayaw din akong tanggapin kasi nga wala akong perang pambayad ng matrikula. Pero pinilit ko na gawan ng paraan kasi parehong anak kong lalaki sa Letran nag-aral at yun ang pangarap ko sa kanila.”&nbsp;<br><br><strong>Generosity in times of crisis</strong></p>



<p>Last March 22, 2022, a tragedy hit the De Roca family when the husband of the lechon queen died, Benigno De Roca, a.k.a. “Boy Lechon&#8221;. But this never hindered the De Roca family to help, when several hospitals cried for help to provide food to their frontliners. <br><br>The team from their Quezon City branches (Timog and Roces) planned on how to bring the food in order to ensure that the hospital personnel will have something to eat while making sacrifices and risking their lives to assist patients infected by COVID-19.</p>



<p>&#8220;Ang pakikipagkapwa at pagtulong lalo na sa panahon ng kagipitan ay dapat manaig. Kaya di kami nag atubiling kumilos sa kabilang ng aming pagdadalamhati sa pagkamatay ng aking asawa,&#8221; De Roca said.<br><br><strong>Family on her mind</strong></p>



<p>For the Lechon Queen, apart from sending their children to a good school, she had her simple pleasure in life that she wanted to give to her children, a television set! But her simple pleasure dream did not go unchallenged. When she wanted to get a TV the first question that was asked of her, “May pambayad ka ba? Eh nagtitinda ka lang sa bangketa.” Of course, for her it was not an insult but rather a realistic question and a challenge from someone who was also into business. So instead of feeling bad, De Roca answered, “Wag kang mag-alala, mababayaran kita. Pag hindi kita nabayaran eh di kunin mo ang TV.” With that, she was able to get a TV even if she was not qualified to be given an installment plan for the TV she wanted for her family because of her persistence.</p>



<p><strong>Seizing the Opportunities, Establishing Credibility and Ensuring Quality</strong></p>



<p>While Lydia’s did not have a big place to accommodate diners because she only had 1 small table and chair, their lechon becomes very popular not only to the devotees of Baclaran, but also amongst journalists who are based in Aduana (port area). And because of the truly delectable taste, freshness and crispiness of Lydia’s Lechon, the manager of Hyatt Regency Hotel dropped by at her store and asked her if she can deliver a lechon to their hotel, knowing that she lacks the logistics and capital to buy a delivery truck and more pigs for roasting just in case the hotel orders for more.</p>



<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="716" src="https://thephilbiznews.com/wp-content/uploads/2022/11/Tita-Lydia-3-1024x716.jpg" alt="" class="wp-image-37963" srcset="https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Tita-Lydia-3-1024x716.jpg 1024w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Tita-Lydia-3-300x210.jpg 300w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Tita-Lydia-3-768x537.jpg 768w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Tita-Lydia-3-1536x1074.jpg 1536w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Tita-Lydia-3-150x105.jpg 150w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Tita-Lydia-3-696x487.jpg 696w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Tita-Lydia-3-1068x747.jpg 1068w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/Tita-Lydia-3.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>But De Roca did not look at the problem, rather she sees the opportunity and in full confidence, she said to the hotel manager that she can. Then other hotels started to order from Lydia’s until at one point in her life, the famous Lydia’s Lechon did not only serve the hotel, but also the Presidential Palace during the time of Marcos. When ex-First Lady Imelda Romualdez Marcos heard about Lydia’s Lechon, she was asked by the caterer of Malacanang Palace if she could roast 50 pieces lechons on the spot which was needed during the laying of the corner stone of Puerto Azul, as usual De Roca said yes. But instead of 50 lechons it then became 300 lechons. This prompted her to ask her two young boys Darly and Ricky to help him in roasting the lechon. But serving the first family did not stop there; the late Ex-President Ferdinand Marcos even had Lydia’s lechon served during his birthday.</p>



