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At one time, he was hit by shrapnel while selling, and quite fortunately was brought to the hospital by his good friend in a kariton. He treasured that friendship and later expressed his gratitude after the war by making that friend his partner in a shoe store.
WWII came and the sari-sari store was looted and burned.
Many bankers predicted our demise because my dad came from nowhere – he may had a few department stores and shoe stores at that time, but he was not one of the financial heavy-weights at that time.
Unaffected by criticism, and armed with sheer determination and optimism, he persisted and opened in 1985 with our department store and supermarket and a few tenants.
Today, I’m now going to feature the life story of the richest man in the Philippines.
He is no other than Henry Sy, the retail magnate who owns all established 33 SM Malls and also a banking magnate who owns Banco De Oro-EPCI Bank and majority share in China Bank.
Many shoe manufacturers at that time could not understand why they had to listen to this shoe retailer who had very definite ideas on what he wanted to sell.