In 2016 billionaire ranking list by Forbes, Mr. Henry Sy, 92 years old, was listed as the world’s 71st richest person with a net worth of $13.7 billion. He is also the richest person in Philippines and the only Philippine billionaire that was listed in the world billionaire list, this is his ninth time to be listed. His family-owned SM Investments is the largest retailer in the Philippines, with stakes in banking, property and retail.
(Source: https://www.forbes.com/billionaires/list/)
In the past ten years, SM has gone through the most challenging time in its developing history and has achieved great success. SM Group has 67 large-scale shopping centers in Asia, with a total area of 7.6 million square meters and a daily customer flow of nearly 4 million. SM Group now possesses three of the world's top ten shopping centers: SM Megamall, SM City North EDSA and SM Mall of Asia.
(Source: https://www.forbes.com/billionaires/list/)
In March,2016, SM announced a partnership with Singaporean e-commerce company Lazada. SM pays much attention to the development of small-and-medium-sized retailers and will provide more opportunities for new innovative retailers with creative ideas, thus satisfy the growing demands of our customers.
The recognition by Forbes again shows the strength and bright future of SM, under its plan of "Life-Style Cities", SM Group continues to pursue a vision of creating innovative and sustainable complex projects, contributing to a vibrant life for countless people.