<p><strong>The Expansion and Innovation</strong></p>



<p>When there was enough capital to expand, Lydia’s opened its first branch outside of the southern part of Metro Manila at Timog Avenue, Quezon City in 1989. Thereafter, more stores opened in the eastern part of the Metro Manila.&nbsp;Although originally intended to be a close family corporation, the first franchise of Lydia&#8217;s Lechon was sold in 2005 for a fast food and retail outlet at SM Megamall in Mandaluyong City. Today, Lydia’s Lechon Restaurant is considered as the biggest chain of lechon outlets in the country.&nbsp;Interestingly, Lydias also broke into the global market by exporting their famous lechon sauce and other condiments.</p>



<p><strong>Hands-On</strong></p>



<p>While others would rest on their laurels, Lydia De Roca is still very much hands-on in the business and this surprises a lot of people because for 57 years, she is still working instead of retiring. She said, “Ayoko ng patulog-tulog na lang. Sabi nga nung iba, umasenso ka na bakit hindi ka na lang magpahinga at pabayaan mo na lang ang mga anak mo ang magmanage?” But for her, “Hindi pwede yung papabayaan mo ang binigay ng Dios. Kailangan palaaguin mo, bantayan mo at ayusin mo. Kaya ako halos apat na oras lang ang tulog ko sa isang araw, swerte ng makatulog ako ng anim o walong oras sa loob ng isang taon. Bakit? Kasi ako ang namimili ng mga gulay, nagmimili at titimpla ng mga baboy at iba pang sangkap. Gusto ko kasi consistent. Kung ano ang Lydia’s nung sinimulan ko sa bangketa ng 1965 ay siya pa din Lydia’s na alam ng mga luma at bagong henerasyon. At ganun din ang mga anak ko, may weekly meeting kami. Sila din ganun ang mga ginagawa nila sa mga branches nila. Pati ang mga driver kinakausap namin para alam nila ang pananagutan nila at duty na ihatid ang mga orders on time”, De Roca said. &nbsp;</p>



<p><strong>Family Affairs</strong></p>



<p>We heard a lot of sad stories about a family fighting over the same business and thus creating factions amongst family members and losing grip in the industry which they once lorded. </p>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="765" src="https://thephilbiznews.com/wp-content/uploads/2022/11/viber_image_2022-11-07_07-28-09-935-1024x765.jpg" alt="" class="wp-image-37964" srcset="https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/viber_image_2022-11-07_07-28-09-935-1024x765.jpg 1024w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/viber_image_2022-11-07_07-28-09-935-300x224.jpg 300w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/viber_image_2022-11-07_07-28-09-935-768x574.jpg 768w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/viber_image_2022-11-07_07-28-09-935-1536x1148.jpg 1536w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/viber_image_2022-11-07_07-28-09-935-150x112.jpg 150w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/viber_image_2022-11-07_07-28-09-935-696x520.jpg 696w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/viber_image_2022-11-07_07-28-09-935-1068x798.jpg 1068w, https://thephilbiznews.com/wordpress/wp-content/uploads/2022/11/viber_image_2022-11-07_07-28-09-935.jpg 1600w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></figure>



<p>The matriarch of Lydia’s Lechon ensures that her children will not fight over what they have now. She wants to perpetuate the legacy of Lydia’s which she painstakingly built 57 years ago and hopes to continue till the next generation. “Walang tampuhan sa amin o inggitan. We work together as a team at ayaw naming magkakawatak-watak. Ang mahalaga, kung ano man ang plano nila for the future, alam ko naman na para sa ikakabuti ng Lydia’s yan”, De Roca said in closing.</p>



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<blockquote class="wp-embedded-content" data-secret="zAUUI3ceAn"><a href="https://thephilbiznews.com/2019/11/11/lechon-philippines-center-of-attraction-on-special-occasions-holiday-season/">Lechon, Philippines&#8217; center of attraction on special occasions, holiday season</a></blockquote><iframe loading="lazy" class="wp-embedded-content" sandbox="allow-scripts" security="restricted"  title="&#8220;Lechon, Philippines&#8217; center of attraction on special occasions, holiday season&#8221; &#8212; THEPHILBIZNEWS" src="https://thephilbiznews.com/2019/11/11/lechon-philippines-center-of-attraction-on-special-occasions-holiday-season/embed/#?secret=vebLpDg5xQ#?secret=zAUUI3ceAn" data-secret="zAUUI3ceAn" width="600" height="338" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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		<title>Henry Sy, Sr.</title>
		<link>https://thephilbiznews.com/2019/01/25/henry-sy-sr/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=henry-sy-sr</link>
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		<dc:creator><![CDATA[The Philippine Business and News]]></dc:creator>
		<pubDate>Fri, 25 Jan 2019 08:59:17 +0000</pubDate>
				<category><![CDATA[Editorial]]></category>
		<category><![CDATA["Big Boy"]]></category>
		<category><![CDATA[Henry Sy]]></category>
		<category><![CDATA[Henry Sy Sr.]]></category>
		<category><![CDATA[Jr]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=3296</guid>

