MANILA (UPDATED) - The country's richest man, Henry Sy, has handed over leadership of SM Investments Corp to one of his most trusted aides, former chief finance officer Jose Sio.

MANILA (UPDATED) - The country's richest man, Henry Sy, has handed over leadership of SM Investments Corp to one of his most trusted aides, former chief finance officer Jose Sio.

© Shutterstock.com - PHILIPPINES: His first job was working in his family’s convenience shop and now Henry Sy is the Philippines' richest person. The self-made billionaire, who is worth $12.6 billion (£8.8bn), earned his fortune through his companies SM Investments and SM Prime Holdings.

© Shutterstock.com - PHILIPPINES: His first job was working in his family’s convenience shop and now Henry Sy is the Philippines' richest person. The self-made billionaire, who is worth $12.6 billion (£8.8bn), earned his fortune through his companies SM Investments and SM Prime Holdings.

#68: Henry Sy & family. Net worth: $13.2 B. Industry: Diversified holdings.

Henry Sy & family

#68: Henry Sy & family. Net worth: $13.2 B. Industry: Diversified holdings.

Henry Sy | Sy, nine others in Forbes' billionaire list - Yahoo News Philippines

Henry Sy | Sy, nine others in Forbes' billionaire list - Yahoo News Philippines

The first Shoemart was establihed by Mr. Henry Sy in Carriedo Street, Quiapo, Manila in 1958. This was where my mom used to bring me to buy my shoes every school opening

The first Shoemart was establihed by Mr. Henry Sy in Carriedo Street, Quiapo, Manila in 1958. This was where my mom used to bring me to buy my shoes every school opening

Calling all student shutterbugs! Join the biggest on-the-spot photo competition, The 2nd CANON PHOTOMARATHON UNIVERSITY on October 18, 2014(Saturday) at the Henry Sy Bldg, De La Salle University, Taft Ave. Manila.  Registration is free and will begin on Oct. 10, 2014(Friday) at 3pm, The Contest is open to all students of all levels. Register at www8.canon.com.ph/photomarathonph2014

Calling all student shutterbugs! Join the biggest on-the-spot photo competition, The 2nd CANON PHOTOMARATHON UNIVERSITY on October 18, 2014(Saturday) at the Henry Sy Bldg, De La Salle University, Taft Ave. Manila. Registration is free and will begin on Oct. 10, 2014(Friday) at 3pm, The Contest is open to all students of all levels. Register at www8.canon.com.ph/photomarathonph2014

This is a must read for all Filipinos. Specially those, like me, who have no recollection of the Philippines when it was the 2nd wealthiest nation in Asia, after Japan. Citizens of other countries, like Henry Sy Sr, one of the wealthiest man in the world, migrated to the Philippines in search for a better future. He built his business empire after the 2nd world war.

This is a must read for all Filipinos. Specially those, like me, who have no recollection of the Philippines when it was the 2nd wealthiest nation in Asia, after Japan. Citizens of other countries, like Henry Sy Sr, one of the wealthiest man in the world, migrated to the Philippines in search for a better future. He built his business empire after the 2nd world war.

Henry Sy building in De La Salle University. // Took this with my Sony Xperia!! I miss Android phones.

Henry Sy building in De La Salle University. // Took this with my Sony Xperia!! I miss Android phones.

Henry Sy & family - #1 Philippines 50 Richest, #71 Billionaires, #99 Real-Time Billionaires

Henry Sy & family

Henry Sy & family - #1 Philippines 50 Richest, #71 Billionaires, #99 Real-Time Billionaires

Henry Sy & family - #1 Philippines 50 Richest, #71 Billionaires, #84…

Henry Sy & family

Henry Sy & family - #1 Philippines 50 Richest, #71 Billionaires, #84…

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