					<description><![CDATA[UNCENSORED By MANUEL L. MORATÓ Henry Sy, Sr. Mr. Henry Sy, Sr. passed away quietly last week, as quietly as he led his life. He was a very humble man and I had the opportunity to join them on a quiet dinner with the entire family to celebrate the birthday of my cousin from my [&#8230;]]]></description>
										<content:encoded><![CDATA[<p class="p1"><strong><span class="s1">UNCENSORED<br />
By MANUEL L. MORATÓ<br />
</span><span class="s1">Henry Sy, Sr.</span></strong></p>
<p class="p1"><span class="s1">Mr. Henry Sy, Sr. passed away quietly last week, as quietly as he led his life.</span></p>
<p class="p1"><span class="s1">He was a very humble man and I had the opportunity to join them on a quiet dinner with the entire family to celebrate the birthday of my cousin from my mother’s side in Quezon Province, Rosa Lim Chang who is connected with SM Megamall on Edsa for the longest time. She is particularly close to the Sy family.</span></p>
<p class="p1"><span class="s1">Henry Sy, Jr. known for his nickname “Big Boy” whom I have known for many years for he was a friend of my nieces and nephews Juanto Morato Cuenca (father of actor Jake Cuenca); and his sisters, my nieces, Alicia Morato Cuenca and Coni when they were studying here in Manila.<span class="Apple-converted-space">  </span>But both nieces of mine married in Spain, while the two brothers, Juanto and Manny, married Filipinas and stay here in the Philippines.</span></p>
<p class="p1"><span class="s1">Those were during their younger days when my niece, Alicia, then age 17, was a Pitoy Moreno model who travelled a lot with the former First Lady Imelda Marcos to model in Bloomingdale in the U.S., in Russia and many other countries.</span></p>
<p class="p1"><span class="s1">I went to the wake last Tuesday, January 23, and it was the first time I saw the The Heritage Parks and Chapels in Taguig so full of people and parked cars in all the streets inside the Heritage Park.</span></p>
<p class="p1"><span class="s1">Pastor Peter Tanchi of Christ’s Commission Fellowship gave a very inspiring talk but too long for me to print.<span class="Apple-converted-space">  </span>I shall pick some highlights that I feel are very meaningful in life to think about.</span></p>
<p class="p1"><span class="s1">First, he spoke about the “</span><span class="s2">Four Realities of Life</span><span class="s1">”: “</span><span class="s2">Death is sure</span><span class="s1">; </span><span class="s2">Life is short</span><span class="s1">; </span><span class="s2">Heaven is real</span><span class="s1">; </span><span class="s2">Jesus is our Hope</span><span class="s1">.” </span></p>
<p class="p1"><span class="s1">On “</span><span class="s2">Death is sure</span><span class="s1">: How come we live in denial?<span class="Apple-converted-space">  </span>How come we don’t prepare?<span class="Apple-converted-space">  </span>The Bible says death is final.<span class="Apple-converted-space">  </span>It is appointed unto men, you die once.<span class="Apple-converted-space">  </span>After this, judgment.”</span></p>
<p class="p1"><span class="s1">On “</span><span class="s2">Life is short</span><span class="s1">, …compared to eternity, life is short… The Bible is saying life is short and that’s why you need wisdom.”</span></p>
<p class="p1"><span class="s1">On the third reality, “</span><span class="s2">Heaven is real</span><span class="s1">…<span class="Apple-converted-space">  </span>Heaven is real to those who are sure of going, but if you’re not sure where you’re going, you can never rejoice on this.”</span></p>
<p class="p1"><span class="s1">The last reality of life is: “</span><span class="s2">Jesus is our Hope.</span><span class="s1">” …“It is not winning the sweepstakes.”<span class="Apple-converted-space">  </span>And if I may add, neither winning in the lotto, STL nor Jueteng.<span class="Apple-converted-space">  </span>“Jesus is our certainty of eternal life.”</span></p>
<p class="p1"><span class="s1">What also struck me in Henry Sy, Jr or “Big Boy’s” short talk was about what his father always said to them, his children: “A good name is to be more desired, more than great wealth.”</span></p>
<p class="p1"><span class="s1">Mr. Henry Sy, Sr. lived up to his motto in life.<span class="Apple-converted-space">  </span>He was quiet, reserved, simple and sincere, more on the shy and humble side.<span class="Apple-converted-space">  </span>Totally unassuming sans pretentions.<span class="Apple-converted-space">  </span>A good man blessed by God for his many kindnesses toward his fellowmen.</p>
<p><strong>Post Script:</strong></span></p>
<p><em>I would like to thank all my readers in The Philippine Business and News. Your various reactions to my regular column discussing various issues make me happy and humbled by your continuous trust to me and THEPHILBIZNEWS. God bless you all and our country!</em></p>
<p class="p5"><span class="s1"><b><i>For comments and suggestions email at </i></b><a href="mailto:mlmorato@yahoo.com"><span class="s3"><b><i>mlmorato@yahoo.com</i></b></span></a></span></p>
<p class="p2"><span class="s1"><span class="Apple-converted-space">    </span></span></p>
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		<title>Philippines&#8217; wealthiest man, Henry Sy, Sr. passed away</title>
		<link>https://thephilbiznews.com/2019/01/19/philippines-wealthiest-man-henry-sy-sr-passed-away/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=philippines-wealthiest-man-henry-sy-sr-passed-away</link>
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		<dc:creator><![CDATA[The Philippine Business and News]]></dc:creator>
		<pubDate>Sat, 19 Jan 2019 03:07:37 +0000</pubDate>
				<category><![CDATA[Latest News]]></category>
		<category><![CDATA[BDO]]></category>
		<category><![CDATA[Henry Sy Sr.]]></category>
		<category><![CDATA[SM Investments]]></category>
		<category><![CDATA[SM Prime Holdings]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=3175</guid>

					<description><![CDATA[Philippines&#8217; wealthiest man, Henry Sy, Sr. passed away Photo courtesy of Forbes Magazine Business and Retail mogul Henry Sy Sr., the country&#8217;s  richest wealthiest man and gracious philanthropists has passed away on Saturday, according to The Philippine Business and News source who is closed to the Sy family. &#124;In the Viber message sent to THEPHILBIZNEWS,  [&#8230;]]]></description>
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<strong>Photo courtesy of Forbes Magazine</p>
<p></strong>Business and Retail mogul Henry Sy Sr., the country&#8217;s  richest wealthiest man and gracious philanthropists has passed away on Saturday, according to The Philippine Business and News source who is closed to the Sy family.</p>
<p></span></span></span></span>|In the Viber message sent to THEPHILBIZNEWS,  Sy Sr.passed away peacefully while sleeping early Saturday morning at the age of 94 years old.Other details on the business tycoon wake and interment were still being arranged by the bereaved family.</p>
<p>Sy holds the record of  the richest man in the Philippines for 11 years in a row as published by Forbes magazine, with estimated net worth at $19 billion.</p>
<p>He was the brain and catalyst of the SM Group and was the chairman emeritus of SM Prime Holdings Inc., SM Development Corporation, and Highlands Prime Inc., BDO Unibank Inc., and honorary chair of China Banking Corporation</p>
<p>His humble beginnings has inspired a lot of people when Sy opened the first ShoeMart store in 1958 and has since evolved into a conglomerate with three main lines of businesses – retail, banking, and property.<br />
Dubbed as the most gracious and generous donor to a lot of charitable causes, allotting millions of pesos each year to finance the college scholarships of thousands of deserving but underprivileged Filipino youth, sports activities and many more.</p>
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<p>Details on the wake will be announces later.</p>
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